GNWT gives diamond mines a further $9M tax break

Canada’s NWT Govt. Extends Tax Relief for Diamond Mines

Diamond mines operating in Canada’s Northwest Territories (NWT) will get additional tax relief totaling approximately $8.8 million to help weather the market slowdown. The Government of the Northwest Territories has extended the targeted program initiated in March for an additional year, to provide economic stability for workers and businesses, it said Tuesday. All three of Canada’s diamond mines, Ekati, Diavik and Gahcho Kué, are in that region…

GNWT gives diamond mines a further $9M tax break

The NWT will write off nearly $9 million in property tax owed by three diamond mines, the latest in a series of measures designed to help keep them in business. The post GNWT gives diamond mines a further $9M tax break first appeared on Cabin Radio.