What’s in this article?
The BC Tax Reduction is a non-refundable tax credit for lower income taxpayers and families to help reduce or eliminate any BC tax payable.
If your net income for the year is less than $31,342 you will be able to apply for this tax credit.
If you meet the eligibility requirement outlined above, H&R Block’s software will automatically apply the credit amount to your return.
- Non-refundable tax credits, other credits, and reduction (Canada Revenue Agency website)à