Source: https://www.leg.bc.ca/content/legacy/Web/39th2nd/1st_read/gov19-1.htm
Timestamp: 2018-09-23 16:17:19
Document Index: 606340772

Matched Legal Cases: ['art 7', 'art 10', 'art 10', 'art 10', 'art 10', 'art 10', 'art 10', 'art 11', 'art 11', 'art 10', 'art 10', 'art 2', 'art 3', 'art 3', 'art 11', 'art 11', 'art 7', 'art 7', 'art 7', 'art 2']

SECTION 1: [British Columbia Railway Act, section 6] provides that the British Columbia Railway Company is not exempt from tax under Part 7.1 of the South Coast British Columbia Transportation Authority Act.
SECTION 2: [Budget Measures Implementation Act, 2008, section 42] consequential to the amendment to section 38 (1.01) of the Income Tax Act	by this Bill, provides for the repeal of only paragraph (h) of section 38 (1.01) of the Income Tax Act.
SECTION 3: [Budget Measures Implementation Act, 2008, section 126]	provides for the commencement of section 42.1 of the Act, added by this Bill.
14.1 Section 42.1 By regulation of the Lieutenant Governor in
Council, which may be made to bring
section 42.1 into force on or after August 1, 2010 .
SECTION 4: [Budget Measures Implementation Act, 2010, section 74] repeals and replaces the section that enacts Schedules 3 and 4 of the Home Owner Grant Act.
SECTION 5: [Income Tax Act, section 1]
applies the functional currency tax reporting provisions of the Income Tax Act (Canada) for the purposes of the Act and requires the use by a corporation of functional currency tax reporting for the purpose of determining its provincial corporate income tax if it elects to use functional currency tax reporting for federal income tax purposes;
ensures that, in applying the functional currency tax reporting provisions of the Income Tax Act (Canada), references to Canada are interpreted as referring to Canada and not British Columbia.
(c)	section 261 (2) [Canadian currency requirement]	of the federal Act applies to all taxation years;
SECTION 6: [Income Tax Act, section 29]	provides for the advancement of an alternative argument in support of an assessment at any time after the normal reassessment period.
SECTION 7: [Income Tax Act, section 29] provides for the assessment of the amounts deemed to have been paid in respect of the interactive digital media tax credits under Part 10 of the Act.
SECTION 8: [Income Tax Act, section 29] is consequential to amendments to the Income Tax Act	(Canada).
(c)	in subsection (2.2) by striking out 'to "paragraph (4) (a) or (b)" must be read as "paragraph (4) (a), (b) or (c)" and' and substituting 'to "paragraph (4) (a), (b) or (c)" must be read as "paragraph (4) (a), (b), (c) or (e)" and', and
SECTION 9: [Income Tax Act, section 29]	updates a cross-reference to the Income Tax Act (Canada).
SECTION 10: [Income Tax Act, section 33]
repeals a reference to a provision of the Income Tax Act	(Canada) that provided for installment deferrals in 2002;
applies provisions of the Income Tax Act	(Canada) to allow some small Canadian-controlled private corporations to pay corporate income tax in quarterly installments and to increase the installment threshold to $3 000;
requires a corporation to use the same calculation method to calculate corporate income tax installments for both federal and provincial purposes;
enables a corporation to reduce its provincial corporate income tax installment amounts by its provincial refundable tax credits.
SECTION 11: [Income Tax Act, section 33] enables a corporation to reduce its provincial corporate income tax installment amounts by its refundable tax credit under Part 10 of the Act.
SECTION 12: [Income Tax Act, section 38] applies the penalty provisions of the Income Tax Act (Canada) in respect of misleading statements and omissions to information provided in an application for the interactive digital media tax credit under Part 10 of the Income Tax Act	(British Columbia).
SECTION 13: [Income Tax Act, section 40] permits prepayment of an income tax refund for an interactive digital media tax credit under Part 10 of the Act.
