ONTARIO TAXPAYERS FACE CORPORATE MINIMUM TAX

Starting this year, corporations that conduct business in Ontario face a new tax - a corporate minimum tax. This tax is in addition to the m yriad of other taxes that make up a corporation's total tax burden, in cluding federal and provincial capital taxes, payroll tax, and sales t axes. Mining companies with gross revenues in excess of $10 million, o r total assets exceeding $5 million, may be liable for this new tax.