Mining Support programs

PROVINCIAL SUPPORT PROGRAMS IN TOP INDUSTRY SECTORS

Development and Support

Industry Training Authority (ITA) BC

ITA is responsible for leading and coordinating the skilled trades training and credentialing system for the province. ITA provides strategic leadership, policy support and customer services to help apprentices, employers and industry. ITA sets program standards, maintains credential records and issues the highly regarded Interprovincial Red Seal and B.C. Certificate of Qualifications (C of Q) credentials.

Financial Support

Mining Exploration Tax Credit - Corporations

Canada Revenue Agency

The mining exploration tax credit (METC) is for eligible corporations, and corporations that are active members of partnerships conducting grassroots mineral exploration in B.C.

Mining Exploration Tax Credit - Individuals

Canada Revenue Agency

Conduct grassroots mineral exploration in B.C., you may qualify for the mining exploration tax credit (METC).

Mining Flow-Through Share Tax Credit

Canada Revenue Agency

The B.C. mining flow-through share (B.C. MFTS) tax credit allows individuals who invest in flow-through shares to claim a non-refundable tax credit of 20% of their B.C. flow-through mining expenditures.

 

FEDERAL SUPPORT PROGRAMS IN TOP INDUSTRY SECTORS

 

Development and Support

New Mine Allowance

The new mine allowance encourages the development of new mines and eligible expansion projects.

Financial Support

Mineral Exploration Tax Credit

Natural Resources Canada

The METC is a 15% non-refundable tax credit on eligible expenses. Companies can apply it against the federal income tax that would otherwise be payable for the taxation year in which the investment was made.

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