SECTION 14: [Income Tax Act, section 42] provides for an appeal from an assessment in respect of the determination of the amount of a corporation's interactive digital media tax credit under Part 10 of the Act.
SECTION 15: [Income Tax Act, section 47]	provides that the time period for claiming the interactive digital media tax credit under Part 10 of the Act must not be extended.
SECTION 16: [Income Tax Act, section 64] authorizes an official to provide taxpayer information to an official for the purposes of the administration and enforcement of Part 11.1 of the Forest Act.
SECTION 17: [Income Tax Act, section 65]	provides for the use and disclosure of taxpayer information, obtained under an information-sharing agreement, for the purpose of administering and enforcing Part 11.1 of the Forest Act.
SECTION 18: [Income Tax Act, section 79]	provides that specified amounts are not included in the meaning of "BC labour expenditure".
SECTION 19: [Income Tax Act, section 80] requires the producer of an eligible production to meet specified requirements for a corporation to be eligible for the basic tax credit in respect of the production.
SECTION 20: [Income Tax Act, section 88]	provides for a certificate to be revoked by the Commissioner of Income Tax.
SECTION 21: [Income Tax Act, section 89]
(a)	provides for notice to be given to the Commissioner of Income Tax if a certificate is revoked by the certifying authority or the minister, and
(b)	requires the Commissioner of Income Tax to give notice if the Commissioner of Income Tax revokes a certificate.
SECTION 22: [Income Tax Act, section 90]	is consequential to the amendment to section 92 of the Act by this Bill.
SECTION 23: [Income Tax Act, section 92]	provides for the reconsideration of a decision of the Commissioner of Income Tax to revoke a certificate and provides for an appeal of the decision of the Commissioner of Income Tax to revoke a certificate.
SECTION 24: [Income Tax Act, section 94]	provides that the minister is entitled to obtain information respecting certificates revoked by the Commissioner of Income Tax and that the Commissioner of Income Tax is entitled to obtain information respecting certificates issued, refused or revoked by the certifying authority.
SECTION 25: [Income Tax Act, section 116]	adds a definition.
SECTION 26: [Income Tax Act, section 118]	ensures that an apprentice who is registered in an ineligible program may not claim a basic tax credit under this section of the Act.
SECTION 27: [Income Tax Act, section 119] provides for additional eligibility requirements for the completion tax credit to be prescribed by regulation.
SECTION 28: [Income Tax Act, section 119.1] provides a certification tax credit for individuals who receive a Certificate of Qualification from the Industry Training Authority, but are not registered in a program with the Industry Training Authority.
SECTION 29: [Income Tax Act, section 120] provides that an individual may claim an enhanced tax credit based on the amount of the basic tax credit, completion tax credit and certification tax credit that the individual has claimed in a taxation year and the amount of the federal Apprenticeship Incentive Grant that the individual has received in a taxation year.
SECTION 30: [Income Tax Act, section 122] ensures that an employer may not claim a basic tax credit under this section of the Act if the employee is registered in an ineligible program.
SECTION 31: [Income Tax Act, section 124.1] reduces the percentage used in determining the tax credit an eligible employer may claim in respect of an eligible apprentice.
SECTION 32: [Income Tax Act, section 131]	allows the Lieutenant Governor in Council to make regulations prescribing eligibility requirements for the completion tax credit for individuals and prescribing eligibility requirements and programs for the certification tax credit for individuals.
SECTION 33: [Income Tax Act, section 131]	transfers most of the authority to make regulations under this section to the Commissioner of Income Tax.
