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Fax: 1 866 888-3850
Website: ontario.ca/finance
Mining Tax Act
Name of Operator Identification Number Taxation Year End (mm/dd/yyyy) Name of Mine Location of Mine
Information used in this form should apply only to an eligible new non remote mine or a major expansion of an existing non remote mine as provided in s.3.1 of the Mining Tax Act.
The mining tax exemption is subject to a 36-month maximum claim period for profits earned after April 30, 1991 with a $10,000,000 limitation per mine.
Separate schedules are required for each qualifying new non remote mine or major expansion of an existing non remote mine showing the calculation of profits earned in the current taxation year.
Total proceeds applicable to the eligible new or major expansion of existing non remote mine $
Mining expenses $ Processing expenses $ Operating or maintenance expenses re social assets in Ontario $ Administrative and overhead expenses $ Scientific/Product use development research conducted in Canada $ Allowance for Depreciation: • Mining Assets - Maximum $ • Processing and Transportation Assets - Maximum $ Transportation expenses and outlays re delivery of output to purchasers $ Other reserves and deductions as prescribed by Regulation $ Sub Total $ Less: Reduction in processing costs per s.3(21)(a) & (b) (attach calculation) $ Sub Total $ Donations (charitable, educational or benevolent) $ Exploration and development expenditures incurred in Ontario $ Sub Total $ Less: Recaptured depreciation - • Mining Assets $ • Processing and Transportation Assets $ Sub Total $
Profit before processing allowance $ Less: Processing allowance applicable to the eligible mine (attach calculation) $ Profit otherwise eligible for the Mining Tax Exemption or Subject to Tax $ (A) Unused portion of operator’s exempt amount for profits earned after April 30, 1991 for mine $ (B) Profit eligible for the Mining Tax Exemption • for profits earned after April 30, 1991, amount cannot exceed the lesser of (A) and (B) $