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OC 263/2008 – Remission of Royalty and Mineral Production Taxes to Prairie Mines and Royalty Ltd. (January 1, 2006 to December 31, 2011) (Minister of Finance)
Description:

Title: Remission of Royalty and Mineral Production Taxes to Prairie Mines and Royalty Ltd. (January 1, 2006 to December 31, 2011)

Minister: Minister of Finance

Summary: Remit to Prairie Mines and Royalty Ltd. an amount equal to the lesser of the following amounts for each of the calendar years 2006, 2007, 2008, 2009, 2010 and 2011:

(a) 87.5% of the total of the royalties pursuant to The Crown Minerals Act and The Coal Disposition Regulations, 1988, and the freehold mineral production taxes pursuant to The Mineral Taxation Act, 1983 and The Freehold Coal Production Tax Regulations that have been paid by Prairie Mines and Royalty Ltd. in respect of coal produced from its Bienfait mine and sold by Prairie Mines and Royalty Ldt. during that calendar year; and

(b) $1.4 million;

with the payment of the total amount of the remission for each calendar year to be made within a reasonable period of time after the end of that calendar year

See: The Financial Administration Act, 1993 (Section 24)





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