Teck Metals Ltd. wins major tax ruling against B.C. Ministry of Finance It enables the company to deduct millions of dollars in production costs at the giant Highland Valley mine near Kamloops by Charlie Smith on December 27th, 2020 at 8:48 AM 1 of 1 2 of 1
B.C. s largest mining company may have significantly more money to either reinvest or return to its shareholders in the form of dividends.
That s because Teck Metals Ltd., a subsidiary of Vancouver-based Teck Resources, has won a tax ruling against the B.C. Ministry of Finance in B.C. Supreme Court.
The provincial tax collector previously ruled that Teck could only write off 50 percent of its exploration costs on the Galore Creek Mine on its 2011 and 2012 tax returns.