Pay Your Oil & Natural Gas Royalties & Tax

Oil and natural gas producers, also known as royalty payors, must pay all estimated and invoiced royalties by the due date for each production month they are payable.

To be able to remit your payment for oil or natural gas, you will need a client code.

Find out how to manage your royalty account(s) and look up your royalty reports online.

How to Pay

When you pay your royalties, including any penalties or interest you owe, your payment must be accompanied by a completed online or paper BC-15, Petroleum and Natural Gas Remittance Advice. You can pay the following ways:

By Mail or In Person

You can pay your royalties by mailing or delivering a cheque, bank draft or money order made payable to the Minister of Finance. Do not mail cash.

You must include a completed BC-15 form with your payment. Write your account number on your payment so we can match your payment to your account. If you mail or courier your payment, place your cheque on the top of the report package.

Send your payment to:

Calgary
P3 Deposit, Lower Level
Canadian Imperial Bank of Commerce
CIBC Place
309 8TH AVE SW
CALGARY AB  T2P 2P2

Victoria
Mineral, Oil and Gas Revenue Branch
Ministry of Finance
PO BOX 9328 STN PROV GOV’T
VICTORIA BC  V8W 9N3

Payments received in Calgary after 3:00 p.m. or in Victoria after 4:30 p.m. (local times) on the due date are considered received as of the next business day and will be charged interest.

Electronically

You can pay your royalties at most banks and other financial institutions. You may be charged a fee for this service.

Ask your financial institution to confirm that your payment will be processed by the due date.

To send us a payment electronically, your bank will need our account information:

Direct Deposit, Electronic Fund Transfer (EFT), Wire Transfer
Bank Name: CIBC (Canadian Imperial Bank of Commerce)
Bank Address: CIBC Main Branch,
#309 - 8th Ave SW,
Calgary, AB  T2P 2P2
Account Name: Province of BC, Energy Mines & Petroleum Resources
Bank No: 010
Swift Code: CIBCCATT
Transit No: 00009
Account No: 09-77217
CAD or US: CAD

Manage Your Accounts

The following resources are available to help you keep track of your oil and natural gas royalty accounts:

Statement of Account

You will receive a monthly statement of account (PDF) that shows your account activity, such as:

  • Oil royalty account balances (owing/overpaid)
  • Natural gas royalty account balances (owing/overpaid)
  • Estimate account balances
  • Cash suspense account balances
  • Interest and/or penalty charges (if applicable)
  • Summer Drilling Credit (if applicable)
  • Road Allowance Credit (if applicable)

Review your statement of account carefully each month as this can help you keep on top of any penalties and reduce any potential interest.

Estimate Account

Your estimate account is a projected balance of what you estimate you may owe in combined royalties for the coming month.

You must have one month’s estimate of oil and gas royalties in your estimate account at all times. Review your balance regularly to make sure your estimate account contains enough funds to avoid interest charges.

You must adjust your estimate account monthly according to changes such as market price fluctuations, acquisitions and dispositions. You use the BC-15 to adjust your estimate account as needed.

You can use the BC Gas Royalty Estimator (includes the minimum royalty calculations) to assist you in estimating your natural gas royalties payable. This tool cannot be used as a reporting form.

Royalty Analyst

Once you have been set up as a payor, we will assign a royalty analyst who will be able to assist you with your account. The name of your analyst is included in your confirmation email. If you can’t remember the name of your analyst, contact us.

Refunds

You may submit a written request for a refund to:

Mineral, Oil and Gas Revenue Branch
Ministry of Finance
PO BOX 9328 STN PROV GOV’T
VICTORIA BC  V8W 9N3
Attn: Manager, Petroleum Operations

Note: Refund requests can only be processed once the full validation of your information has been completed.

Overdue Royalties

If you have a balance of royalties that has not been paid by the due date, find out how to pay your overdue royalties.