Glen Boswall is again quoted in an article on the Tercon Contractors v. British Columbia case in the February 24 edition of the Journal of Commerce. The article, Supreme Court’s Tercon ruling may force new approach to contracts, is the second article by Richard Gilbert since the ruling.
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David Austin in the Financial Post
David Austin was interviewed for a Financial Post article on the Royal Dutch Shell Plc casting fresh doubt on BC LNG project due to funding. ... Continued
UDI AND NAIOP PRESENT 2014 FORECASTS
This year’s Annual Industry Forecast Luncheon of the Urban Development Institute—Pacific Region was themed Innovate or Stagnate.
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.