Reclamation Tax Credit

By mmuise
Description:

The Reclamation Tax Credit is a refund of previously paid Net Revenue Tax. You’re eligible for this credit if your mine has reclamation costs but no current income to claim them against. For example, if you have reclamation costs but your mine has closed.


Comments on Funding:

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Deadline: Continuous Intake
Eligibility:

Applicants must:

  • be mineral miners;
  • have reclamation costs but their mines have closed.
Application Steps:

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Documentation Needed:

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Other Things to Note:

To claim this credit, you must add your reclamation costs to your Reclamation Cost Account by completing a Reclamation Cost Election Schedule (PDF, 228KB). The deadline to add reclamation costs to this account is six months after your mine's fiscal year end. You claim the reclamation tax credit when you file your mineral tax return.

About the author
mmuise