A Peat Lease is a legal agreement authorizing the extraction of peat from Crown Land.
Applicants must hold a Peat Exploration Licence.
"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
Unless otherwise specified, Fees exclude the harmonized sales tax (HST).
|Fee Description||Rate in $||Effective Date|
|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|
|Royalties (per standard bale)||Royalties/Redevances||2010-04-01|