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Logging TAX RETURN OF income Mailing Address: PO Box 9444 Stn Prov Govt Victoria BC V8W 9W8 gov.bc.ca/loggingtax General Inquiries: 250 9533082 Tollfree: 1 877 3873332 Email: ITBTaxQuestions gov.bc.ca.

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The logging tax is a 10 per cent tax that applies to individuals and corporations in BC that receive income related to log- ging operations from private and Crown land. The logging tax is only applicable to those individuals and corporations that own, or own the rights to the logs that are being sold.

You claim the credit when you file your T1 Income Tax Return. Enter the amount of the provincial logging tax credit you are claiming on the British Columbia Tax form (BC 428). The credit is non-refundable. There are no carry-forward or carry-back provisions.

As discussed above, the net gain from the sale of timber is typically considered a capital gain, either long-term or short-term.

You can claim a provincial logging tax credit if you paid logging tax to B.C. on income earned from logging operations for the year.

Logging tax applies to individuals or corporations that have income from logging operations on private or Crown land in B.C.

Timber owners must report and pay the tax when they harvest their trees, or “timber.” The Timber Yield Tax Law is administered by the California Department of Tax and Fee Administration (CDTFA). The tax revenue, less administrative costs, is returned to the county where the trees were harvested.

You must file the Logging Tax Return of Income if you had income from the sale of B.C. logs, standing timber, timber rights, or the export of logs....Submit your tax return Online using eTaxBC. By mail or courier. At a government office.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232