There are two components to this tax:

• Mining Tax – imposed on mine operators carrying out mining activities in this province. A 15% tax is imposed on the net income of the operator. Net income equals gross revenue less allowable expenses including, operating and processing, depreciation, pre-production, exploration, crown royalties, processing and smelting allowances, and other prescribed deductions.
• Mineral Rights Tax – imposed on the recipient of mineral production royalties. A 20% tax is imposed on royalty receipts less certain deductions including legal expenses incurred in the collection of the royalties and payment of rents or royalties to other persons.

• Return of Income Derived from Mineral Rights (92 KB)
• Return of Income Derived from Mining Operations (150 KB)

For more information about corporate income taxes in Newfoundland and Labrador, please contact the Tax Administration Division.

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