International Financial Centre BC
International Trade & Development - Vancouver, British Columbia, Canada
International Financial Centre BC Employees
International Financial Centre BC Details
The International Financial Centre British Columbia (IFC BC) promotes British Columbia as a location for international investment and encourages corporations to take advantage of the favourable tax incentives, high standard of living, and the well-educated workforce available in British Columbia.Strategically located on North America's west coast, BC is a major player in the Canadian economy. Its stature as a location for international business holds considerable opportunity for local and global enterprises. BC offers a unique tax benefit to companies engaged in a qualifying international business. Companies registered under the International Business Activity Act (IBAA) and carrying on international business from a base in BC can receive up to a full rebate of provincial corporate tax paid on income of qualifying activities (75% for patent activities). A number of Canadian and multinational companies have established operations in British Columbia to carry out activities as treasury operations, factoring international receivables, and investment management for the benefit of a non-resident. Vancouver is a tax competitive location, a fact that makes it even more attractive to the international business community. In 2011, a company registered in the International Business Activity (IBA) program will incur only the federal corporate income tax rate of 16.5%, reducing to 15% in 2012 on qualifying activities (excluding patent activities).
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