[This Bc Mining Exploration Tax Credit News Today, Complete this form to calculate your british columbia mining exploration tax credit (bc metc). This program provides a refundable tax credit equal to 20 per cent of qualified mining exploration expenses less the amount of any assistance received this program provides refundable tax credits for apprentices and employers who take part in apprenticeship programs administered through the. Bc also offers the following credits:
The metc helps junior exploration companies raise capital for mining exploration by providing a federal tax incentive, stimulating investor the metc was scheduled to expire on march 31, 2014, but the economic action plan 2014 extends the credit for an additional year, until march 31, 2015.
Complete this form to calculate your british columbia mining exploration tax credit (bc metc). The bc metc is equal to 20% of the amount by which the total qualified mining exploration expenses incurred in the tax year exceed the total of all assistance or reimbursements that were received. Form t88, british columbia mining exploration tax credit (individuals). Extends several business and personal tax credits, including the training tax credits. The metc is a refundable income tax credit for eligible individuals and corporations conducting grassroots mineral exploration in bc. Home renovation tax credit for seniors and persons with disabilities. Definition of flow through shares. The tax credit is 25 per cent (10 per cent provincial and 15 per cent federal).