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
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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