Introduction to Resource Taxation in Canada

Details and specs

Introduction to Resource Taxation in Canada is an introductory guide to the taxation of the Canadian resource industry.

The authors of the definitive reference work, Canadian Resource Taxation, have written this convenient portable volume to provide a straightforward overview of taxation of the Canadian mining, oil and gas, and renewable energy resource sectors. This book discusses the various expenses related to resource taxation, and the calculation of income and the claiming of deductions. It also covers significant taxation areas such as mergers and acquisitions and investment in the resource sectors, both domestic and foreign, in a cogent, and concise manner.

Highlights include:

• Crown royalties and mining taxes
• Canadian Exploration and Development Overhead Expense (CEDOE)
• Delay rentals
• Qualified property
• Certified property
• SRED qualified expenditure pool
• Considerations relating to documents in the resource sector
  • Term sheet
  • Memorandum of understanding
  • Effective Time versus Closing Time
  • Backdating
• Partnership versus Joint Venture
• The Scheme of the Act
• Resource income and expenses of a partnership
• Source of partnership income
• The legal nature of a Joint Venture
  • Two or more parties
  • Intention of the parties
  • Limitations of liabilities
  • Tax considerations relating to a Joint Venture