Whether you are a Canadian- or foreign-owned company, you should consider the most effective means to reduce your corporate income's tax rate — without moving your business functions or transactions outside of the country.
BC's International Financial Activity Act (IFAA) provides an international financial business (IFB) with the opportunity to qualify for a full refund of BC corporate income tax. Some of the qualifying activities include:
Using a BC IFC can help uncover cash-tax savings through the elimination of BC provincial taxes, as well as lower implementation and maintenance costs.
How PricewaterhouseCoopers can help
We can assist you with a feasibility analysis, help prepare and submit rulings confirming eligibility of proposed activities, and contribute to the implementation process.
For further information or if you would like to have a PwC tax professional contact you, please send an email to PwC Tax Opportunities.This communication is intended to inform readers of developments as of the date of publication, and is neither a definitive analysis of the law nor a substitute for professional advice. Readers should discuss with professional advisers how the information may apply to their specific situations.