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(added MTA, R.S.O., ch. 269, sec. 3(7)(d) (1980)); (b) working
the mine above and below the ground, including salaries and wages
for miners and office workers; (c) operations and maintenance
(added MTA, R.S.O., ch. 269, sec. 3(7)(d) (1980)); (d) power and
light for mining; (e) transportation of minerals; (f) food and
provisions; (g) explosives, fuel, and other supplies; (h)
safeguarding the mine and its output; (i) insurance on the
output, mining plant, machinery, equipment, and buildings; (j)
depreciation of the mining plant, machinery, equipment, and
buildings; (k) charitable donations; and (l) certain costs of
developing a mine. Id. sec. 3(3)(d) through (n). In 1978, 1979
and 1980, an OMT operator could claim a depreciation allowance
from 5 to 15 percent of the remaining undepreciated cost of its
depreciable assets. Id. sec. 3(3)(k) (1972).
An OMT taxpayer may not deduct expenses for (a) plant,
machinery, equipment, or buildings except as described above; (b)
investment capital, investment interest, or stock dividends; (c)
depreciation in the value of the mine, mining land, or mining
property due to exhaustion of the ore or mineral; (d) royalties
paid for the output of a mine on private (i.e., non-Crown) land;
and (e) the cost of developing a mine, except as described above.
Id. sec. 3(4). Exploration expenses were not recoverable in
1965, but are recoverable in the years in issue.
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