CRA permits the consolidation of group reclamation trusts

The definition in s. 211.6(1) of a "qualifying environmental trust" refers to a trust that is maintained solely for the purpose of funding the reclamation of "a" qualifying site.  CRA has previously ruled (2012-0463471R3) respecting the settlement of a single new reclamation trust with respect to multiple mining sites of a Canadian public mining corporation.

Going one step further, CRA has now ruled respecting four affiliated mining companies who will dissolve their four existing reclamation trusts and replace them by a single reclamation trust for the previously-covered sites.

Neal Armstrong.  Summary of 2013 Ruling 2012-0463871R3 under s. 211.6(1) - qualifying environmental trust.