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ARTICLE · 14 MARCH 2022

2022 British Columbia Budget Summary

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On February 22, 2022, British Columbia's Finance Minister Selina Robinson announced the 2022 British Columbia Budget.

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Brian Sanders
Brian Sanders
Brian Steeves
Brian Steeves
Garrett Louie
Garrett Louie
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Lawrence Tam
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On February 22, 2022, British Columbia's Finance Minister Selina Robinson announced the 2022 British Columbia Budget. New measures are intended to promote a stronger society, economy, and environment. No changes were made to the existing provincial personal and corporate tax rates.

Crowe MacKay's tax experts summarize how British Columbians will be impacted by the new tax measures.

Download >> 2022 British Columbia Budget Summary

Scientific research and experimental development (SR&ED) tax credit extended

The SR&ED tax credit has been extended for an additional five years, until August 31, 2027.

This tax credit is available to businesses of all sizes and sectors that conduct research and development activities. All British Columbians are expected to benefit from the long-term economic growth resulting from research and development. 

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