Don Sihota was featured in the Continuing Legal Education Society of British Columbia’s Volunteer Spotlight for, among other things, his important work as editor of the CLEBC’s Due Diligence Deskbook.
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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.
Jordan Watson’s article republished in Canadian Insurance Law Reporter
Jordan Watson’s article, “Tort Immunity Arising from Covenants to Insure: The BC Court of Appeal Confirms Bar to Subrogated Claims“, from the January 10, 2013 ... Continued
Province announces 15% property transfer tax for foreign entities
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