Mineral Exploration Tax Credit

Plain meaning

A federal tax credit connected to eligible exploration expenses, including a separate critical-mineral version for specified minerals.

Also called

Key points

• The credit is often linked to flow-through share financing for exploration companies.
• Eligibility depends on the type of expenses, minerals, timing, investor, and final tax rules.
• The critical-mineral version targets specified minerals considered important to clean technology and strategic supply chains.
• Extensions or changes are usually announced through budgets, draft legislation, or Finance Canada releases.

Why it comes up

The credit appears in articles about mining exploration, critical minerals, clean technology, and federal tax incentives.