The Association for Mineral Exploration BC BC today thanked the federal government for its continued support of the mineral exploration tax credit, and reducing red tape. The federal budget includes an extension to the 15 per cent Mineral Exploration Tax Credit to March 31, 2012. This important tax credit helps companies raise capital by providing an incentive to individuals who invest in flow through shares for mineral exploration in Canada.
Basi and Virk have obviously profited to the tune of around six million dollars. Since they have pled guilty in the BC Rail fiasco, it is obvious that a crime was committed. If their legal bills are being paid by someone else, then that is a profit to them, therefore illegal.
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