09/15/2026
MABC welcomes the Government of Canada’s announcement on the Productivity Mega Deduction.
“For British Columbia's mining sector, this has the potential to significantly strengthen the investment case for new mine developments, mine expansion projects, and refining and processing facilities in British Columbia. Today’s announcement is truly game changing.
“British Columbia has or produces 22 of the 34 critical minerals on Canada’s critical mineral list and is home to world class mineral projects requiring substantial upfront capital investment years before revenue is generated. The proposed measure will allow for the immediate deductibility of a broad range of eligible assets including machinery, equipment, and infrastructure used to build, operate, modernize, or expand mines, along with equipment used in mineral processing and refining.
“For British Columbia’s mining industry, early access to these deductions will improve project economics, enhance cash flow, reduce the effective cost of investment, and help attract the capital required to move projects expeditiously into construction. BC competes with other global mining jurisdictions for the investment needed to meet the growing demand for critical minerals essential for our economic and national security.
“BC has the critical minerals, precious metals, and steelmaking coal the world needs, a skilled and educated workforce, cost-effective infrastructure and clean electricity, strategic access to global markets, First Nations partnerships, and development opportunities needed to support Canada's economic and strategic priorities all within a stable common-law jurisdiction. BC mining expertise has supported global and domestic mining projects for decades. The Productivity Mega Deduction announced today will accelerate BC’s preferred position as a place to invest across the full mining value chain.
“MABC appreciates the Prime Minister’s and Government of Canada’s leadership in adopting this very welcome tax incentive.”
Read the statement here ➡️ https://mining.bc.ca/media-statement-new-federal-productivity-mega-deduction/