Canada’s mining industry has a celebrated past, vibrant present and exciting future, offering tremendous investment opportunities. It starts with leadership in metals and minerals: over 60 are produced here. Clean, renewable energy is abundant. Canada also offers strong capital markets to finance development, supportive governments at all levels and firm commitments to ESG principles. Foreign Investment Promotion and Protection Agreements (FIPAs) and free trade agreements (FTAs) provide unparalleled market access. The future of mining starts in Canada.
The advantage you have in Canada is ESG. […] Part of the way we do business in Canada [is] governance, community outreach; we’ve got a history and a culture of mining here. So we know what it takes on the S and G side. But when you look at the environmental, Canada’s got one of the cleanest grids in the world.
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Opportunities in Mining
A comprehensive publication reveals the full spectrum of investment opportunities in Canada’s minerals and metals sector.
7 Reasons why Canada is a global mining leader
Vast resources, excellent talent and an unparalleled ESG commitment. This is just the beginning of the reasons why global investors choose to invest in mining in Canada.
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Investing in mining in Canada
Canadian Minerals and Metals Plan
Launched in March 2019, the Canadian Minerals and Metals Plan (CMMP) includes six action plans to build on Canada’s mining leadership: Economic Development and Competitiveness; Advancing the Participation of Indigenous Peoples; Protecting the Environment; Science, Technology and Innovation; Communities; and Global Leadership.
Indigenous participation in mining has largely been driven through around 455 agreements signed between companies and communities. More than 600 Indigenous communities are located within a 100-kilometer radius of major minerals and metals projects, and more than 200 Indigenous businesses supply the extractive industry in Canada today.
With protecting the natural environment also being a core plan of the CMMP, the long-established, globally recognized Towards Sustainable Mining (TSM) standard is a strong reflection of ESG commitments in Canadian mining.
The Accelerated Capital Cost Allowances (ACCA) can provide for a depreciation allowance of up to 100% of the asset cost. To be eligible, assets must have been acquired before the beginning of commercial production, or for major expansions, or (since 1996) for the portion of investment expenditures in excess of 5% of gross income from the mine.
The Mineral Exploration Tax Credit (METC) helps exploration companies raise equity funds by passing on tax credits to investors on eligible expenses. The 15% non-refundable tax credit can be applied against investors’ federal income tax that would otherwise be payable for the taxation year in which the investment was made.
Flow-Through Shares (FTS) allow foreign investors to transfer eligible exploration and development expenses to their beneficial owners, which can then be applied for tax credits for these expenditures.
The Scientific Research and Experimental Development (SR&ED) Program provides income-tax credits and refunds for expenditures on eligible R&D activity in Canada.
Canadian Exploration Expense Claims (CEEs) and Canadian Development Expense Claims (CDEs) are separate federal income tax deductions for expenses related to mining exploration and mining development.