Form 0794E Calculation of Profit Eligible for the Mining Tax Exemption for New Non Remote Mine or Major Expansion of Existing Non Remote Mine - Ontario, Canada

Form 0794E - Calculation of Profit Eligible for the Mining Tax Exemption for New Non Remote Mine or Major Expansion of Existing Non Remote Mine is used in Ontario, Canada to determine the profit that qualifies for the mining tax exemption for new non-remote mines or major expansions of existing non-remote mines.

The mining company itself or its authorized representative typically files Form 0794E for the calculation of profit eligible for the mining tax exemption in Ontario, Canada.

FAQ

Q: What is Form 0794E?
A: Form 0794E is a form in Ontario, Canada used for calculating the profit eligible for the mining tax exemption for new non-remote mines or major expansions of existing non-remote mines.

Q: Who uses Form 0794E?
A: Form 0794E is used by mining companies in Ontario, Canada to calculate the profit eligible for the mining tax exemption.

Q: What is the purpose of the mining tax exemption?
A: The mining tax exemption is aimed at promoting economic development and attracting investment in the mining sector in Ontario.

Q: What is considered a non-remote mine?
A: A non-remote mine refers to a mine located in an area that is not considered remote or inaccessible.

Q: How is the profit eligible for the mining tax exemption calculated?
A: The profit eligible for the mining tax exemption is calculated using the information provided on Form 0794E, including the revenue, eligible expenses, and deductions.