Case Studies

Generic situations where an international financial business structure can be utilized

The International Financial Activity Act (IFAA) has been broadened to include qualifying activities relevant to non-financial institutions. While many of the qualifying activities are financial in nature, others are not, such as life sciences patent income and film distribution.

These cases show hypothetical situations that illustrate the breadth of the IFAA provisions and their applicability to many international activities. In some cases, organizations may have to restructure their operations to qualify their income for the IFAA benefits.

Further details on the financial services and the International Financial Activity (IFA) program can be found in Bulletin IFA 001, International Financial Activity Overview.

The IFA program is administered by the BC Ministry of Finance (formerly the BC Ministry of Small Business and Revenue). For more information regarding the legislation or provincial registration, please visit their website. The information on this website is provided for convenience and guidance only and is not a replacement for the legislation. Businesses considering accessing the benefits under the IFAA should consult with their professional advisors on the applicability of the IFAA legislation to their particular circumstance.