Interest rates for mineral tax
Last updated on April 16, 2024
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For overdue balances and credits interest rates are set on a quarterly basis each year.
Overdue balances
If you paid your taxes after the due date, you’ll be charged interest at these rates:
| Quarter | Year | |||||||
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
| January 1 – March 31 | 10.20 | 9.45 | 5.45 | 5.45 | 6.95 | 6.95 | 6.20 | 5.70 |
| April 1 – June 30 | 10.20 | 9.70 | 5.70 | 5.45 | 5.95 | 6.95 | 6.45 | 5.70 |
| July 1 – September 30 | 9.95 | 6.70 | 5.45 | 5.45 | 6.95 | 6.45 | 5.70 | |
| October 1 – December 31 | 10.20 | 8.45 | 5.45 | 5.45 | 6.95 | 6.70 | 6.20 | |
Note: Interest was not charged on any outstanding balances from March 24 to September 20, 2020.
Credits
If you overpaid your taxes by more than $10.00, you’ll earn interest at these rates:
| Quarter | Year | |||||||
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
| January 1 – March 31 | 5.20 | 4.45 | 0.45 | 0.45 | 1.95 | 1.95 | 1.20 | 0.70 |
| April 1 – June 30 | 5.20 | 4.70 | 0.70 | 0.45 | 0.95 | 1.95 | 1.45 | 0.70 |
| July 1 – September 30 | 4.95 | 1.70 | 0.45 | 0.45 | 1.95 | 1.45 | 0.70 | |
| October 1 – December 31 | 5.20 | 3.45 | 0.45 | 0.45 | 1.95 | 1.70 | 1.20 | |
You can pay your tax:
- Online through your eTaxBC logon
- Through your bank or financial institution
- At a government office
- By mail
- By courier
If you can’t pay in full, contact us to request a short-term payment arrangement.
You can claim the investment allowance while you are producing minerals from your mine. To determine your investment allowance rate use the online investment allowance rate calculator.
Contact information
250-952-0192
250 952-0191
1-800-667-1182