Legislation pertaining to the taxation of minerals mined in the Province of British Columbia

Sets out the form of the Mineral Tax Return and Placer Short Return

Describes allowable costs for calculating Net Current Proceeds and the Cumulative Expenditure Account

Explains the rules for the optional joint election of a vendor and purchaser to "roll over" an interest in a mine at a deemed transfer price for Mineral Tax purposes. The deemed proceeds/acquisition price is equal to the vendor's Cumulative Expenditure Account at the time of the transactions. Other Mineral Tax account balances may also be transferred from the vendor to the purchaser under this regulation.

Describes interest rates and calculation used for purposes of the Mineral Tax Act.

Explains the rules for calculation of the Reclamation Cost Account and Reclamation Tax Credit Account, and sets out the related schedules.

Describes the rules pertaining to the use of pool balances existing at December 31, 1989 under precedent legislation.

Sets out the election form for partners to file a single Mineral Tax Return for a partnership.

Sets out the election form for Quarry Operators to file as an Operator not a Quarry Operator.