New Brunswick ? Last But Not Least

Ever since British Columbia started the ball rolling in 1974 with the introduction of its now-defunct Mineral Royalties Act, all Canada's resource-based provinces have significantly altered their mining tax systems. The last resource-based province to abandon its pre -1974 mining tax structure is New Brunswick, which introduced a new mining tax regime in the summer of 1977 to take effect from April 1 1977. The new structure, which represents the outcome of considerable study and discussions with industry representatives, contains some intriguing concepts which make Nero Brunswick's new mining tax system unique among the Canadian provinces.