Today, the Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources, announced on behalf of the Honourable Dominic LeBlanc, Minister of Finance and Intergovernmental Affairs, that the federal government proposes to extend the 15 per cent Mineral Exploration Tax Credit for investors in flow-through shares for an additional two years, until March 31, 2027.
The Mineral Exploration Tax Credit, which was scheduled to expire on March 31, 2025, provides important support to junior mineral exploration companies working to unlock Canada's tremendous mineral wealth, creating jobs, and growing the economy. This extension is expected to provide $110 million to support mineral exploration investment.
Canada's abundant minerals and metals are a key driver of our economy, and the Government of Canada is investing to support the talented workers, infrastructure, innovation, and environmental stewardship necessary to sustainably develop our natural resources, creating good-paying jobs that grow the economy.