SECTION 34: [Income Tax Act, Part 10] provides a refundable tax credit for corporations in relation to interactive digital media products. In particular, Part 10 does the following:
sets out, in section 133, the requirements for a corporation to be eligible to claim a tax credit under this Part;
establishes, in section 134, a tax credit for a corporation that is eligible under section 133;
makes, in section 135, the tax credit under this Part refundable;
provides, in sections 136 and 137, for the registration of a corporation for the purposes of this Part and for reconsiderations and appeals;
provides, in section 138, the requirements with which a corporation must comply if the corporation wishes to claim a tax credit under this Part;
provides, in section 139, the Commissioner of Income Tax with audit powers;
provides, in section 140, for regulations for the purposes of this Part, including regulations that may be made retroactive.
"eligible activities", in relation to an interactive digital media product,	means eligible activities as defined by regulation;
(d)	is intended to be used interactively by individuals,	and
(g)	is an eligible business corporation registered under Part 2 of the Small	Business Venture Capital Act,
amount = eligible salary and wages — designated assistance
SECTION 35: [International Financial Activity Act, Act title] is self-explanatory.
SECTION 36: [International Financial Activity Act, section 1]
amends the definition of "claimant" consequential to the new definition of "IB specialist";
amends the definition of "international financial business" consequential to the new definition of "qualifying financial business";
amends the definition of "IFA specialist" consequential to the new definition of "IB specialist";
repeals the definition of "qualifying business" consequential to the new definition of "qualifying financial business";
adds definitions for "designated international business", "IB specialist", "international business", "qualifying financial business", "qualifying transaction" and 5 international businesses.
"international carbon trading and certification business"	means an international carbon trading and certification business that meets the requirements of the regulations and, if required by the regulations, is certified in accordance with the regulations;
SECTION 37: [International Financial Activity Act, section 2] relocates certain international financial activities to other sections of the Act.
SECTION 38: [International Financial Activity Act, section 2]
(a)	amends the definition of "non-resident person" in respect of a partnership to include a prescribed class of partnerships for the purpose of the new activity added by section 2 (2) (l.1) of the Act,
(b)	adds a provision relating to investment fund services to the list of international financial activities,
(c)	removes the prescribed business provisions relating to the resident interest income exception,
(d)	adds an additional restriction to the international financial activities to exclude lending activities conducted with related parties, and
(e)	clarifies international financial activities that are lending activities.
SECTION 39: [International Financial Activity Act, section 11] is consequential to the new definition of "international business".
SECTION 40: [International Financial Activity Act, section 13] in relation to IB specialists,
(a)	amends international financial activities for which an IB specialist may qualify,
(b)	clarifies the activity requirements for an IB specialist,
(c)	is consequential to the introduction of new specialist types, and
(d)	removes the general specialist rules, consequential to the introduction of new specialist types, which are relocated within the Act by this Bill.
SECTION 41: [International Financial Activity Act, sections 13.1, 13.2, 13.3 and 13.4]
adds provisions that will allow corporations to register individuals as specialists in international financial activities;
adds provisions that will allow corporations to register individuals as specialists who are members of the executive management;
adds provisions that will allow corporations to register individuals as specialists in described international businesses other than an international financial business;
replaces repealed sections of the Act relating to general specialist registration requirements with new provisions that apply to all specialists.
SECTION 42: [International Financial Activity Act, section 14] amends references consequential to the expanded specialist rules and the introduction of new specialist types.
SECTION 43: [International Financial Activity Act, section 15] clarifies rules relating to the cancellation of a specialist.
43	Section 15 (5) is amended by striking out "subsection (2)"	and substituting	"subsection (1), (2)".
SECTION 44: [International Financial Activity Act, section 16] is consequential to the introduction of new specialist types.
SECTION 45: [International Financial Activity Act, section 17] adds references to defined terms in the formula description.
SECTION 46: [International Financial Activity Act, section 17.1] amends the calculation of a tax refund in respect of an international patent business and clarifies references.
SECTION 47: [International Financial Activity Act, section 18]
redefines "total adjusted IFB income" as "total adjusted IB income", consequential to amendments to section 19 and the addition of sections 19.01 and 19.02 of the Act by this Bill;
adds a restriction to the determination of adjusted income to exclude amounts elected under section 110.5 of the federal Income Tax Act in years when income would otherwise be zero.
