Wilderness Tourism Association of the Yukon
E-News for Friday, January 13, 2017
#1 CRA – Small Business Deduction
#2 Best Environmental Practices Pamphlet for Clients of WTAY Members
#3 Report on the ATTA’s Adventure Travel World Summit in Anchorage
#4 No Changes to Yukon National Park Fees for Canada 150
#5 Gold Exploration Project NNE of Watson Lake (Quartz Lake) - YESAB
#1 CRA – Small Business Deduction
What you need to know about the small business deduction
Do you run a small business in Canada? You may be eligible for the small business deduction.
What is the small business deduction? Eligible businesses can claim the 17.5% small business deduction on their first $500,000 of income, with some limitations. You can use the resulting tax savings to help your business grow. And the potential tax savings will increase. The small business deduction will increase from 17.5% to 19% over the next three years.
It is important to make sure you are eligible before you claim the small business deduction. The Canada Revenue Agency (CRA) considers the specific facts of each case in order to determine eligibility, and a reassessment may be completed to disallow the small business deduction if you are not entitled to claim it.
Who can claim the deduction?
To be eligible to claim the small business deduction, you must be a Canadian-controlled private corporation carrying on a business in Canada throughout the year and meet at least one of the following conditions:
• You primarily earn active business income rather than income from a specified investment business or a personal services business
• You are a specified investment business or a personal services business that employs more than five full-time employees throughout the year.
• You are a specified investment business and you have an associated corporation that provides managerial, financial, administrative, maintenance, or other similar services to your corporation while carrying on an active business and you would have to hire more than five full-time employees to do this work if your associated corporation did not do it.
For example, you own a small storage facility and your business is a Canadian-controlled private corporation.
• You cannot claim the small business deduction if your storage facility primarily earns rental income and employs less than five full-time employees throughout the year
• You may be able to claim the small business deduction if your storage facility earns rental income with less than five full-time employees throughout the year and the business directly provides significant services that are integral to its success, such as a moving truck to transport items to the facility.
How to claim the deduction?
Corporations have to file a T2 Corporation income tax return within six months of the end of their tax year. If your corporation is located in Quebec or Alberta, you have to file a separate provincial corporation return. For more information on how to claim the small business deduction, go to Chapter 4 of the T2 Corporation – Income Tax Guide.
#2 Best Environmental Practices Pamphlet for Clients of WTAY Members
The WTAY office has a large number of these pamphlets available for members. These small pamphlets provide examples of how to travel on Yukon waterways with minimal impact on the habitat. The pamphlets are picture based and don’t necessarily require knowledge of the English language. They aren’t restricted to water activities and can also be given to campers and backpackers.
If you would like a supply of these pamphlets, please contact Kelly at the WTAY office; 867-668-3369 or .
CALL NOW BEFORE THEY’RE ALL GONE
#3 Report on the ATTA’s Adventure Travel World Summit in Anchorage
In September of 2016, Kelly Fraser, WTAY’s Manager, had the opportunity to attend the Adventure Travel World Summit in Anchorage. This conference moves around the world each year and with the 2016 summit being so close to Whitehorse, funding was approved for Kelly to attend. Kelly’s report to the Enterprise Trade Fund (ETF) is attached and WTAY members are encouraged to review the document, provide Kelly with any feedback they may have, and to offer any suggestions that will provide WTAY with ways to assist its members.
#4 No Changes to Yukon National Park Fees for Canada 150
2017 marks the 150th anniversary of Canadian Confederation. Parks Canada is celebrating Canada 150 by providing free Discovery Passes to the public, so they can enjoy unlimited day admission where entry fees are normally charged. Canadians can order their free 2017 Discovery Passes online. Please visit the Parks Canada web site at www.pc.gc.ca for more information.
All national parks and national historic sites operated by Parks Canada in Yukon already have free day admission. These sites include:
● Kluane National Park and Reserve ● Vuntut National Park ● Ivvavik National Park ● S.S. Klondike National Historic Site ● Klondike National Historic Sites (Dawson)
The Chilkoot Trail National Historic Site in northern British Columbia, regularly charges a $9.80 fee for day use / day running the trail. The 2017 Discovery Pass will cover this day use fee.
