Business Insights on Finance
How is Ontario navigating a challenging financial climate?
“PDAC is calling for Finance Canada to change the tax treatment of flow-through shares to appeal to and spur investment from a broader base of Canadians. Our recommendation to base capital gains on the issue price of a flow-through share aims to counteract a proposed increase to the Alternative Minimum Tax announced in Budget 2023, which if enacted, will no doubt create a headwind for flow-through investments in Canadian projects.”
Raymond Goldie, President, Prospectors & Developers Association of Canada (PDAC)
“The Canadian government has spent billions supporting downstream processing and battery plants, yet there is a disconnect as mining projects can take 15 years to develop, while battery plants need only about three years. This results in a gap in funding and a struggle for developers to raise money for essential minerals projects that will feed the battery production plants.”
Pierre Julien, Executive Vice President, DRA Global
“In terms of investment, it is not like it was 20 years ago; mining companies cannot get away with what they used to. If they do not follow the rules set by the Ontario mining regulations they will not get financing and could lose their right to mine.”
Russell Bradford, Managing Director, Aston Minerals
“The Canadian markets have generally always led global finance, but recently we are seeing a lot of Australian investors and corporates in Ontario and elsewhere who are increasingly supportive of juniors when compared to their Canadian counterparts.”
Greg Ferron, President and CEO, PTX Metals Inc.
“While AMT may be an obscure and complex topic for many in Canada, its fundamental impact is clear — it diminishes people's ability to give and participate in charitable financing formats, affecting the crucial resource exploration and development sector.”
David LeClaire, President and Founder, Oberon Capital