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Natural Resources

This section will provide you information about the various Natural Resources programs run by the Ministry of Finance:

  1.  Forest Revenue

The Forest Revenue Branch collects and manages revenues on behalf of the Ministry of Forests and Range.

 2. Oil and Gas Commission Levies

The British Columbia Oil and Gas Commission is funded by industry through a range of fees and a levy on production. The Commission acts as a single-window regulatory and permitting agency for the upstream oil and gas industry and pipelines.

 3. Oil and Gas Royalties and Freehold Production Tax

The ministry assesses, collects, verifies and reports Crown royalties and freehold production taxes payable by the petroleum industry.

 4. Mineral Tax

Mineral Tax is levied on operators of mines (including placer mines) and quarries. Its purpose is to provide a return to the province from commercial use and depletion of the province's coal and mineral resources.

  5.  Mineral Land Tax

The Mineral Land Tax is tax levied on the small number of land owners in the province granted mineral rights under land before 1950. These are known as freehold mineral rights.

 6. Mine Health and Safety Inspection Fee

The Mine Health and Safety Inspection Fee is collected by the Ministry of Finance on behalf of the Ministry of Energy and Mines.

 7. Forest Revenue Audit Program

The Forest Revenue Audit Program (FRAP) helps ensure the province receives the money owing to it from the harvesting of Crown timber.

 
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