E-L - Service Description

By: Service Bc  09-12-2011

 A person who sells logs, standing timber, cutting rights, or who acquires logs for manufacture, in British Columbia, may be subject to logging tax. A tax of 10 % is applied to the annual net income attributable to those transactions.

Logging Tax paid is usually deductible as a credit, from federal and provincial income taxes, if claimed within 3 years of filing the income tax return.


Other products and services from Service Bc

09-12-2011

Service Descriptions A-D - Service BC

Service BC Centres can assist in the Reservation of the Business Names for Societies, Co-Operatives, Partnerships/Proprietorships, BC Corporations and Extraprovincial Companies and usually take two working days to finalize the transaction. The Corporate Registry provides the legal framework and files documents for the incorporation, registration, maintenance and dissolution of companies, societies and co-operatives active in British Columbia.