Canada’s Mining Fiscal Regime 2021

Canada is one of the largest mineral producers globally, producing more than 60 metals and minerals. According to the government of Canada, the total value of minerals produced in Canada was US$38.6 billion in 2019. Of this, gold alone accounted for US$8.2 billion. It is also among the leading producers of potash, uranium, platinum, indium, aluminium, sulphur, cobalt, nickel, zinc, iron ore, graphite and copper. Furthermore, the country is one of the world's largest importers of bauxite, enabling it to be the world's fourth-largest primary aluminium producer. The Department of Natural Resources is the prime body that governs natural resources in Canada. It is responsible for the development, management, conservation and protection of mines and minerals, energy and forests in the country. Various taxes, including corporate income tax, sales and withholding tax, are applicable to the companies operating in the country.

Scope

The report outlines the governing bodies, governing laws, various mineral licenses and fees by state and territory.

Reasons to buy

Enhance your decision-making capability in a more rapid and time sensitive manner

Find out Canada's governing bodies, major laws in the industry

Identify various mineral licenses and fees

To gain an overview of Canada's mining fiscal regime

Table of Contents

1. Executive Summary

2. Country Overview

2.1 Macroeconomic Performance

2.2 Ease of Doing Business

2.3 Corruption Index

2.4 Minerals Overview

3. Governing Bodies

3.1 Mining Association of Canada

4. Laws and Regulations

4.1 Canadian Environmental Protection Act, 1999

4.2 Canadian Environmental Assessment Act, 2012

4.3 Metal and Diamond Mining Effluent Regulations, 2002 (Fisheries Act)

4.4 Department of Natural Resources Act, 1994

4.5 Resources and Technical Surveys Act, 1985

4.6 Species at Risk Act, 2002

4.7 Transportation of Dangerous Goods Act, 1992

4.8 Mineral Exploration Tax Credit (METC)

5. Leases and Licenses

5.1 Alberta

– Coal leasing

– Metallic and Industrial Mineral Agreements

5.2 British Columbia

– Coal License

– Coal Lease

5.3 New Brunswick

– Prospecting License

5.4 Nova Scotia

– Mineral Exploration License

– Mineral Lease

5.5 Saskatchewan

– Permits

– Lease

6. Taxes and Royalties

6.1 Corporate Income Tax (CIT)

6.2 Sales Tax

6.3 Withholding Tax

6.4 Royalty Rate

7. Appendix

7.1 Abbreviations

7.2 Methodology

7.3 Coverage

7.4 Secondary Research

List of Tables

Table 1: Canada’s Mining Fiscal Regime – Ease of Doing Business, Global Ranking, 2019-2020

Table 2: Canada’s Mining Fiscal Regime – Canada’s Top Mineral Products by Ranking and Share (%), 2020

Table 3: Canada’s Mining Fiscal Regime – Governing Bodies and Agencies by Province/Territory, 2021

Table 4: Canada’s Mining Fiscal Regime – Key Laws and Regulations by Province/Territory, 2021

Table 5: Canada’s Mining Fiscal Regime – Application Fees for Agreements, Alberta, 2021

Table 6: Canada’s Mining Fiscal Regime – Fees for Coal License, British Columbia, 2021

Table 7: Canada’s Mining Fiscal Regime – Fees for Coal Lease, British Columbia, 2021

Table 8: Canada’s Mining Fiscal Regime – Schedule of Fees, New Brunswick, 2021

Table 9: Canada’s Mining Fiscal Regime – Mineral Exploration Fees, Nova Scotia, 2021

Table 10: Canada’s Mining Fiscal Regime – Corporate Income Tax Rate (%) by Province/Territory, 2021

Table 11: Canada’s Mining Fiscal Regime – Sales Tax by Province/Territory, 2021

Table 12: Canada’s Mining Fiscal Regime – Historical GST/HST rates by Province/Territory, 2008 -2021

Table 13: Canada’s Mining Fiscal Regime – Royalty Rates by Province/Territory, 2021

List of Figures

Figure 1: Canada’s Mining Fiscal Regime – Country Overview, 2021

Figure 2: Canada’s Mining Fiscal Regime – Nominal GDP (US$ Billion) and Real GDP Growth Rate (%), 2001-2020

Figure 3: Canada’s Mining Fiscal Regime – Ease of Doing Business, Global Ranking, 2019-2020

Figure 4: Canada’s Mining Fiscal Regime – Corruption Perception Index Rank, 2015-2020

Figure 5: Canada’s Mining Fiscal Regime – EoDB and CPI Ranking, 2020

Figure 6: Canada’s Mining Fiscal Regime – Minerals Production Trend, 2011-2020

Figure 7: Canada’s Mining Fiscal Regime – Mining Capital Expenditures in Canada (US$ billion), 2009-2020

Figure 8: Canada’s Mining Fiscal Regime – Mineral Exports and FDI, 2011-2019

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