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Step $2-$ British Columbia tax on taxable income

Enter your taxable income from line $260$ of your return.

Complete the appropriate column depending on the amount on line $39.$

Enter the amount from line $39.$

Line $40$ minus line $41($cannot be negative$)$

Multiply line $42$ by line $43.$

Add lines $44$ and $45.$

British Columbia tax on taxable income

Step $3-$ British Columbia tax

Enter your British Columbia tax on taxable income from line $46.$

Enter your British Columbia tax on split income from Form T$1206.$

Add lines $47$ and $48.$

Enter your British Columbia non$-$refundable tax credits from line $38.$

British Columbia dividend tax credit:

Credit calculated for line $6152$ on the Provincial Worksheet

British Columbia minimum tax carryover.

Amount from line $427$ of your federal Schedule $1$

$33\mathrm{.}7\%=$

$6152$

$6151$

$50$

$\mathrm{.}51$

$\mathrm{.}52$

Add lines $50$ to $52.$

Line $49$ minus line $53($if negative, enter $"0")$

British Columbia additional tax for minimum tax purposes:

Amount from line $117$ of Form T$691$

Add lines $54$ and $55.$

Provincial foreign tax credit from Form T$2036$

Line $56$ minus line $57($if negative, enter $"0")$

BC tax reduction

If your net income $($line $236$ of your return$)$ is less than $$32,221,$ complete the following calculation.

Otherwise, enter $"0"$ on line $65$ and continue on line $66.$

Basic reduction claim $$444$

Enter your net income from line $236$ of your return.

Base amount

Line $60$ minus line $61($if negative, enter $"0")$

Applicable rate

Multiply line $62$ by line $63.$

Line $59$ minus line $64($if negative, enter $"0")$

Line $58$ minus line $65($if negative, enter $"0")$

Logging tax credit from Form FIN $542$ S or Form FIN $542$P

Line $66$ minus line $67($if negative, enter $"0")$

Continue on the next page.

$5010-C$