Canada mining taxation

This is from Natural Resources Canada. They seem to have a rational and non tax-hungry policy in mining there, lots of allowable deductions, they recognize the capital-intensiveness of mining with huge investments, machines and vehicles needed. Data as of January 2017.

min ca
http://www.nrcan.gc.ca/mining-materials/taxation/mining-specific-tax-provisions/8892

I also read this report in 2013.

min ca2http://resourceclips.com/2013/12/03/mining-industry-has-paid-canada-71-billion-in-last-10-years/

 

$7.1 billion a year in mining taxes, that’s big. On top of revenues by mining firms, job creation, community projects, etc.

The Philippines, which is supposed to be a mining powerhouse with an estimated mineral potential value of around US$ 1 trillion, is not able to optimize its mining potentials because of its generally unfriendly regulations and taxation policies.

The politics of envy and heavy ecologism is wrong.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s