Low Mining Taxation and Stability of Titles 
J NQUIRIES are frequently made regarding mining taxation in It is also frequently asked if there is a duty, particularly an 
Canada. The big mining man, operating in many countries and American duty, against Canadian mineral products. There is none 
states, finds in Ontario and Quebec a pleasing surprise. He finds that against nickel—mnone against gold and silver—it is current in every 
his Provincial mining taxes are on the net income and, better still, on a banking house in the whole known world; none against copper—in fact 
favorably graded net income as follows: — Canada bonuses certain products of copper manufacture; none against 
On Annual profits in excess of $10,000 and up to iron—both Ontario and Quebec Governments are paying a bounty on 
BY000,000.... ci: oi anv sincnin meni sissies itis wes Sg iron ore production, in which the Dominion might well-co-operate. 
ER ioe » or wy pp ane Nor in Canada is there any tax on indicated or proved ore reserves. 
$5,000,000 net profits. This will come as a surprise to many big American mine owners here- 
The Dominion Government rulings on mining income tax returns tofore not interested in Canada. Our low mining taxation is such a 
on silver and gold are also a further favorable surprise. The Income contrast to the published statement of the General Tax Committee of 
Department bases the tax on fifty per cent. (50%) of the profits or income the American Mining Congress to the effect that 93.07% of the total 
from mining, wisely deciding that the other 509, should rank as return net income of the ng industry in the United States goes to State 
of invested capital due to the depletion in reserves as ore is mined and Federal taxes in the proportion of 22.07% Federal and 71.18% other 
from year to year. It allows receipts from the sale of mining property taxes, that even were their statement considered as misquoted in the 
by individuals or companies (unless such companies are organized for press, the ownership of Canadian mines becomes very alluring. 
the purpose of carrying on the business of procuring and selling of The investor will find that Canada’s laws are just and justly admin- 
mining property) to be non-taxable. Shareholders IN 5 VHIINS CoTMpany istered and American mining men with experience will appreciate to 
are not subject to the sur-tax (extra tax) on dividends but there 1s the full that claims of forty acres in Canada, each with their perpen- 
imposed the normal tax on fifty per cent. (50%) of the amount of divi- dicular downward boundaries eliminates the long costly law suits which 
dends received. Reductions on income taxes recently occurred. have occurred in the American West through “following the lode’ 
There are also certain municipal tax exemptions on smelters and apex system of mining titles. Further, it should be stated that it is not 
concentrators but there is, of course, the standard Dominion Govern- necessary to be a Canadian citizen in order to hold mining property 
ment business sales tax. in Canada.