Finance committee  Thanks for the question. The difference between a capital cost allowance and an accelerated capital cost allowance is that, with the latter, you can write off in three years what currently would take 14 years. If you're looking at development of a project in mining, where all o

Finance committee  That's right. Tax and royalty formulas operate based on profitability. When profits are high, taxes and royalties are higher. When profits are low, taxes and royalties are lower. When there are no profits, there are no royalties. The more quickly a company can move into a more p

Finance committee  Thank you. Well, if I had a crystal ball, I can tell you that I wouldn't be sitting before this committee right now.

Finance committee  All kidding aside here, look, it's a complex situation and there's no simple answer. Canada produces over 16 minerals and metals. We're a top ten producer in the world of over 10 minerals. Demand cycles for those materials vary, so you can't say with one fell swoop that the ind

Finance committee  Mr. Chair, distinguished committee members, clerk, and fellow witnesses, my name is Brendan Marshall and I am the senior director of economic and northern affairs for the Mining Association of Canada. MAC is the national voice for Canada's mining and mineral processing indust