Canada: British Columbia’s 2016 budget enacted

Canada: British Columbia’s 2016 budget enacted

Legislation implementing certain measures in British Columbia's 2016 budget received Royal Assent on 10 March 2016.

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The legislation includes measures to:

  • Extend the mining exploration tax credit to the end of 2019 
  • Extend the B.C. mining flow-through share tax credit to the end of 2016
  • Increase the property transfer tax rate on the portion of the property's value that exceeds $2 million (Canadian dollars)

 

Read a March 2016 report [PDF 47 KB] prepared by the KPMG member firm in Canada: 2016 B.C. Budget Bill Receives Royal Assent  

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