What’s New in B.C. Oil & Gas Royalties and Taxes

Updates to oil and gas royalties and tax information are posted here. This includes oil and natural gas royalties, freehold production tax, commission levy and orphan site reclamation fund tax.

Read the most recent update below and browse past updates by year.

Latest updates

February 20, 2018

The provincial government announced its 2018 Budget today. Programs administered by the Mineral, Oil & Gas Revenue Branch are amended as a result. Learn more at B.C. Provincial Budget Tax Changes.

February 1, 2018

The Petrinex BC website at www.gov.bc.ca/petrinex is updated to add:

  • The Petrinex Communication and Readiness Handbook
  • Information on the Petrinex BC Change Leader Program and how to update your Petrinex BC contact
  • Change Leader meeting presentations

Past updates by year

To view all the past updates, click Expand All below.

January 23, 2018

Information Letter 2018-012018 Industry Reporting Calendars, provides oil and natural gas industry reporting due dates for 2018.

January 31, 2017

Information Letter 2017-02Changes to Monthly Oil Sales Statement (BC-09) Electronic Submissions: CSV File Format, explains the changes that will be reflected on the first run invoices in February 2017.

January 19, 2017

Information Letter 2017-012017 Industry Reporting Calendars, provides oil and natural gas industry reporting due dates for 2017.

December 29, 2016

Information Letter 2016-02Changes to CSV File Layout for Gas Royalty Invoices (BC-08), explains the changes that will be reflected on the first run invoices in February 2017.

December 20, 2016

B.C. is joining Petrinex to improve how information about the oil and natural gas industry is reported and managed. The system is expected to be in place in B.C. by October 2018. Learn more about the Petrinex B.C. Inclusion Project.

June 23, 2016

Possible Postal Service Disruption

If there is disruption to postal services, you are still responsible for filing your returns, claiming grants, applying for programs or refunds, and making payments on time.

Find out more.

November 05, 2015

Information Letter 2015-05Gas Cost Allowance Reporting Procedures, explains that operators of producer-owned gas plants who have one or more producer-owned sales lines are required to submit separate BC-23, Gas Cost Allowance applications: one for the producer-owned gas plant and one for the producer-owned sales lines.

September 24, 2015

Information Letter 2015-04Reporting Prorated Condensate on the BC-S1 Monthly Production Statement, provides specific information for operators on the new requirement to report prorated condensate production volumes each month on the BC-S1. This requirement is effective the January 2016 production month.

September 03, 2015

Information Letter 2015-03, BC-30 Oil Purchases Summary, and Form 20, Monthly Crude Oil and Condensate/Pentanes Plus Purchasers’ Statement, explains that, effective immediately, you are no longer required to submit the BC-30 and Form 20 to verify production and royalties.

July 23, 2015

Bulletin GEN 002Appeals, has been revised to remove reference to the Residential Energy Credit and Rebate Program and Hotel Room Tax.

June 5, 2015

The Liquefied Natural Gas Income Tax (LNGIT) regulations are now available.

The LNGIT regulation provides information on computing the cost of natural gas notionally acquired at an LNG facility inlet meter, gives circumstances in which a bond may not be required, sets out factors considered in determining the amount of the bond, provides how to compute interest on amounts payable and prescribes credits that are not financial incentives for the purposes of the LNGITA.

The Bonding Act regulation is also amended to include the LNGITA and sets out the types of security that can be posted as a bond.

New information is available about transportation costs allowable and not allowable in determining natural gas notionally acquired at an LNG facility inlet meter, and how feedstock pipeline inlets will be designated in determining the costs of natural gas notionally acquired at an LNG facility inlet meter.

The Natural Gas Tax Credit regulation has been added to the Income Tax Act. The regulation allows for a natural gas tax credit of up to a total of 3 percent of the cost of natural gas acquired at the LNG facility inlet meter.

March 25, 2015

The Province introduced the Liquefied Natural Gas Income Tax Amendment Act, 2015 today. The legislation adds administrative provisions to the Liquefied Natural Gas Income Tax and also amends the Natural Gas Income Tax Credit in B.C.'s Income Tax Act.

Check out the new LNG Income Tax website at www.gov.bc.ca/lngincometax

March 2015

Bulletin PNG 006, Net Profit Royalty Program has been revised to clarify that participants automatically advance to Tier 1 after 10 years

February 3, 2015

The Appeals webpages and Bulletin GEN 002Appeals, have been updated to make it easier for you to find the information you need.

Form FIN 298Appeal to Minister, is a new form you can use to file an appeal related to an assessment, disallowed refund or other decision made by the Ministry of Finance.

January 2015

Information Letter 2015-02, Producer Cost of Service Reporting Procedures for Shared Equipment

Information Letter 2015-012015 Industry Reporting Calendars, provides oil and natural gas industry reporting due dates for 2015.

Industry Bulletin 2014-18 advises of changes to the Oil and Gas Commission Levy rates effective January 2, 2015.

September 22, 2014

Check out our new website at www.gov.bc.ca/oilandnaturalgastaxes

This site was designed with you in mind and will make it easier for you to find the information you need.

July 2014

Effective July 2014, PNG008 Minimum Royalty Program has been revised

Effective July 2014, PNG001 Royalty Programs for Deep Gas Wellshas been revised

Effective July 2014, IL2014-02, there are changes to the Ultramarginal Royalty Program

April 2014

Effective April 1, 2014, there are changes to the Deep Royalty Program and the Ultramarginal Royalty Program

January 2014

Information Letter 2014-01 2014 Industry Reporting Calendars