C.C.S.M. c. M195
The Mining Tax Act
1 | (1) | Definitions |
(2) | Date of calculation of revenues | |
(3) | Joint ventures | |
1.1 | Change of fiscal year end | |
1.2 | Administration and enforcement | |
2 | Where assets partly within and partly outside the province | |
3 | (1) | Non-arm's length disposal of depreciable assets |
(2) | Non-arm's length acquisition of depreciable assets | |
(3) | Removal of depreciable asset | |
(4) | Bringing depreciable asset into Manitoba | |
(5) | Calculation of undepreciated balance | |
4 | (1) | Calculation of profit |
(2) | Profit deemed nil | |
(3) | Exception to subsection 4(2): new mine loss | |
(4) | Operator's profit excludes new mine | |
4.1 | (1) | Calculation of profit for new mine |
(2) | Duration of new mine tax holiday period | |
(3) | Profit from new mine at end of tax holiday period | |
4.2 | (1) | Pre-approval as new mine |
(2) | Application for declaration as new mine | |
(3) | Declaration of new mine by L.G. in C. | |
4.3 | (1) | Election: mine excluded from new mine tax holiday |
(2) | Effect of election | |
5 | (1) | Non-arm's length sales |
(2) | Non-arm's length fees | |
6 | Revenue from output partially processed previously | |
7 | (1) | Deductible expenses |
(2) | Deduction of former exploration expenses | |
(3) | Deduction of exploration expenses | |
(3.1) | Additional qualified exploration deduction | |
(3.2) | Carry forward of amount under subsection 7(3.1) | |
(4) | Application to director | |
(5) | Deduction of rehabilitation expenses | |
(6) | Refund from Mine Rehabilitation Fund | |
8 | Non-arms length expenses, etc. | |
9 | (1) | Allowance for larger depreciation |
(2) | Short fiscal year depreciation allowance | |
10 | (1) | Adjustment of expenses for processing outside Manitoba |
(2) | Adjustment of expenses for minerals outside Manitoba | |
(3) | Processing allowance for in-province processing | |
(3.1) | New mine processing assets | |
(4) | Processing allowance for service assets | |
(5) | Maximum processing allowance | |
(6) | Processing allowance for out of province processing | |
(7) | Short fiscal year processing allowance | |
11 | (1) | Capital investment, interest and depletion not allowed |
(2) | Depreciation allowance in joint ventures | |
(2.1) | New mine depreciable assets | |
(2.2) | Undepreciated balance of new mine assets | |
(3) | Deduction for exploration expenses in joint ventures | |
12 | Inter-provincial agreements to fix method of determining profit | |
13 | (1) | Imposition of tax |
(2) | Deduction of new investment credit from tax | |
13.1 | (1) | Definitions |
(2) | Special tax | |
(3) | Tax refund | |
(4) | Special tax to be treated as tax | |
14 | (1) | Time for payment of tax |
(1.1) | Time for payment of tax if short fiscal year | |
(2) | Special tax payment | |
15 to 21 | Repealed | |
22 | (1) | Filing of return |
(2) | Estimate of tax | |
(3) | Repealed | |
23 | Unconsolidated financial statement | |
24 to 35 | Repealed | |
36 | (1) | Notice of active operation |
(2) | Notice of shipping | |
37 to 42 | Repealed | |
43 | Tax paid into Consolidated Fund | |
44 | (1) | Mining community reserve continued |
(2) | Payments into reserve | |
(3) | Authority to pay from reserve | |
(4) | Payment from reserve | |
(5) | Transfer of interest | |
(6) | Authority to transfer from reserve | |
(7) | Recoveries | |
(8) | Authorization not to lapse | |
44.1 | Repealed | |
45 | (1) | Regulations |
(2) | Effective date | |
46 and 47 | ||
SCHEDULE |