Credit on Duties Refundable for Losses

The government provides a credit on duties refundable for losses to help operators meet exploration expenses and mineral deposit evaluation and mine development expenses before production by refunding part of the eligible expenditures incurred. In accordance with the mining tax regime, this credit gives entitlement to a refund of 16%.

• The exploration expenditures incurred in Northern Québec include a 25% increase if the exploration expenditures have not been claimed by virtue of the tax credit for resources administered by Revenu Québec.
• The credit on duties refundable for losses is non-taxable and does not reduce the exploration expenses that an operator can claim under the Mining Tax Act, the Taxation Act and the Income Tax Act.

Log in with Google

OR

Get Started to Apply