The Provincial Government wants to encourage mineral exploration in targeted areas of the province, so, it is now taking applications for a new incentive program. The program is designed to cover a portion of expenditures associated with ground-based exploration. It offers a rebate of 25 per cent of eligible direct drilling costs to a maximum of $50 thousand per company on a pro-rated basis. The focus is base metals, precious metals, and diamonds. Energy and resources Minister Bronwyn Eyre says the program will generate jobs in northern and rural mining communities. Total funding for the incentive is capped at $750 thousand for the 2018-19 year.
Province Introduces Mineral Exploration Incentive
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The Candian government wants the country’s banks to identify, in customers’ bank statements when they receive the carbon rebate, that it is labelled as such.
Environment Minister Steven Guilbeault says the lack of a clear identifier is contributing to confusion about carbon price rebates, so he is going to change the law if he has to in order to force the big banks to identify the carbon rebate by name when doing direct deposits.
The first rebate deposits in 2022 were labelled very generically, which meant recipients had no idea why they were getting the money.
T-D and B-MO have adopted the government’s requested “CdaCarbonRebate” entry, R-B-C and Scotiabank say they couldn’t make the change in time for the rollout, and C-I-B-C is still calling it “Deposit Canada.”