The following table summarizes the fees related to applications, rents and royalties for the acquisition and development of peat resources:
Service Type | Fee ($ CAD) |
---|---|
Peat Exploration Licence Application | 100.00 |
Peat Lease Application | 50.00 |
Peat Lease Reclamation Security per area of Crown peatland disturbed | 750.00 / ha |
Peat Lease Annual Land Rental per area leased | 5.00 / ha |
Peat Lease Renewal | 50.00 |
Peat Lease Transfer, Reduction, Subdivision, Amalgamation | 50.00 |
Royalty: – ordinary peat – value-added peat |
0.10 / bale 0.06 / bale |
A "bale" represents a volume of 0.170 m³ of peat where the peat is at approximately 50% moisture and compressed by a factor of two to one.
The base royalty is $0.10 per standard bale. For value-added peat products, the royalty is $0.06 per bale. “Value-added peat” means peat used in a product that is sold, on an equal volume basis, for a price at least twice that of ordinary peat. The value of ordinary peat for a given year is calculated based on the prescribed formula from subsection 25(3) of General Regulation 93-92 under the Quarriable Substances Act.