Canada’s Mining Fiscal Regime: H1 2016

GlobalData's fiscal regime report covers Canada, which has abundant natural resources and its mining industry is governed by several departments and agencies of the provincial government. Canadian provinces have separate governing laws regulating the industry

Scope

The report outlines the governing bodies, laws, licenses, rights, and key fiscal terms which includes royalties, annual rents, corporate income tax, provincial income tax, branch profit tax, withholding tax, depreciation, other provincial taxes and goods and service tax / harmonized sales tax (HST)

Reasons to buy

Gain an overview of Canada's mining fiscal regime

Table of Contents

1 Executive Summary

2 The Canadian Mining Industry – Governing Bodies

2.1 Alberta

2.2 British Columbia, Ministry of Energy, Mines and Responsible for Core Review

2.3 Nova Scotia, Department of Natural Resources

2.4 Ontario, Ministry of Northern Development and Mines

2.5 Quebec, Ministère des Ressources naturelles et de la Faune

2.6 Newfoundland and Labrador, Department of Natural Resources

2.7 New Brunswick, Department of Energy and Mines

2.8 Saskatchewan, Minerals, Lands and Policy Division

2.9 Manitoba, Ministry of Mineral Resources

2.10 Yukon, Ministry of Energy, Mines, and Resources

2.11 Northwest Territories

2.12 Northwest Territories (NWT) and Nunavut Chamber of Mines

3 The Canadian Mining Industry – Governing Laws

3.1 Alberta

3.2 British Columbia

3.3 Nova Scotia

3.4 Ontario

3.4.1 Mining Act

3.4.2 Mining Tax Act

3.5 Quebec

3.5.1 Mining Act

3.5.2 Mining Tax Act

3.6 Newfoundland and Labrador

3.6.1 Mineral Act

3.6.2 Mineral Holdings Impost Act

3.6.3 Mining Act

3.6.4 Undeveloped Minerals Areas Act

3.6.5 Labrador Inuit Land Claims Agreement Act

3.6.6 Revenue Administration Act

3.7 Saskatchewan

3.8 Manitoba

3.8.1 The Mines and Minerals Act

3.8.2 The Mining Tax Act

3.9 Yukon

3.9.1 Yukon Placer Mining Act

3.9.2 Quartz Mining Act

3.10 Northwest Territories

3.10.1 Territorial Lands Act

3.11 Nunavut

4 The Canadian Mining Industry – Mining Licenses and Rights

4.1 Alberta

4.1.1 Coal Lease

4.1.2 Coal Lease Road Allowance

4.2 British Columbia

4.2.1 Coal License

4.2.2 Coal Lease

4.3 New Brunswick

4.3.1 Prospecting License

4.3.2 Mining Lease

4.4 Nova Scotia

4.4.1 Mineral exploration – license

4.4.2 Mineral exploration – special license

4.4.3 Special mining lease

4.5 Saskatchewan

4.5.1 Permits

4.5.2 Lease

4.5.3 Licensing process

4.5.4 Environmental Assessment (EA) study for mining activities

5 The Canadian Mining Industry – Key Fiscal Terms

5.1 Royalties

5.1.1 Alberta

5.1.2 British Columbia

5.1.3 Nova Scotia

5.1.4 Ontario

5.1.5 Quebec

5.1.6 Newfoundland and Labrador

5.1.7 New Brunswick

5.1.8 Saskatchewan

5.1.9 Manitoba

5.1.10 Yukon

5.1.11 NWT and Nunavut

5.2 Annual rents

5.2.1 Alberta

5.2.2 British Columbia

5.2.3 Nova Scotia

5.3 Corporate Income Tax

5.4 Provincial Income Tax

5.4.1 Lower Provincial Income Tax Rates

5.4.2 Higher Provincial Income Tax Rates

5.5 Branch Profit Tax

5.6 Withholding Tax

5.7 Goods and Service Tax / Harmonized Sales Tax (HST)

5.8 Depreciation

5.9 Other Provincial Taxes

5.9.1 British Columbia

6 The Canadian Mining Industry – Future Development

7 Appendix

7.1 Abbreviations

7.2 Secondary Research

7.3 Primary Research

7.4 Contact GlobalData

7.5 About GlobalData

7.6 GlobalData’s Services

7.7 Disclaimer

List of Tables

Table 1: The Mining Industry in Canada – Key Taxes and Rates, 2016

Table 2: The Mining Industry in Canada – Alberta Coal Royalty Rates (%), 2016

Table 3: The Mining Industry in Canada – Saskatchewan Tiered Royalty (%), 2016

Table 4: The Mining Industry in Canada – British Columbia Annual License Rent, Coal License (CAD/ha), 2016

Table 5: The Mining Industry in Canada – Provincial Corporate Tax Rates (%), 2016

Table 6: The Mining Industry in Canada – GST/HST Rates (%), 1997–2016

Table 7: The Mining Industry in Canada – Depreciation Rates (%), 2016

Table 8: The Mining Industry in Canada – British Columbia Mineral Land Tax Rates (CAD), 2016

Table 9: The Mining Industry in Canada – British Columbia Coal Carbon Tax (CAD), 2016

List of Figures

Figure 1: The Mining Industry in Canada – Commodity Mines at Different Stages (Number of Mines), 2016

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