Funding programs
B.C.'s 2026 budget adds a 15% refundable credit for manufacturers and makes the provincial SR&ED credit permanent. Here is what businesses can verify today.
The short answer
B.C. tabled Budget 2026 on February 17, 2026. For businesses, the main measures are a new temporary 15% refundable credit for investments in manufacturing and processing buildings and equipment, a permanent provincial SR&ED credit with a $6 million expenditure limit, and a $400 million special account for direct investments. Rules are detailed on gov.bc.ca and still evolving.
Frequently asked
It is a temporary, refundable credit of 15% of net eligible expenditures on qualifying buildings, machinery and equipment, introduced in Budget 2026. It applies to property acquired and available for use after March 31, 2026 and before April 1, 2036.
Canadian-controlled private corporations with a permanent establishment in B.C. can claim it, according to the Province. The property must be used primarily to manufacture or process goods for sale or lease in B.C.
Yes. Budget 2026 made it permanent, according to gov.bc.ca. For tax years beginning on or after December 16, 2024, the refundable credit is 10% up to a $6 million expenditure limit.
The Province tabled it on February 17, 2026. The budget materials and backgrounders are posted on bcbudget.gov.bc.ca.
The B.C. credit is claimed with Form T666 on the T2 return, while the federal incentive is claimed through the CRA. Both rely on qualified SR&ED expenditures, but each has its own rules, so confirm how they apply to your situation.