The Buzz

British Columbia: Renter’s tax credit

Starting in the 2023 tax year, a renter's tax credit based on annual income has been introduced in British Columbia. We ask for your assistance in sharing this new renter’s tax credit with your members and/or clients.

For 2023 this tax credit will give $400 to low- and moderate-income renter individuals and families with an adjusted income of $60,000 or less. Individuals and families with an adjusted income greater than $60,000 and less than $80,000 may receive a reduced amount.

Individuals claim their renter’s tax credit on the BC 479 British Columbia Credits form as part of their T1 Income Tax and Benefit Return. No separate application is needed. To receive the credit for 2023, individuals must file their 2023 T1 Income Tax and Benefit Return. Income tax returns for 2023 can be filed now.

Please visit the B.C. renter’s tax credit webpagefor more details including the criteria for who can claim the renter’s tax credit. We suggest that you subscribe for tax updatesto receive an email if there are updates pertaining to the renter’s tax credit.

For questions about eligibility and how to claim the credit, please read T5010-PC British Columbia Tax Information (Page 11) or contact the Canada Revenue Agency with questions about tax credit claims at 1-800-959-8281.

Thank you

Revenue Division, Ministry of Finance
Email: ITBTaxQuestions@gov.bc.ca
Toll free in Canada: 1-877-387-3332