Protected B when completed

British Columbia Tax

T3BC

2023

Complete this form for a trust resident in British Columbia or for a non-resident trust that carries on a business only through a permanent establishment in British
Columbia. Include a completed copy of this form with the trust's return.

Taxable income (line 43 of return)

Step 1 – British Columbia tax on taxable income

Graduated Rate Estates (GRE) or Qualified Disability Trusts (QDT)

Use the amount on line 1 to determine which one of the following columns you have to complete.

If the amount from line 1 is:

$45,654
or less

more than
$45,654,but not
more than
$91,310

more than
$91,310, but
not more than
$104,835

more than
$104,835, but
not more than
$127,299

more than
$127,299, but
not more than
$172,602

more than
$172,602, but
not more than
$240,716

Over
$240,716

Enter the amount from line 1

Base amount

–

Line 2 minus line 3

Rate

x 5.06%

x 7.7%

x 10.5%

x 12.29%

x 14.7%

x 16.8%

x 20.5%

Line 4 multiplied by line 5

Tax on base amount

British Columbia tax on
taxable income

(line 6 plus line 7)

Trusts other than GRE and QDT

British Columbia tax on taxable income:

(amount from line 1)

x 20.5% =

Step 2 – Donations and gifts tax credit

Total donations and gifts:

Line 14 of Schedule 11A

14612

Graduated Rate Estate (GRE) or Qualified Disability Trusts (QDT)

On the first $200 or less

x 5.06% =

Amount of donations in excess of $200 less the amount claimed on

line 12 (amount of donations over $200 not eligible for the 20.5% rate)

x 16.8% =

Enter whichever amount is smaller: 1) the amount of donations
claimed for the current year in excess of $200 or 2) your taxable

income in excess of $240,716

x 20.5% =

Total (add lines 10 to 12)

Trust other than GRE and QDT

On the first $200 or less

x 5.06% =

On the remainder

x 20.5% =

Total (lines 14 plus line 15)

Donations and gifts tax credit
For trusts that are a GRE or a QDT enter the amount from line 13.

For trusts other than GRE or QDT enter the amount from line 16.

14614

•17

Step 3 – British Columbia tax

Enter the amount from line 8 or line 9 above.

14601

•18

British Columbia recovery tax (line 42 of Form T3QDT-WS)

14604

•19

Subtotal (line 18 plus line 19)

Donations and gifts tax credit (line 17)

Dividend tax credit

Line 24 of Schedule 8

x 43.58% =

14618

•22

Line 31 of Schedule 8

x 15% =

14615

•23

Minimum tax carryover

Line 19 of Schedule 11

x 33.7% =

14616

•24

Total credits (add lines 21 to 24)

►

–

Subtotal (line 20 minus line 25. If negative, enter "0".)

Continue on the next page.

T3BC E (23)

(Ce formulaire est disponible en français.)

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Protected B when completed

Step 3 – British Columbia tax

(continued)

Amount from line 26 of the previous page

British Columbia additional tax for minimum tax purposes (amount I from Chart 3 of Schedule 12)

14602

•27

Subtotal (line 26 plus line 27)

14605

British Columbia foreign tax credit (from Form T3 PFT, T3 Provincial or Territorial Foreign Tax Credit)

14610

–

•29

Subtotal (line 28 minus line 29. If negative, enter "0".)

Logging tax credit (see instructions below )

14690

–

•31

Line 30 minus line 31

British Columbia qualifying environmental trust tax credit

14692

–

•33

British Columbia tax (line 32 minus line 33. If negative, enter "0".)

14680

Enter the amount of line 34 on line 45 of the return.

Line 31 – Logging tax credit

If the trust has logging operations in British Columbia on which British Columbia logging tax is payable for this tax year, it may be able to claim this credit.
On line 31 of this form, enter the provincial credit allowable from Form FIN 542S, Logging Tax Return of Income or FIN 542P, Logging Tax Return of Income
for Processors. Include a copy of Form FIN 542S or FIN 542P with the trust's return.

To get Form FIN 542S, go to
https://www2.gov.bc.ca/assets/gov/taxes/income-taxes/forms/fin-542s-logging-tax-return-of-income.pdf

To get Form FIN 542P, go to
https://www2.gov.bc.ca/assets/gov/taxes/income-taxes/forms/fin-542p-logging-tax-return-of-income-processors.pdf

Mining exploration tax credit

On line 55 of the trust's return, enter the amount of credit from Form T88, British Columbia Mining Exploration Tax Credit (Individuals).
Include a copy of Form T88 with the trust's return.

If you have any questions...

If you have questions about British Columbia tax and credits, visit the Canada Revenue Agency (CRA) website at canada.ca/taxes, or call the CRA at
1-800-959-8281.

See the privacy notice on your return.

T3BC E (23)

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