Administered by Government of British Columbia · Last verified: July 2026
Introduced in Budget 2026, this refundable credit gives B.C. manufacturers 15% back on new buildings, machinery, and equipment used mainly for manufacturing or processing goods in the province. It applies to eligible property acquired after March 31, 2026, with claims capped at expenditures of up to $2 million per property. The business must be a Canadian-controlled private corporation with a permanent establishment in B.C.
You claim this on your tax return, so the money comes back as a lower tax bill or a refund after you file. If you missed it in a past year, you can often still recover it by adjusting a prior return.
Take the 3-minute quiz to find out, and see every other Canadian program you qualify for at the same time.
Check my eligibilityBC Manufacturing and Processing Investment Tax Credit is generally open to incorporated businesses, in British Columbia, in Manufacturing, Food & Beverage. Confirm the full criteria on the official program page before applying.
The estimated value is 15% of eligible expenditures, up to $2 million in expenditures per property. The actual amount depends on your eligible costs, the program's budget, and approval.
Claimed on a return, so a missed year can usually be recovered by amending. How far back depends on whether you file personally or as a corporation; confirm the eligible years with your accountant.
1. Confirm you are a CCPC with a permanent establishment in B.C. engaged in manufacturing or processing 2. Track eligible property acquired and available for use after March 31, 2026 3. Claim the credit on your T2 return within 18 months of the tax year the property became available for use
20% of eligible apprentice salaries
TAX CREDIT20% of wages up to $4,000 basic, plus completion and enhanced amounts up to $6,000
TAX CREDIT17.5% of eligible labour costs