Why British Columbia?

Occupying almost a million square kilometers, British Columbia has a population of 4,196,383, with major urban centres located in Vancouver, Victoria and Kelowna.

British Columbia has a highly diverse natural environment, population, and economic base. The province’s innovative and skilled workforce, rich natural resources, unrivaled quality of life and gateway location between North America and Asia provide the foundation for almost unlimited economic opportunities.

The Province of British Columbia also recognizes the need to attract various technology companies. The Provincial Government has introduced various business incentives in order to draw more companies to British Columbia. In addition to recently investing over one billion dollars in Research and Development, the province has implemented targeted tax incentives and improved access to venture capital to help innovative BC tech companies grow.

Highlights:

• Provincially, a 10% non-refundable BC income tax credit for eligible expenditures on qualified R&D
• 20% non-refundable federal income tax credit for eligible expenditures: salaries and wages, materials, suppliers and overheads and capital expenditures used directly in qualified R&D activities.
• R&D Tax Deduction: 100% immediate deduction of eligible R&D expenditures to reduce BC & Federal taxable income

Below are links provided by INVESTBC that outline the various business incentives that exist in British Columbia:

Business Taxation
Business Incentives
Business Structures
New Business Investment and Acquisitions
North American Free Trade Agreement and Tariffs
Employing and Hiring Workers
Business Immigration