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Québec Budget 2016-2017 Announces Amendments to the Mining Tax Act and to the Refundable Tax Credit for Resources

Posted in Mining, Tax

A number of mining-related (and largely taxpayer-friendly) amendments were introduced by the Québec Government as part of its 2016-2017 Budget. The purpose of this article is to provide an overview of these amendments and their expected impact on companies engaged in mining activities in Québec.… Continue Reading

Québec Unveils Its New Mining Tax Regime

Posted in Mining, Tax

The Québec Minister of Finance and the Economy, Nicolas Marceau, with the Québec Minister of Natural Resources, Martine Ouellet, yesterday, on May 6, 2013, made public the new mining tax regime for Québec, a fiscal measure that will apply to an operator’s fiscal year that begins after December 31, 2013. Considered as a hybrid of different mining taxation regimes, the new regime provides for mining taxes that are equal to the greater of (i) the minimum mining tax of an operator for the relevant fiscal year, and (ii) the mining tax of an operator’s annual profit for the relevant fiscal … Continue Reading

Hot Off the Press – Third Annual Mining in the Courts

Posted in Aboriginal and Environmental Issues, Litigation, Mining, Project Development, Commercial Arrangements and Agreements, Tax

We are pleased to inform you that McCarthy Tétrault has released the third edition of its annual publication Mining in the Courts, Year in Review. Published by the firm’s mining group, the book provides an overview of recent Canadian litigation developments affecting the mining industry in 2012.

Topics include the following, with digests of significant decisions during 2012, including three major cases won by the firm’s counsel. Various members of McCarthy Tétrault, including some of our bloggers, will be presenting certain of these topics today in Toronto at PDAC 2013, the annual international conference organized by the Prospectors and … Continue Reading

Department of Finance Introduces New Foreign Affiliate Dumping Rules

Posted in Aboriginal and Environmental Issues, Mining, Tax


On December 14, 2012, the so-called “foreign affiliate dumping rules” (the “Anti-Dumping Rules”) came into effect following the entry into force of Bill C-45. The Anti-Dumping Rules may have significant ramifications for Canadian mining companies that are or become controlled by a non-resident person. Originally introduced as part of the March 29, 2012 Budget, the Anti-Dumping Rules were subsequently amended in draft legislation released on August 14, 2012 and October 15, 2012. It should be noted that while the Anti-Dumping Rules have come into force, they are still subject to discussions between the Department of Finance, tax … Continue Reading