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Adam Dlin and Veronica Franco join the partnership

Firm News September 8, 2011

We are pleased to announce that Adam Dlin and Veronica Franco have joined the partnership at Clark Wilson LLP. Adam practices within our Business Succession, Corporate & Commercial and Private Company Transactions Groups; while Veronica’s practice encompasses Strata Property, Estate & Trust Litigation and Wealth Preservation. Congratulations!

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    Quebec Introduces Minimum Mining Taxes

    On May 6, 2013, the Government of Quebec unveiled its new mining tax regime. Starting in 2013, all mining operations will be required to pay a royalty or a tax on profits, whichever is greater under Quebec’s new mining tax regime.

    From now on, all mine operators active in Québec will have to pay a minimum royalty to the Government applied to the value of the ore extracted at the mine shaft head. To take the situation of smaller operations into account and make it easier to start a mining project, the royalty rate will be set at 1% for the first $80 million of ore extracted. For the excess, the rate will be 4% of the value of ore extracted. This royalty does not consider whether the operation is profitable. Also, this royalty tax does not permit deductions for other royalties that may also be payable on the same ore extracted.

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