Tax Credit
Off-site Exploration Allowance
Mining companies that increase their exploration activities in search of new mines in Manitoba are entitled to a deduction equal to 150% of exploration expenditures. Eligible exploration expenditures in a given year must exceed the average of expenditures in the previous three years.
- 4.5/5.0
- Manitoba. Economic Development and Jobs
- All levels
- Last updated 1 month ago
- English
Description
Mining companies that increase their exploration activities in search of new mines in Manitoba are entitled to a deduction equal to 150% of exploration expenditures. Eligible exploration expenditures in a given year must exceed the average of expenditures in the previous three years.- To encourage exploration activities in search of new mines in Manitoba