This article was provided by the Ontario Mining Association (OMA), an organization that was established in 1920 to represent the mining industry of the province.
Personal income tax payments by mining industry employees across Canada increased 15% to $2.3 billion in 2012 from about $2 billion in 2011. The growth is related to the industry’s role as a major, high-paying employer and the rise in mineral sector employment by about 6,700 jobs, according to the recently released Mining Association of Canada (MAC) study, “Payments to Governments by the Canadian Mineral Sector 2003 – 2012,” prepared by the ENTRANS Policy Research Group.
The study examines royalties paid by mineral producers, corporate income taxes paid by mining companies and personal income taxes paid by direct industry employees. ENTRANS estimates that during the past 10 years, the mining sector made payments of more than $71 billion to Ottawa and provincial governments.
“This impressive amount of more than $70 billion over the past decade also underscores the importance of mining in Canada as both a major employer across the country and significant contributor to the Canadian economy,” said MAC President Pierre Gratton. “The royalties, taxes and other payments made to governments by the industry ultimately go towards supporting critical government services like health care, education and the building of infrastructure.”