SECTION 48: [International Financial Activity Act, sections 19, 19.01, 19.02 and 19.03]
replaces the terms "total adjusted IFB income" and "adjusted IFB income" with "total adjusted IB income" and "adjusted IB income" for an international financial business;
adds a section that adopts the term "total adjusted IB income" and calculates "adjusted IB income" for an international business other than an international financial business;
adds a section that replaces the terms "total adjusted IFB income" and "adjusted IFB income" with "total adjusted IB income" and "adjusted IB income" for an international patent business;
adds a section that applies to the calculation of IB income for all international businesses;
adds a new rule consequential to the addition of new specialists registered under section 14 (5) (b) or (c) of the Act.
SECTION 49: [International Financial Activity Act, section 19.1] provides for the deduction of amounts deemed to have been paid under section 135 of the Income Tax Act	when determining a corporation's net tax payable for the purposes of the International Financial Activity Act.
SECTION 50: [International Financial Activity Act, section 20] is consequential to amendments to section 19 and the addition of sections 19.01, 19.02 and 19.03 of the Act by this Bill.
SECTION 51:	[International Financial Activity Act, Part 3, Division 2 heading] substitutes the heading to Division 2 of Part 3 of the Act consequential to the expanded specialist rules.
SECTION 52:	[International Financial Activity Act, section 21] consequential to the introduction of new specialist types,
(a)	replaces a reference to "IFA specialist" with "IB specialist",
(b)	replaces references to current provisions in section 21 (1) (d) that are added as new section 21 (2) of the Act, and
(c)	adds eligibility rules in relation to each specialist type, including new minimum income requirements for new administrative support and executive specialists.
SECTION 53:	[International Financial Activity Act, section 22]
amends the refund formula to refer to the new declining rate structure;
adds new provisions to determine the rate applicable for a taxation year for an IB specialist and the rate applicable for an IFA specialist.
tax refund = eligible proportion x net tax payablex the applicable percentage set out in subsection (2) or (4), as the case may be , and
SECTION 54:	[International Financial Activity Act, section 23]
(a)	is consequential to the expanded specialist rules;
(b)	replaces a reference to "IFB income" with "IB income";
(c)	is consequential to the new definition of "international business".
SECTION 55:	[International Financial Activity Act, section 24] replaces a reference to "IFA specialist" with "IB specialist".
SECTION 56:	[International Financial Activity Act, section 26] replaces references to "IFA specialist" with "IB specialist" and "international financial business" with "international business".
SECTION 57:	[International Financial Activity Act, section 32] adds an additional reporting requirement before a specialist's refund will be paid.
SECTION 58:	[International Financial Activity Act, section 36]
adds information related to a specialist that is subject to administrative penalties consequential to the amendment to section 32 of the Act;
replaces a reference to "IFB income" with "IB income".
SECTION 59:	[International Financial Activity Act, section 51]
amends the definition of "avoidance transaction" consequential to the new definition of "international business";
replaces references to "IFB income" with "IB income".
SECTION 60:	[International Financial Activity Act, section 52]
(a)	replaces a reference to "IFB income" with "IB income", and
(b)	replaces a reference to "international financial business" with "international business".
SECTION 61:	[International Financial Activity Act, section 65] amends the regulation- making powers that are required in respect of the new international businesses.
(e)	respecting any other matter for which regulations are contemplated by this Act.	, and
(6)	Regulationsmade under this section, other than the regulations referred to in subsection (4), may be made retroactive to a date on or after March 3, 2010 and if made retroactive are deemed to have come into force on the date specified in the regulations.
SECTION 62: [Land Tax Deferment Act, section 4]	provides for an exception to the rule that an agreement to defer taxes is terminated by a disposal of the eligible property.
