BC competitive advantage brochure_cover imageBritish Columbia: Competitive Advantage Overview

British Columbia offers the international business community a well-educated, cosmopolitan population, a world-class financial and trade infrastructure and a gateway location between North America and Asia. Download the brochure.

British Columbia: Competitive Taxes

British Columbia has one of the most competitive tax jurisdictions in the world. Locating an international business in British Columbia can increase a company’s profits even further through lower taxes available under the IBA program.
Download the brochure.

Competitive Taxes in British Columbia (.pdf 506 kb)

Registration: International Business Activity (IBA) Program

To qualify for the IBA program, an eligible corporation must register with the Ministry of Finance under the International Business Activity Act (IBAA) and with AdvantageBC as a core member. An international business is defined as: 1) international financial business; 2) international patent business; 3) international film distribution business. Download the brochure.

Registering An International Business (.pdf 523 kb)

Tax Incentive Brochures

Qualifying activities are international in nature—one side of the transaction must be conducted with, for, or on behalf of a non-resident to be eligible for the International Business Activity (IBA) tax incentive program.

By establishing an international business (IB) in British Columbia, a company can receive a full refund of the British Columbia taxes paid on the net income of the IB (75% refund for patent income).

The International Business Activity Act (IBAA), passed and implemented by the Province of British Columbia in 2004, provides the legislative framework for the tax incentive.

Did you know?

  • BC has a lower tax rate than Hong Kong and Singapore.
  • You may be eligible for a refund of BC corporate tax on income from international business activities.
  • Vancouver is among the top-10 wealth management centres in the world.
  • British Columbia is one of the top two designated financial centres in Canada.
  • The IBA Program includes a personal income tax incentive for international employees.