Tax Credit

Progressive Mining Tax Rate

Effective for fiscal years ending after June 30, 2009, the mining tax rate will be reduced from 18% to the following graduated rates: 10% when total operator’s profit is less than $50 million; 15% when total operator’s profit is between $55 and $100 million; and 17% when total operator’s profit is more than $105 million.

  • 4.5/5.0
  • Manitoba. Economic Development and Jobs
  • All levels
  • Last updated 1 month ago
  • English
Description
Effective for fiscal years ending after June 30, 2009, the mining tax rate will be reduced from 18% to the following graduated rates: 10% when total operator’s profit is less than $50 million; 15% when total operator’s profit is between $55 and $100 million; and 17% when total operator’s profit is more than $105 million.

  • To encourage the search of new mines in Manitoba