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Issues and Advocacy
2011 PDAC pre-budget submission to the
Standing Committee on Finance
In August 2011, the PDAC
offered its recommendations to the Standing Committee on Finance during
its deliberations on the 2012 Federal Budget. Please
click here to see
the complete submission.
The PDAC recommends that the following measures
be adopted to sustain the mineral industry in Canada and create jobs:
- Make the current Mineral Exploration Tax Credit
(METC) - which has been renewed, often on an annual basis since 2000 -
permanent, thereby providing greater certainty to the exploration
industry and investors.
- Increase the knowledge of
our natural resources as a key driver to exploration success through
continued investment in the Geomapping for Energy and Minerals (GEM)
initiative, and the Targeted Geoscience Initiative (TGI).
- Encourage good corporate social responsibility and environmental
practices by undertaking a review, in consultation with industry, of the
tax rules governing the extent to which community consultation and
environmental compliance costs are eligible for the Canadian Exploration
Expense (CEE) deduction.
2011 mineral industry recommendations to Canada’s Energy and Mines Ministers
Kananaskis, Alberta, July 2011
The PDAC, the Mining Association of Canada (MAC) and members of the
Canadian Mineral Industry Federation (CMIF) were invited to provide
federal, provincial and territorial mines ministers with views and
recommendations regarding policy issues of importance to our industry.
The CMIF members represent the majority of companies engaged in mineral
exploration, mining, and processing – accounting for most of Canada’s
production of base and precious metals, uranium, diamonds, metallurgical
and thermal coal, potash and mined oil sands. [Summary]
Please click on the thumbnails below for the detailed submission.
PDAC Position Statement – Land Use Planning and Land Access
In spring 2010, the PDAC Lands and Regulations and
Aboriginal Affairs committees participated in a workshop to develop a
position statement on land access and land use planning.
Finalized in January 2011, the statement offers the PDAC’s views on
Guiding Principles and Practices for Public Policy and Legislation
that its members believe should guide the development of public policy
and legislation regulating land use planning for Crown lands and
governing access to those lands for mineral exploration and mine
development purposes.
For a copy of the PDAC’s position on Land
Use Planning and Land Access please follow the link:
English |
French
The Mineral Industry and the 2011 Federal
Election
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Issues
The PDAC is encouraging members to contact their local candidates
about the mineral industry and the Mineral Exploration Tax Credit (METC).
Recommended question to all candidates:
Do you support the reinstatement of
the Mineral Exploration Tax Credit (METC) in the next federal budget when a new
Parliament is formed?
Please
click here for background information on the
METC and facts about the mineral industry that you can use when speaking with your
local candidates. |
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Elections Canada
May 2, 2011 is the date for the next federal election.
Looking to contact your local candidates?
Please
click here
More information about the election is located on the Elections Canada
website. |
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Important note on the Mineral Exploration Tax Credit:
On March 31, 2011, the Mineral Exploration Tax Credit (METC) expires.
Implications for investors and issuers:
Flow-through share agreements signed after 31 March 2011 will not be
legally entitled to renounce Canadian Exploration Expenses (CEE) that
are eligible for the 15% federal METC. However, existing agreements are
still entitled to renounce CEE eligible for the 15% METC provided
that related expenses qualify as FTME (Flow-Through Mining Expenses) and
are incurred:
(a) before December 31, 2011 if renounced in 2010 or
before April 1, 2011 under the look-back rule; or
(b) before
December 31, 2012 if renounced after March 31 2011.
For further
information, please see the
Natural Resources Canada METC page.
Party platforms and the mineral industry
Conservative Party of Canada:
click
here
Liberal Party of Canada:
click here
New Democratic Party of Canada platform:
click here
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p. 9, commits to “extend eligibility for the mineral exploration tax
[credit] for an additional three years beyond March 31, 2012. This will
apply to flow-through share agreements entered into on or before March
31, 2015”
Bloc Quebecois platform:
click
here
Mineral industry submissions
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PDAC pre-budget submission to the
Standing Committee on Finance (August 2010)
Click here
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Canadian Mineral Industry Federation
submission to the Mines Ministers (August 2010)
English |
French
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The Government of Canada’s intention to extend the Mineral
Exploration Tax Credit, announced in today’s budget, is welcomed by
the PDAC.
News
release (March 22, 2011)
The following is text from a PDAC letter that was personally addressed and sent to all MPs in March, 2011.
If you have any questions, please contact:
Philip Bousquet, Senior Program Director - pbousquet@pdac.ca or 416-362-1969
Ext. 230
Lesley Williams, Program Assistant -
lwilliams@pdac.ca or 416-362-1969
Ext. 294
Over the years the advocacy role of the Prospectors
and Developers Association of Canada has grown substantially. The
association has been called upon to represent the industry on a wide
range of issues of importance to its members and the mineral exploration
sector, including access to land, mining and securities regulations,
Aboriginal affairs, corporate social responsibility, finance and
taxation, geosciences, environmental issues, and health and safety./p>
In July 2007, the PDAC board of directors approved
a new five-year strategic plan containing four priority areas. These include land
access and Aboriginal issues, particularly the settling of land claims
and building industry-community relationships. That concern was
reflected in the signing in March 2008 of a Memorandum of Understanding
between the PDAC and the Assembly of First Nations.
A second priority is to meet the human resources
challenge facing the industry, and particularly to attract students to
exploration careers. An important initiative coming out of this is
the annual two-week Student-Industry Mineral Exploration Workshop, which
was launched in 2007.
The strategic plan also identifies the PDAC’s
international role as a priority, especially meeting the needs of
international delegates to the convention and offering services to
international members.
The final priority is to expand the PDAC’s work in
corporate social responsibility. At its 2009, the association launched
e3 Plus: A Framework for Responsible Exploration to help exploration
companies continuously improve their social and environmental
performance.
March 2009
PDAC Fact Sheets
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