Manitoba Mineral Exploration Tax Credit (MMETC)
“Manitoba. Economic Development and Jobs”
The funder does not disclose this information
Maximum Eligible Amount
Tax Credit
Fund Type
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).
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