Welcome news from the tax front for profitable mines
CIM Bulletin, Vol. 84, No. 949, 1991
Robert B. Parsons, Partner, Price Waterhouse*
Two recent decisions by the Canadian courts could reduce the taxes paid by many profitable mines in Canada. At a time when the mining sector is hurting from an ever increasing tax burden and soft prices, the results of two cases are welcome news. Mining companies are well advised to check prior years' tax returns in the context of these developments.