In the next 10 years, it is estimated that more than 75% of business owners in BC will retire. If you’re a business owner over 50, a business succession plan is essential. On February 7, 2013 Clark Wilson’s Don Sihota will be presenting a seminar on how to get the best price and negotiate the best terms when you sell your business.
Related Content
CNSX Listing Seminar on November 30
On November 30, Clark Wilson will partner with the Canadian Listed Companies Association, Manning Elliott, Canadian National Stock Exchange (CNSX) and Valiant Trust to host ... Continued
Carina Bittel appointed COO of Clark Wilson
Carina Bittel has been appointed Clark Wilson’s Chief Operating Officer, effective April 1, 2014. Carina previously served as the firm’s Director of Administration and played ... Continued
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.