Interest rates for mineral tax
Last updated on November 21, 2024For 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 | 9.95 | 6.70 | 5.45 | 5.45 | 6.95 | 6.45 | 5.70 |
| October 1 – December 31 | 9.45 | 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 | 4.95 | 1.70 | 0.45 | 0.45 | 1.95 | 1.45 | 0.70 |
| October 1 – December 31 | 4.45 | 5.20 | 3.45 | 0.45 | 0.45 | 1.95 | 1.70 | 1.20 |
Make a payment
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.
Investment allowance rate calculator
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
Victoria Office
250-952-0192
250-952-0192
Fax
250 952-0191
250 952-0191
Toll Free
1-800-667-1182
1-800-667-1182
Mailing
Mineral, Oil & Gas Revenue Branch
Ministry of Finance
PO BOX 9328 Stn Prov Govt
Victoria B.C. V8W 9N3