C.C.S.M. c. M195
The Mining Tax Act
Table of Contents
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 | 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 | 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 | 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 | Pre-approval as new mine | |
(2) | Application for declaration as new mine | |
(3) | Declaration of new mine by L.G. in C. | |
4.3 | Election: mine excluded from new mine tax holiday | |
(2) | Effect of election | |
5 | Non-arm's length sales | |
(2) | Non-arm's length fees | |
6 | Revenue from output partially processed previously | |
7 | 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 | Allowance for larger depreciation | |
(2) | Short fiscal year depreciation allowance | |
10 | 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 | 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 | Imposition of tax | |
(2) | Deduction of new investment credit from tax | |
13.1 | Definitions | |
(2) | Special tax | |
(3) | Tax refund | |
(4) | Special tax to be treated as tax | |
14 | 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 | Filing of return | |
(2) | Estimate of tax | |
(3) | [Repealed] | |
23 | Unconsolidated financial statement | |
24 to 35 | [Repealed] | |
36 | Notice of active operation | |
(2) | Notice of shipping | |
37 to 42 | [Repealed] | |
43 | Tax paid into Consolidated Fund | |
44 | [Repealed] | |
44.1 | [Repealed] | |
45 | Regulations | |
(2) | Effective date | |
SCHEDULE | ||