Hot Tip Of The Week New Study:
Vancouver needs 74% of income to buy the average home priced at $895,000.
The rest of BC - on average nees 68%.
The north...only 32.3%
Why North?
1. Mining exploration in the North is up to 450 Million up from 21 million in 2001
2. Premier Campbell announced a new provincial government program he calls Quest -West:
"It will help us to discover untapped mineral potential, attract new investment and support the economic diversification of pine beetle affected communities in B.C."
3. The Mining Exploration Tax Credit program and Exploration Investment Tax Credit for flow through investors - when added to the regular 100% deductions, are equivalent to a 141% exploration expense deduction for income tax purposes.
Further, eligible expenses incurred in mining exploration in prescribed Mountain Pine Beetle affected areas will be eligible for an enhanced 30% tax credit. This means that for every $100 spent on exploration in pine beetle areas, $171 can be written off ($100 for the tax credit program and $71 in flow through tax credits).
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