Tax Credit
Mining Exploration Tax Credit for Corporate Income Tax
The mining exploration tax credit (METC) is for eligible corporations, and corporations that are active members of partnerships conducting grassroots mineral exploration in B.C.
- 4.5/5.0
- British Columbia. Finance
- All levels
- Last updated 1 month ago
- English
Description
The mining exploration tax credit (METC) is for eligible corporations, and corporations that are active members of partnerships conducting grassroots mineral exploration in B.C.- The credit applies to exploration for all base and precious metals, coal and some industrial minerals. Drilling expenses for oil and gas do not qualify.