Canada’s Mining Fiscal Regime 2018 - A Focus on Governing Bodies, Taxes, and Royalties
Summary
Canada is one of the world’s largest mining destinations, producing more than 60 minerals and metals. The country’s mining industry is governed by several departments and agencies of the provincial government. Canadian provinces have separate governing laws regulating the industry.
The Canada Revenue Agency (CRA) manages various social and economic benefit programs, and administers tax laws in the country. CRA released guidelines in 2017 to determine the tax treatment for Certain Exploration Expenses (CEE).The guidelines provide insight into how CRA will determine whether environmental study expenses, community consultation expenses, and feasibility study expenses incurred by mining companies at the exploration stage will qualify as CEE.
The Department of Energy is the country’s primary natural resources governing body. The Ministry of Energy, Mines and Petroleum Resources regulates the British Columbian mining industry. The Department of Natural Resources is responsible for the development, management, conservation, and protection of forest, mineral, parks, and wildlife resources in Nova Scotia.Provinces in Canada have separate acts and regulations set up for the development of the mining industry. Various taxes, including Corporate Income Tax, Sales, and Withholding Tax, are applicable to the companies operating in the country.
"Canada’s Mining Fiscal Regime 2018", covers the country's governing bodies, laws, lease and licenses and taxes and royalties related information on various mineral commodities.
Scope
Reasons to buy
Summary
Canada is one of the world’s largest mining destinations, producing more than 60 minerals and metals. The country’s mining industry is governed by several departments and agencies of the provincial government. Canadian provinces have separate governing laws regulating the industry.
The Canada Revenue Agency (CRA) manages various social and economic benefit programs, and administers tax laws in the country. CRA released guidelines in 2017 to determine the tax treatment for Certain Exploration Expenses (CEE).The guidelines provide insight into how CRA will determine whether environmental study expenses, community consultation expenses, and feasibility study expenses incurred by mining companies at the exploration stage will qualify as CEE.
The Department of Energy is the country’s primary natural resources governing body. The Ministry of Energy, Mines and Petroleum Resources regulates the British Columbian mining industry. The Department of Natural Resources is responsible for the development, management, conservation, and protection of forest, mineral, parks, and wildlife resources in Nova Scotia.Provinces in Canada have separate acts and regulations set up for the development of the mining industry. Various taxes, including Corporate Income Tax, Sales, and Withholding Tax, are applicable to the companies operating in the country.
"Canada’s Mining Fiscal Regime 2018", covers the country's governing bodies, laws, lease and licenses and taxes and royalties related information on various mineral commodities.
Scope
- The report outlines the governing bodies, laws, lease and licenses and key fiscal terms which includes royalties, corporate tax, withholding tax, depreciation, and sales tax.
Reasons to buy
- To gain an overview of Canada's mining fiscal regime
- To indentify Canada's governing bodies, major laws in the industry, lease and licenses
- To Identify Major taxes and royalty rates applciable in the country.
Table of Contents
1 Table of Contents2. Canada’s Mining Fiscal Regime: Executive Summary3. Canada’s Mining Fiscal Regime: Ease of Doing Business
4. Canada’s Mining Fiscal Regime: Governing Bodies
5. Canada’s Mining Fiscal Regime: Laws and Regulations
6. Canada’s Mining Fiscal Regime: Leases and Licenses
7. Canada’s Mining Fiscal Regime: Taxes and Royalties
8. Appendix
List of Tables
List of Figures
