Budget 2022 Enhances Industry Decarbonization Programs but Misses Opportunity to Address Competitiveness Challenges for B.C.’s Low-Carbon Mines and Smelters  

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Vancouver, B.C. – While Budget 2022 increased funding for industry decarbonization programs it also missed an opportunity to implement urgent policy changes to B.C.’s carbon tax to improve the competitiveness of mining and smelting and other trade-exposed industries in B.C., according to the Mining Suppliers Association of B.C. (MSABC).  

Budget 2022 highlighted the need to redesign the CleanBC Program for Industry to align it with new federal carbon pricing rules and promote a more competitive business environment for trade-exposed industries. However, future changes and enhancements to the program are not certain and will only be considered after a year-long consultation process. B.C. is the only global mining jurisdiction with a comprehensive carbon tax that does not provide meaningful carbon pricing support to trade-exposed industries like mines.  [...]  READ MORE ➔

Important Tax and Training Measures Advanced in BC Budget 2018

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Vancouver, B.C. —  The Mining Suppliers Association of British Columbia (MSABC) supports several tax and training measures in Budget 2018 aimed at attracting investments in exploration and mining as well as preparing our workforce to capitalize on new development opportunities.

Budget 2018 extends the Mining Flow-Through Share Tax Credit for one year, to the end of 2018. “The extension of the Mining Flow-Through Share Tax Credit will help companies raise money for a variety of exploration activities,” said Rodger McLean, Chair of MSABC. “From project planning, equipment transport to finally drilling and testing core samples, B.C. companies that provide supplies and services for mineral exploration and mining activities will benefit from Flow-Through Share investments in 2018.” [...]  READ MORE ➔