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.
July 19, 2018
The Petrinex B.C. website at www.gov.bc.ca/petrinex is expanded and updated to include:
- A new homepage introducing B.C.’s transition to Petrinex and online services for oil and gas royalties and tax
- Information on Petrinex registration and data conversion files
- A new page dedicated to invoicing and payment changes, including the first in a series of new information notices
- A webinar on new invoice and file formats
We are issuing a series of notices to help you prepare for the transition to Petrinex. These notices will be posted to our website at www.gov.bc.ca/petrinex as they become available.
Oil & Gas Transition Notice 001, Reporting, Invoicing and Payment Due Dates, explains due date changes you need to be aware of leading up to the implementation of Petrinex, beginning with the July 2018 production month.
Information Letter 2018-01, 2018 Industry Reporting Calendars, has also been updated to reflect these due date changes.
Past updates by year
To view all the past updates, click Expand All below.
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
January 23, 2018
Information Letter 2018-01, 2018 Industry Reporting Calendars, provides oil and natural gas industry reporting due dates for 2018.
January 31, 2017
Information Letter 2017-02, Changes 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 2017-01, 2017 Industry Reporting Calendars, provides oil and natural gas industry reporting due dates for 2017.
December 29, 2016
Information Letter 2016-02, Changes 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 2015-05, Gas 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 2015-04, Reporting 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 002, Appeals, 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
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 002, Appeals, have been updated to make it easier for you to find the information you need.
Form FIN 298, Appeal 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.
Information Letter 2015-02, Producer Cost of Service Reporting Procedures for Shared Equipment
Information Letter 2015-01, 2015 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.
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
Effective April 1, 2014, there are changes to the Deep Royalty Program and the Ultramarginal Royalty Program
Information Letter 2014-01 2014 Industry Reporting Calendars