News and Insights

British Columbia Notices re: Carbon Tax

Tax Development Jun 10, 2010

The Ministry of Finance has issued three new notices concerning the administration of Carbon Tax in British Columbia.

Notice 2010-007, “Notice to Natural Gas Producers and Processors: Flared or Incinerated Natural Gas, and Acid or Waste Gas” explains how carbon tax applies to natural gas, and acid or waste gas when flared or incinerated at a wellhead or processing facility.  

Notice 2010-009, “Notice to Deputy Collectors and Retail Dealers – Fuel Inventory” explains that effective July 1, 2010, the carbon tax rates that apply to the purchase or use of fuels in British Columbia will increase. The notice explains the responsibilities that deputy collectors and retail dealers have for calculating and remitting the additional security due on fuel inventory.  

Notice 2010-010, “Application of Penalty and Interest for Overdue Carbon Tax Returns”, has been issued to advise taxpayers that, effective July 1, 2010, the ministry will implement its delinquency process for late and/or underpaid carbon tax returns.  

BC Notice 2010-007
BC Notice 2010-009
BC Notice 2010-010