British Columbia Order in Council — Amendment to Climate Action Tax Credit Regulation (O.C. 245/2024)

O.C. 245/2024

British Columbia — Orders in Council

245 May 13, 2024 PROVINCE OF BRITISH COLUMBIA ORDER OF THE LIEUTENANT GOVERNOR IN COUNCIL Order in Council No. , Approved and Ordered Executive Council Chambers, Victoria On the recommendation of the undersigned, the Lieutenant Governor, by and with the advice and consent of the Executive Council, orders that the Climate Action Tax Credit Regulation, B.C. Reg. 135/2008, is amended as set out in the attached Schedule. Minister of Finance Council (This

part is for administrative purposes only and is not part of the Order.) Authority under which Order is made: Act and section: Income Tax Act, R.S.B.C. 1996, c. 215, s. 8.1 Other: OIC 391/2008 page of2 Rl0757012

SCHEDULE

Section of the Climate Action Tax Credit Regulation, B.C. Reg. 135/2008, is repealed and the following substituted: Prescribed amounts for climate action tax credit for and subsequent taxation years 3

(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 as follows: (

a) in respect of a specified month for the taxation year, $447; (

b) in respect of a specified month for the and subsequent taxation years, $504.

(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 as follows: (

a) in respect of a specified month for the taxation year, $223.50; (

b) in respect of a specified month for the and subsequent taxation years, $252.

(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 as follows: (

a) in respect of a specified month for the taxation year, $111.50; (

b) in respect of a specified month for the and subsequent taxation years, $126.

(4) The amount prescribed for the purposes of paragraph (

a) of the description of "deduction" in

section 8.1 (3) of the Act is as follows: (

a) in respect of a specified month for the taxation year, $39 115; (

b) in respect of a specified month for the and subsequent taxation years, $41 071.

(5) The amount prescribed for the purposes of paragraph (

b) of the description of "deduction" in

section 8.1 (3) of the Act is as follows: (

a) in respect of a specified month for the taxation year, $50 170; (

b) in respect of a specified month for the and subsequent taxation years, $57 288. page of2

Document details

Collection	British Columbia — Orders in Council
Citation	O.C. 245/2024
Type	order_in_council
Volume / chapter	arc oic 0245 2024
Language	en
Format	pdf
Source	PROVINCIAL
Identifier	b89f87de5420a0f85e972362f1f6a0dae1f4bb82

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