Filing the BC-51, Net Profit Monthly Allowable Capital and Operating Costs
The BC-51 is used by facility operators to report monthly operating costs on an approved project under the Net Profit Royalty Program. This data is used to calculate your net profit royalty.
You submit a BC-51 to report your operating costs for each month they were incurred, including the project application month. You must include the operating costs of all your royalty or tax paying partners in the approved project. Provide a copy of your completed BC-51 to your project partners so they know what costs have been reported on their behalf.
We use your total reported costs to maintain allowable cost balances and to calculate project tier payout balances for each producer.
You must file your BC-51 by the last day of the second month following the month the costs were incurred.
If the due date falls on a Saturday, Sunday or statutory holiday, the due date is the next business day.
If you file your reports after the due date, you may be charged late filing penalties.
If you need to amend your BC-51, contact us to find out how to make an amendment.
Keep working papers and supporting documentation until you obtain written permission for their disposal in the event that you are audited.
If you have any questions, email us at Oil&GasRoyaltyQuestions@gov.bc.ca