Tax Credit
Manitoba Mineral Exploration Tax Credit (MMETC)
The MMETC is a non-refundable personal income tax credit for resident investors in eligible flow-through shares of qualifying mineral exploration companies. Earned credits can only be applied against Manitoba income tax payable.
- 4.5/5.0
- Manitoba. Economic Development and Jobs
- All levels
- Last updated 3 years ago
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Description
The MMETC is a non-refundable personal income tax credit for resident investors in eligible flow-through shares of qualifying mineral exploration companies. Earned credits can only be applied against Manitoba income tax payable.- The MMETC was introduced in 2002 and renewed in 2007 to encourage and promote exploration and development of mineral deposits in the province.
- MMETC will more effectively stimulate investment in junior exploration companies operating in Manitoba and complements existing provincial incentives offered under the Mineral Exploration Assistance Program (MEAP).