Updates to natural resource taxes
Last updated on August 30, 2024Not subscribed for tax updates yet? Sign up here.
On this page
- Stumpage and export fees
- Mining taxes
- Oil and natural gas royalties and taxes
- Royalty transition 2022–2024
Note: Updates to logging tax are under Income taxes
Stumpage and export fees
2024 updates will be posted here.
Mining taxes
April 16, 2024
Interest rates have been updated for mineral tax, mineral land tax, and mine and inspection fee.
Oil and natural gas royalties and taxes
June 26, 2024
The Oil and gas royalties and freehold production tax web pages have been updated to include the latest information on oil and gas regulations and have been reorganized for clarity and easier navigation.
This update includes the following new web pages:
- Understanding oil royalty calculations
- Understanding natural gas royalty calculations
- Contact information
As part of this update, the Oil and Gas Royalty Handbook has been incorporated into the Oil and gas royalties and freehold production tax web pages.
Check out the new layout and update any bookmarks you may have.
Royalty transition 2022–2024
August 30, 2024
The B.C. oil and natural gas royalty transition web pages have been updated to reflect that the royalty framework transition period has been extended until December 31, 2026 and the new royalty framework will take effect January 1, 2027. The transition period has new provisions for new and existing wells, including for oil wells and dry gas wells with a spud date on or after September 1, 2024.
April 5, 2024
The B.C. oil and natural gas royalty transition pages have been updated to clarify that oil wells are not impacted during the transition and remain under the existing royalty system. This includes updates to the following pages: