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PAC Accounts FAQ - Mineral Titles

Last updated on June 30, 2022
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What is PAC and how can I apply for one?

PAC stands for Portable Assessment Credit and can be applied to technical exploration and development.  

If you are a recorded holder, contact our office to apply for a PAC account. For more information, see section 9 of the Mineral Tenure Act Regulation.

 

How can I find out the value of my PAC account?

Contact our office to request a copy of your PAC statement.

 

How can I use my PAC account?

There are 2 ways of applying PAC to your claim:

  1. When registering technical work, you can add 30% of your total work required to your total work value to advance your claim expiry date.
  2. If there has been at least 10 years of work recorded on a claim, you can apply credits from your PAC account to maintain the claim for up to 5 years.

See Information Update 20 - Claim Maintenance PAC for more details about using portable assessment credits.

 

Can I apply 100% PAC to my claims?

Yes, under certain conditions. See Information Update 20 - Claim Maintenance PAC for details.

 

I am a recorded holder of a mineral title. Can I earn PAC credits?

As a recorded holder of a mineral title, you can request a PAC account. If a PAC account is set up, credits can be earned and credited to your PAC account when you register technical exploration work on your claims.

 

A technical work report has been approved and I do not have enough PAC credits to apply to the claim to advance the good to date by one year. Can I use PAC credits from another PAC account?

Only a recorded holder of the claim can apply the PAC credit.

If there is more than one recorded holder on a claim, the other recorded holder’s PAC credits may be applied.

If the other PAC account holder is not a recorded holder of the claim, then their PAC credit cannot be applied.

 

I have a PAC account and would like to transfer the credits to another account. How can I transfer the PAC credits?

As of May 01, 2022, PAC credits are not longer transferrable. Current legislation does not authorize the transfer of PAC credit.

 

I have performed the technical exploration and development and earned PAC credit, but I don’t have a PAC account. How can I get a PAC account created in my name?

If you are a recorded holder of any claim in BC, you can apply to have a PAC account created in your name by sending an email request to Mineral Titles Branch at Mineral.Titles@gov.bc.ca.

 

A claim is owned by more than one recorded holder. Who can earn and redeem PAC credits?

Any of the recorded holders of a claim or the person doing the technical exploration and development can credit or debit their PAC account.

The recorded holder(s) must contact the Mineral Titles Branch and let us know which PAC account is to be used for any debits or credits once a technical report has been approved.

 

I am a recorded holder of a group of claims. I completed technical work on my claims and adjoining claims owned by another recorded holder. Can both recorded holders earn and use credits from their individual PAC accounts?

Yes.

Both recorded holders can earn PAC credits or apply PAC credit from their accounts to the claims. In addition, the person who did the technical exploration and development can also earn PAC credits if they have a PAC account.

Recorded holder(s) must contact the Mineral Titles Branch and let us know which PAC account is to be used for any debits and credits once a technical report has been approved.

 

I have completed technical work for a recorded holder but I do not have a PAC account. Can I apply to have a PAC account created?

Under section 9(1) of the Mineral Tenure Act Regulation, only a recorded holder can apply to have a PAC account created in their name.

If you are a recorded holder of any claim in the province of BC, you can apply for a PAC account.

If you have an existing PAC account, you can earn PAC credit as defined under Section 9(2) of the Mineral Tenure Act Regulation.

 

A company has registered a change of name with the BC Registry. Can the PAC account be transferred to the new company name?

Once Mineral Titles Branch receives a BC Registry certificate regarding a company change of name or amalgamation, all associated PAC accounts will be updated to reflect the new name.

 

A free miner has recently passed away. What happens to their PAC credits?

Once a free miner has deceased, their PAC credits are no longer available, and their PAC account is closed.

 

 

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