Peat Lease
Natural Resources and Energy Development
Overview
A Peat Lease is a legal agreement authorizing the extraction of peat from Crown Land.
Eligibility
Applicants must hold a Peat Exploration Licence.
Description
"Value-added peat" means peat used in a product that is made in the Province, where that product is sold, on an equal volume basis, for a plant f.o.b. price of at least twice the ordinary price of peat.
A standard bale means a volume of 0.170 cubic metre of peat at approximately 50% moisture and compressed by a factor of two to one.
The term of a Peat Lease cannot exceed ten years. A lease may be renewed.
Changes To Fees
This document provides the rationale supporting changes to fees, associated revenue information, and the legal authority:
2010 NR Crown Land Rent.pdf,
2010 NR Royalties.pdf
Fees
Unless otherwise specified, Fees exclude the harmonized sales tax (HST).
| Fee Description | Rate in $ | Effective Date YYYY-MM-DD | |
|---|---|---|---|
| Peat Lease | |||
| Application | 10.00 | 1993-04-01 | |
| Lease | 50.00 | 1993-04-01 | |
| Written Authorization | 10.00 | 1993-04-01 | |
| Reduction, Subdivision, Amalgamation, or Enlargement of Land covered by a Peat Lease | 50.00 | 1993-04-01 | |
| Rental (per hectare) | 5.00 | 1993-04-01 | |
| Site Reclamation Security (per hectare of disturbed peatland) | 750.00 | 2012-11-29 | |
| Renewal | 50.00 | 1993-04-01 | |
| Transfer | 50.00 | 1993-04-01 | |
| Royalties (per standard bale) | Royalties/Redevances | 2010-04-01 | |
| Ordinary peat | 0.10 | 2002-07-01 | |
| Value-added peat | 0.06 | 2002-07-01 | |
| Contact Information | Location |
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