Mineral Tax Exemptions for Placer Gold Mines

You may not need to file or pay mineral tax if you’re eligible for a tax exemption. There are two exemptions:

However, you can’t use exemptions from one mine to reduce the tax owing on other mines.

Placer Gold Mine Exemption

You’re exempt from placer gold mine mineral tax if you’re an individual and both:

  1. The fair-market value of the placer minerals produced from the entire mine is less than $50,000 in the calendar year
  2. The total value of placer minerals sold or disposed of from the entire mine is less than $50,000 in the calendar year

Nisga'a Exemption

Under the Nisga’a Nation Taxation Agreement a mine operating on or under Nisga’a Lands is exempt from provincial Mineral Tax.