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Canada Mining Fiscal Regime Market H1 2014 Analysis Report

Canadian fiscal regime report outlines governing bodies, governing laws, licenses, rights and obligations and tax-related information on 12 commodities: coal, iron ore, copper, zinc, bauxite, gold, silver, nickel, chromium, manganese, uranium and platinum.

Summary

Canada has abundant natural resources, including iron ore, nickel, zinc, copper, gold, lead, molybdenum, diamond, silver, coal, petroleum and natural gas. The country's mining industry is governed by several departments and agencies of the provincial government. Canadian provinces have several separate governing laws regulating the mining industry.

Scope

The report outlines Canada's governing laws, mining licenses and rights, key fiscal terms which includes royalty, annual rents, corporate income tax, provincial income tax, branch profit tax, withholding tax, capital gains, goods and service tax / harmonized sales tax (HST), depreciation and other provincial taxes.

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Key highlights

  • The Coal and Mineral Development Unit of the Department of Energy is responsible for the issuance and administration of exploration and production agreements for Alberta-owned coal.
  • The Ministry of Energy and Mines holds the authority for mining activities in British Columbia. The Mining and Minerals Division is accountable for devising and implementing policies, regulations and programs.
  • The Department of Natural Ressources is accountable for the development, management, conservation and protection of forests, minerals, parks and wildlife resources, and the administration of the province's Crown land.
  • The Ministry of Northern Development and Mines is responsible for the development of mines in northern Ontario. It ensures healthy, competitive and sustainable development of the mineral industry in the province.
  • The Ministère des Resources naturelles is responsible for providing information on the development and promotion of land and mineral resources in Quebec. It also ensures the development and rational utilization of forestry, mining and mineral resources.

Reasons to buy

Gain an overview of Canada's mining fiscal regime.

Complete report available @ http://bit.ly/PMXDzc.

Table of Contents

1 Executive Summary 1

2 Canada's, Governing Body 5
2.1 Alberta 5
2.2 British Columbia, Ministry of Energy and Mines 5
2.3 Nova Scotia, Department of Natural Resources 5
2.4 Ontario, Ministry of Northern Development and Mines 5
2.5 Quebec, Ministère des Ressources naturelles et de la Faune 5
2.6 Newfoundland and Labrador, Department of Natural Resources 6
2.7 New Brunswick, Department of Natural Resources and Energy (DNRE) 6
2.8 Saskatchewan, Minerals, Lands and Policy Division 6
2.9 Manitoba, Department of Innovation, Energy and Mines 6
2.10 Yukon, Department of Energy, Mines, and Resources 6
2.11 Northwest Territories 7
2.12 Northwest Territories (NWT) and Nunavut Chamber of Mines 7

3 Canada's, Governing Laws 8
3.1 Alberta 8
3.2 British Columbia 8
3.3 Nova Scotia 9
3.4 Ontario 9
3.4.1 Mining Act 9
3.4.2 Mining Tax Act 9
3.5 Quebec 9
3.5.1 Mining Act 9
3.5.2 Mining Tax Act 9
3.6 Newfoundland and Labrador 9
3.6.1 Mineral Act 9
3.6.2 Mineral Holdings Impost Act 9
3.6.3 Mining Act 10
3.6.4 Undeveloped Minerals Areas Act 10
3.6.5 Labrador Inuit Land Claims Agreement Act 10
3.6.6 Revenue Administration Act 10
3.7 New Brunswick 10
3.8 Saskatchewan 10
3.9 Manitoba 10
3.9.1 The Mines and Minerals Act 10
3.9.2 The Mining Tax Act 11
3.10 Yukon 11
3.10.1 Yukon Placer Mining Act 11
3.10.2 Quartz Mining Act 11
3.11 Northwest Territories 11
3.11.1 Territorial Lands Act 11
3.11.2 Territorial Lands Regulations 11
3.12 Nunavut 11

4 Canada's, Mining Licenses and Rights 12
4.1 Alberta 12
4.1.1 Coal Lease 12
4.1.2 Coal Lease in a Road Allowance 12
4.2 British Columbia 12
4.2.1 Coal License 12
4.2.2 Coal Lease 12
4.3 New Brunswick 13
4.3.1 Prospecting License 13
4.3.2 Mining Lease 13
4.4 Nova Scotia 13
4.4.1 Mineral Exploration - Special License 13
4.4.2 Special Mining Lease 13
4.5 Saskatchewan 14
4.5.1 Permits 14
4.5.2 Lease 14
4.5.3 Licensing process 14
4.5.4 Environmental Assessment (EA) study for mining activities 15

5 Canada's, Key Fiscal Terms 16
5.1 Royalty 16
5.1.1 Alberta 16
5.1.2 British Columbia 16
5.1.3 Nova Scotia 16
5.1.4 Ontario 16
5.1.5 Quebec 16
5.1.6 Newfoundland and Labrador 16
5.1.7 New Brunswick 17
5.1.8 Saskatchewan 17
5.1.9 Manitoba 17
5.1.10 Yukon 18
5.1.11 NWT and Nunavut 18
5.2 Annual rents 18
5.2.1 Alberta 18
5.2.2 British Columbia 18
5.2.3 New Brunswick 18
5.2.4 Nova Scotia 18
5.2.5 Saskatchewan 19
5.3 Corporate Income Tax 19
5.4 Provincial Income Tax 19
5.4.1 Lower Provincial Income Tax Rates 19
5.4.2 Higher Provincial Income Tax Rates 19
5.5 Branch Profit Tax 19
5.6 Withholding Tax 19
5.7 Capital Gains 19
5.8 Goods and Service Tax / Harmonized Sales Tax (HST) 20
5.9 Depreciation 20
5.10 Other Provincial Taxes 21
5.10.1 British Columbia 21
5.11 Business Loss 21

6 Appendix 22
6.1 What is this Report About? 22
6.2 Methodology 22
6.3 Secondary Research 22
6.4 Primary Research 22
6.5 Contact Timetric 23
6.6 About Timetric 23
6.7 Timetric's Services 24
6.8 Disclaimer 25

List of Tables

Table 1: Mining Industry in Canada, Fiscal Regime Terms and Other Taxes 1
Table 2: Mining Industry in Canada, Alberta Coal Royalty Rates (%), 2014 16
Table 3: Mining Industry in Canada, Saskatchewan Tiered Royalty (%), 2014 17
Table 4: Mining Industry in Canada, British Columbia Annual Rent for Coal License (CAD/ha), 2014 18
Table 5: Mining Industry in Canada, Provincial Corporate Tax Rates (%), 2014 19
Table 6: Mining Industry in Canada, GST/HST Rates(%), 1997-2014 20
Table 7: Mining Industry in Canada, Depreciation Rates (%), 2014 20
Table 8: Mining Industry in Canada, British Columbia Mineral Land Tax Rates (CAD), 2014 21
Table 9: Mining Industry in Canada, British Columbia Coal Carbon Tax (CAD), 2010-2014 21