Victoria, B.C., Canada – The provincial budget announced today maintains a fiscal platform for establishing B.C. as a globally competitive jurisdiction for mineral exploration and development.
“Mineral exploration and development provide real and significant socio-economic opportunities and benefits to communities and First Nations in all regions of B.C., and are essential to discovering the metals and minerals required for a low-carbon future,” notes Ms. Edie Thome, President & CEO of AME. “The mining flow-through share program, as extended for a one-year term in today’s budget is one component of reinforcing B.C.’s competitiveness on the world stage.” This incentive allows individuals who invest in flow-through shares to claim a non-refundable tax credit of 20% of their B.C. flow-through expenditures.
AME will continue to work with the B.C. Ministry of Energy, Mines and Petroleum Resources and Minister Michelle Mungall to encourage exploration and development investment as well as geoscience research and technical assessments in B.C.
“We appreciate our working relationship with the Minister and her staff in supporting B.C.’s socially responsible mineral exploration industry, which provides benefits for all British Columbians,” says Dr. ’Lyn Anglin, Chair of the Board of Directors for AME.
“We will continue to advocate for the government to provide the fiscal resources that are required to facilitate the Minister’s mandate of creating a viable and sustainable future for the mineral exploration and development industry in British Columbia, an industry that all British Columbians can be proud of.”
AME is the lead association for the mineral exploration and development industry based in British Columbia. Established in 1912, AME represents, advocates and promotes the interests of thousands of members who are engaged in mineral exploration and development in B.C. and throughout the world. AME encourages a safe, economically strong and environmentally responsible industry by providing clear initiatives, policies, events and tools to support its membership.
Director, Corporate Affairs, AME