Tax Credit
Mineral Exploration Tax Credit
The Mineral Exploration Tax Credit (METC) is designed to help exploration companies raise equity funds. It can be used in addition to the regular tax deduction associated with flow-through share investments.
- 4.5/5.0
- Natural Resources Canada (NRCan)
- All levels
- Last updated 11 months ago
- English
Description
The Mineral Exploration Tax Credit (METC) is designed to help exploration companies raise equity funds. It can be used in addition to the regular tax deduction associated with flow-through share investments.- To help exploration companies raise equity funds.
- Expenses eligible for the METC are specifically defined as flow-through mining expenditures (FTME).