British Columbia Gazette Part II — B.C. Reg. 148/2023
B.C. Reg. 148/2023
British Columbia — Gazette
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Volume 66, No. 10
148/2023
The British Columbia Gazette,
Part II
June 20, 2023
B.C. Reg. 148/2023 , deposited June 19, 2023, under the INCOME TAX ACT [section 8.1]. Order in Council 366/2023, approved and ordered June 19, 2023.
On the recommendation of the undersigned, the Lieutenant Governor, by and with the advice and consent of the Executive Council, orders that, effective July 1, 2023, the Climate Action Tax Credit Regulation, B.C. Reg. 135/2008, is amended as set out in the attached Schedule.
— K. CONROY, Minister of Finance ; R. FLEMING, Presiding Member of the Executive Council .
Schedule
Section 2 of the Climate Action Tax Credit Regulation, B.C. Reg. 135/2008, is amended
(
a) in subsection (1) by repealing paragraph (
g) and substituting the following:
(
g) in respect of the specified month of July 2022, $193.50, , and
(
b) in subsection (2) by repealing paragraph (
g) and substituting the following:
(
g) in respect of the specified month of July 2022, $56.50, .
2 The following
section is added:
Prescribed amounts for climate action tax credit
for 2022 and subsequent taxation years
(1) The amount prescribed for the purposes of paragraph (
a) of the description of "total credits" in
section 8.1 (3) of the Act is, in respect of a specified month for the 2022 and subsequent taxation years, $447.
(2) The amount prescribed for the purposes of paragraphs (
b) and (
c) of the description of "total credits" in
section 8.1 (3) of the Act is, in respect of a specified month for the 2022 and subsequent taxation years, $223.50.
(3) The amount prescribed for the purposes of paragraph (
d) of the description of "total credits" in
section 8.1 (3) of the Act is, in respect of a specified month for the 2022 and subsequent taxation years, $111.50.
(4) The amount prescribed for the purposes of paragraph (
a) of the description of "deduction" in
section 8.1 (3) of the Act is, for the 2022 and subsequent taxation years, $39 115.
(5) The amount prescribed for the purposes of paragraph (
b) of the description of "deduction" in
section 8.1 (3) of the Act is, for the 2022 and subsequent taxation years, $50 170.
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