Federal logging tax credit

Corporations that have income from logging operations and have paid logging tax to the province of Quebec or British Columbia can claim this credit If you paid a logging tax to a province for logging operations you performed in the province, you may be able to claim a logging tax credit To calculate your credit, use the lesser of the following 2 amounts for each province in which you had a logging operation: +66.6667% of the logging tax paid for the year to the province +6.6667% of your net logging income for the year in the province +Your allowable credit is the total of the credits for the year for all provinces, up to 6.6667% of your taxable income (line 260 of your return), not including any amounts on lines 208, 214, 215, 219, and 220 of your return.

Deadline not available

Deadline not available

Tax Credit

Forestry

For Profit

This grant is restricted to whole of Canada This grant is restricted to whole of Canada

This grant is age restricted from 18 to 100

Logging operations and have paid logging tax to the province of Quebec or British Columbia