Bc mineral tenures online dating calgary free dating sites
This schedule guides you through the process of calculating your portion of your partnership’s METC. 1, 2017, you must claim the credit within 36 months after the end of the tax year in which the expenses occurred.
To claim the METC, all expenses must be incurred before Jan. For example, if you incurred qualifying exploration expenses in November 2016, the last day of that tax year is Dec. As a result, you must claim those expenses by the last day of 2019. 1, 2017, you must claim the METC within 18 months after the end of the tax year.
Include both of these schedules with your T2 Corporation Income Tax Return when you submit it to the Canada Revenue Agency.
If you are a member of an eligible partnership, you must also complete Schedule T1249, British Columbia Mining Exploration Tax Credit Partnership Schedule, and submit it with your return.
If you do qualifying exploration work in an area affected by the mountain pine beetle, you become eligible for the expanded METC, worth 30% of expenses.
Since the early 1990s, this beetle has killed roughly half of the commercial lodgepole pine in British Columbia, and it has also begun attacking jack pine.
Carmax’s flagship asset is the Eaglehead copper project, 48 km east of Dease Lake, BC, which it has been working on since roughly 2002.
The company has invested .3 million in the project, and it amalgamated the 34 mineral concessions that constitute Eaglehead in March 2015, into claim No. It appears that someone at Carmax neglected to read the fine print: when you merge claims, the combined land package inherits the earliest expiration date of all the individual tenures.
This includes searching for the presence or exact location of a mineral resource and investigating the extent or quality of a mineral resource such as coal, base metals, precious metals, or industrial minerals.
For example, prospecting, geological surveying, and preliminary sampling are all considered eligible expenses.