NORTH BAY, Ont. — Yan Roberts was among the dozens of people who filed into a mining products factory Wednesday to hear Stephen Harper announced expanded and enhanced mineral exploration tax credits.
Like all of them, he’d signed up in advance, stood in line to get his name crossed off a list, received a yellow wrist band and was ushered onto the factory floor, where the fans had been turned off so people could hear Harper’s latest pitch to voters in Nipissing-Timiskaming.
Roberts watched as the prime minister said a re-elected Conservative government would extended the existing 15 per cent mineral exploration tax credit, which was introduced in 2006.
He also had something for remote projects, like Ontario’s Ring of Fire or Plan Nord in Quebec; a 25 per cent mineral exploration tax credit for any project in the territories or that is more than 50 kilometres from an all-weather road or service centre.
Taken together, the two tax credits would cost $60 million a year beginning in 2016-17