The British Columbia provincial government on Tuesday extended its support for the provincial Mining Exploration Tax Credit (BC METC) through to January 1, 2020, and also renewed the BC Mining Flow-Through Share tax credit, which had expired on December 31, 2015.
The projected fourth consecutive balanced provincial budget pegged the 2016 BC METC at its regular rate of 20% and reconfirmed the enhanced rate of 30% for areas affected by the mountain pine beetle. The tax credit had been originally set to expire on December 31, 2016.