SECTION 63: [Land Tax Deferment Act, sections 7.1 and 7.2]
provides for an owner of eligible property who has deferred taxes under an original agreement and the spouse of the owner to enter into an amending agreement with the minister that provides for
the transfer of a portion of the owner's interest in the eligible property to the spouse of the owner, and
the spouse of the owner being liable for all past and future taxes deferred under the original agreement and any interest on the deferred taxes;
provides for the registration of the amending agreement in the land title office and the registration of a financing change statement in the personal property registry.
"amending agreement"	means an agreement that amends an original agreement;
(2)	If an amending agreement is made under section 7.1 with an owner referred to in section 5 (2), (2.2) or (2.4), the minister must amend the financing statement registered under section 7 (2) by registering a financing change statement in the personal property registry established under the Personal Property Security Act	in the form and manner prescribed under that Act.
SECTION 64: [Land Tax Deferment Act, section 11]	provides that the specified items have no effect on the priority of a lien and charge on eligible property.
SECTION 65: [Logging Tax Act, section 14] provides for the disclosure of information or records under the Act	in the course of administering or enforcing Part 11.1 of the Forest Act.
SECTION 66: [Logging Tax Act, section 14.1]	provides that an information-sharing agreement or arrangement may be entered into for the purposes of administering Part 11.1 of the Forest Act.
SECTION 67: [Logging Tax Act, section 20]	removes provisions respecting the filing of a waiver and provides for an assessment or reassessment of tax if there is an assessment, reassessment or additional assessment under the Income Tax Act	(Canada) that affects the liability of the taxpayer under the Logging Tax Act.
(5)	If a taxpayer is issued a notice of assessment, reassessment or additional assessment under the Income Tax Act	(Canada) that shows a change in an amount relevant to the calculation of tax payable,
(B)	the day that the commissioner is notified of the assessment, reassessment or additional assessment under the Income Tax Act	(Canada).
SECTION 68: [Personal Property Security Act, Schedule]	provides for no fee in relation to the registration of a financing change statement under section 7.2 of the Land Tax Deferment Act.
6.1 For the registration of a financing change statement
Land Tax Deferment Act no charge
SECTION 69: [Social Service Tax Act, section 4.82]	in relation to the purchase price of a parking right,	applies rules	respecting when the purchase price becomes due and respecting consideration other than money that is given or required to be given on account of the purchase price.
SECTION 70: [Social Service Tax Act, section 61] repeals provisions relating to changes in tax rates in respect of a parking right.
SECTION 71: [Social Service Tax Act, section 61.1]	provides for an end of taxation under section 61 of the Act, coinciding with the establishment of a tax on parking rights under the South Coast British Columbia Transportation Authority Act.
SECTION 72: [Social Service Tax Act, section 80.1]	provides that a refund relating to section 61 of the Act must not be made on a claim for a refund that is made on or after July 1, 2010.
SECTION 73: [South Coast British Columbia Transportation Authority Act, section 1] excludes the definition of "motor vehicle" from applying to Part 7.1 of the Act.
SECTION 74: [South Coast British Columbia Transportation Authority Act, section 6] is consequential to the repeal of the Social Service Tax Act.
SECTION 75: [South Coast British Columbia Transportation Authority Act, section 30.1] authorizes the authority to set the rate of tax payable under Part 7.1 of the Act.
SECTION 76: [South Coast British Columbia Transportation Authority Act, section 45] provides that section 5 of the Offence Act	does not apply to the regulations under the South Coast British Columbia Transportation Authority Act.
SECTION 77: [South Coast British Columbia Transportation Authority Act, Part 7.1]
provides for a continuation of the tax imposed under Division 8 of Part 2 of the Social Service Tax Act on the purchase of a right to park a motor vehicle at a location in the transportation service region under the South Coast British Columbia Transportation Authority Act;
establishes an administrative scheme for the imposition and collection of tax by the South Coast British Columbia Transportation Authority and an appeal mechanism that is similar to administrative schemes established under other taxation Acts.
