Cross-border shopping in mining?

CIM Bulletin, Vol. 85, No. 958, 1992

Robert B. Parsons, Partner, Price Waterhouse, Toronto

It is generally acknowledged that Canadian and foreign-based mining companies are spending relatively fewer dollars in Canada and more dollars abroad than was the case not many years ago. It is common to see the Canadian tax system being fingered as one of the causes in this shift in direction. However, if one takes the time to peel away the surface of our tax system, and to probe a little deeper into its substance, it will be found that the Canadian taxation of mining is generally quite competitive.