BC extends provincial flow-through tax credit for a year; resumes fight against Canadian oil

The British Columbia provincial government has released its Budget 2018 plan, confirming that the provincial flow-through exploration tax incentive will be extended for another year until the end of this year. The mining flow-through share programme is seen as critical to reinforcing the province's competitiveness on the world mining stage. The incentive allows individuals who invest in flow-through shares to claim a nonrefundable tax credit of 20% of their British Columbia flow-through expenditures.