T1231 - BC mining flow-through share tax creditTo claim the British Columbia mining flow-through share tax credit, select Interview setup from the "Left side menu of the Interview tab ", and choose the "Interest, investment income" group. From the "Investment income and expenses" Group, check the box "Income from partnerships, tax shelters (T5013, T101, T5003, T1CP)" and click on "Next".
Go back to "Interview" and select the section "Partnerships, tax shelters". Select "T101 - Statement of resource expenses".
You may claim this credit if you invested in flow-through shares and BC flow-through mining expenditures (BC qualifying expenses) have been renounced to you. Your BC qualifying expenses are shown in box 141 on the Information Slip T101 (Statement of Resource Expenses) that you received from a mining exploration corporation,
or
in box 197 of Information Slip T5013 (Statement of Partnership Income) that you received as a member of a partnership.
The program will report the tax credit calculated on line 9 of Form "T1231 - British Columbia Mining Flow-Through Share Tax Credit" on line 68810 of Form BC428.
For further information please consult:
https://www2.gov.bc.ca/gov/content/taxes/income-taxes/personal/credits/mining-flow-through
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