Regular fees remain in effect for other experiences and services, not limited to:
Kluane National Park and Reserve Ivvavik National Park Klondike NHS (Dawson)
● Guided Interpretive Walks ● Backcountry Camping ● Guided Interpretive Programs
● Camping at Kathleen Lake Campground ● Aircraft Access Permits ● Dawson City Escape! Room
● Firewood ● Fishing Licences ● 3rd Party Guided Tours of Dredge No. 4
● Backcountry Camping
● Aircraft Access Permits
● Fishing Licences
Vuntut National Park Chilkoot Trail NHS S.S. Klondike NHS
● Backcountry Camping ● Backcountry Camping ● Self-guided Brochures
● Reservation Fees ● 3rd Party Guided Tours
#5 Gold Exploration Project NNE of Watson Lake (Quartz Lake) - YESAB
If wilderness tourism operators currently provide services in the following area or are planning on operating in this area, please review the following project details and deadline for comments.
PUBLIC COMMENT PERIOD OPEN
For more details on this Banyan Gold project, visit their web site at http://www.banyangold.com/hyland-overview
Project Name: Renewal of Hyland Gold Project Class 3 Mining Exploration Permit
Proponent: Banyan Gold
Project Number: 2016-0201
Sector: Mining – Quartz
Deadline for Comments: January 19, 2017
Project Scope
Banyan Gold Corp. is proposing the continuation of a Class 3 mineral exploration program at the Hyland Gold (Quartz Lake) Property as well as the addition of 612 claims (totaling 927). The property is located in the southeast Yukon, approximately 70 km southeast of Watson Lake. Access will be by winter road via the Coal River Road, and by air (float plane/helicopter). Most activities are scheduled to take place from June through September; the winter road will be utilized in January to early March. Activities are proposed annually for 10 years.
Project Activities
• Winter road construction (existing winter road route 35 km off-claims; additional 5 km on-claims)
• Helicopter and float plane use
• Use of heavy equipment
• Exploration, geophysical surveys, geochemical sampling, geological mapping and prospecting, soil sampling
• Potential geotechnical drilling, metallurgical testing
• Clearing: up to 15 per claim, 100 m2 where vegetative mat removed, 100 m2 where trees/brush only removed; and <500 m3 helicopter pads (clearing of vegetation >2 m high)
• Line cutting with no vegetative mat removal (approx. 5 m long, total of 50 km over length of project)
• Upgrade existing roads (off-claim) (30 km x 5 m): snow clearing, vegetation clearing, tree cutting, grading and maintenance as required
• Construction of trails on-claim (50 km x 10 m)
• Construction of roads on-claim (20 km x 10 m)
• Drilling: diamond (500 holes, totaling approx. 100 000 m, RC/RAB (500 holes, totaling approx.30 000 m)
• Mechanized/hand tool trenching totaling <300 000 m3 (<100 trenches; 500 m x 2 m x 3 m)
• Use of existing camp (up to 35 people) and construction of secondary mobile camp (up to 20 people)
• Water use: up to 250 m3 per day for drilling and camp activities
• Waste management
• Fuel storage and use (up to 43 950 L diesel, up to 1 025 L Jet B, up to 1 025 L aviation fuel, up to 4 000 L gasoline, 500 L oil, 2 000 L propane, and1 000 L kerosene)
• Progressive reclamation and final camp decommissioning
For more information on this project or to submit your comments, please contact the designated office.
Watson Lake Designated Office, 820 Adela Trail Or PO Box 294 Watson Lake, Yukon Y0A 1C0 Phone: 867-536-4040 Fax: 867-536-4049 Email:
All personal information collected, used and disclosed by YESAB is governed by the Privacy Act. Your personal information is collected under the authority of YESAA for statistical and assessment purposes.
See more tourism news at http://www.tiayukon.com/
If youhaveinformation of interest to WTAY Members for the E-News, please send to
Wilderness Tourism Association of the Yukon
#4 - 1114 Front St., Whitehorse, YT Y1A 1A3
Tel. 867.668.3369 Fax 867.668.3370
E-mail:
www.wtay.comand www.yukonwild.com