Canadas Mining Fiscal Regime: H2 2014

Published: Dec, 2014 | Pages: 28 | Publisher: Timetric
Industry: Mining | Report Format: Electronic (PDF)

Synopsis
Timetric's Canadian fiscal regime report covers the governing bodies, laws, mining licenses and rights and tax-related information on 13 commodities: coal, iron ore, copper, lead, zinc, gold, silver, nickel, chromium, manganese, diamond, 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 separate governing laws regulating the industry.
Scope
The report outlines Canadian’s governing bodies, laws, mining licenses and rights and obligations and key fiscal terms which include 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.
Reasons to buy
Gain an overview of Canada's mining fiscal regime.
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 and Responsible for Core Review 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.

 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, Ministere des Resources naturelles et de la Faune
2.6 Newfoundland and Labrador, Department of Natural Resources
2.7 New Brunswick, Ministry of Natural Resources (MNR)
2.8 New Brunswick, Ministry of Mines and Energy (MME)
2.9 Saskatchewan, Minerals, Lands and Policy Division
2.10 Manitoba, Ministry of Mineral Resources
2.11 Yukon, Ministry of Energy, Mines, and Resources
2.12 Northwest Territories
2.13 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 New Brunswick
3.8 Saskatchewan
3.9 Manitoba
3.9.1 The Mines and Minerals Act
3.9.2 The Mining Tax Act
3.10 Yukon
3.10.1 Yukon Placer Mining Act
3.10.2 Quartz Mining Act
3.11 Northwest Territories
3.11.1 Territorial Lands Act
3.11.2 Territorial Lands Regulations
3.12 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 Royalty
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 New Brunswick
5.2.4 Nova Scotia
5.2.5 Saskatchewan
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 Capital Gains
5.8 Goods and Service Tax / Harmonized Sales Tax (HST)
5.9 Depreciation
5.10 Other Provincial Taxes
5.10.1 British Columbia
5.11 Business Loss
6 Appendix
6.1 What is this Report About?
6.2 Methodology
6.3 Secondary Research
6.4 Primary Research
6.5 Contact Timetric
6.6 About Timetric
6.7 Timetric's Services
6.8 Disclaimer


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