(a)	the amount of tax, paid or payable by the purchaser under this section or section 61 of the Social Service Tax Act	in relation to the parking right, that is attributable to the remainder of the parking period, and
(3)	If the administrator is satisfied that a person has remitted to the commissioner under the Social Service Tax Act	an amount as collected taxes, in relation to a purchase of a parking right, that the person neither collected nor was required to collect under that Act, the administrator must refund the amount to the person.
169.2 A person who sells parking rights at a retail sale	is deemed to be an agent for the authority and as agent must levy and collect tax as required by this Part.
(2)	A person who sells parking rights at a retail sale	must collect the tax imposed under section 169.02 (3) on the date within the parking period on which the new rate takes effect.
(2)	If a person is required to pay or collect and remit an amount under this Part and does not pay or collect and remit that amount,	the administrator may register a lien
(b)	if a notice of appeal is served on the chief executive officer	in respect of the determination within the time provided by section 169.39 (2), the date on which the chief executive officer	upholds the determination under that appeal.
(11)	If, at any time, the administrator becomes convinced that the corporations were not associated within the meaning of the section 256 of the Income Tax Act (Canada) at the time that the lien was registered under subsection (9) (b) of this section or if the chief executive officer	or a court of competent jurisdiction upholds the corporation's appeal against the administrator's determination on the basis that the corporations were not associated at the time that the lien was registered, the administrator must,
(2)	Before distributing the property referred to in subsection (1), or the proceeds from the realization of it, a person to whom this section applies must obtain from the administrator a certificate that the amount that constituted a lien registered under section 169.46 (2) has been paid or that security acceptable to the administrator	has been given.
169.55 (1)	A person who contravenes section 169.52 [confidentiality]	commits an offence and is liable to a fine of not more than $2 000.
169.63 (1)	Tax is payable by a purchaser under section 169.02 (1)	in respect of a parking right if a portion of the purchase price of the parking right becomes due on or after July 1, 2010 and is not paid before July 1, 2010.
(2)	Tax is not payable by a purchaser under section 169.02 (1) in respect of a portion of the purchase price of a parking right if the purchaser must pay tax under section 61 of the Social Service Tax Act	in respect of the portion of the purchase price of the parking right.
(3)	If tax is payable under section 169.02 (1)	by reason of subsection (1) of this section, for the purpose of calculating the tax payable under section 169.02 (1), the purchase price of the parking right is deemed to be the portion of the purchase price of the parking right that is not paid before July 1, 2010 and becomes due on or after July 1, 2010.
(4)	Section 4.82 (1) and (4) of the Social Service Tax Act	applies for the purposes of this section as if this section were an application section, except that a reference in that section to "tangible personal property" is to be read as "a parking right".
SECTION 78: [South Coast British Columbia Transportation Authority Act, section 169.09] is consequential to the repeal of the Social Service Tax Act.
SECTION 79: [South Coast British Columbia Transportation Authority Act, sections 169.1 and 169.6] is consequential to the repeal of the Social Service Tax Act.
SECTION 80: [Income Tax Act transition — application of Income Tax Act (Canada) provisions] further to the amendments to section 29 of the Income Tax Act	by this Bill, applies section 152 (9) of the Income Tax Act (Canada) to appeals disposed of after June 17, 1999.
Income Tax Act	transition — application of
Income Tax Act	(Canada) provisions
80 Section 152 (9) of the Income Tax Act	(Canada), as it applies for the purposes of the Income Tax Act (British Columbia), applies to appeals disposed of after June 17, 1999.
SECTION 81: [International Financial Activity Act transition — eligible proportion of income] clarifies the effective date for the new section 18 (3) of the International Financial Activity Act.
SECTION 82: [Logging Tax Act transition — assessments]	provides for the continued application of section 20 of the Act in respect of taxpayers who have filed or were required to file a waiver under that section of the Act.