Mineral Exploration Tax Credit Manitoba

A taxpayer who invests in flow-through shares of qualifying mineral exploration companies may claim this credit. The tax credit that may be claimed by a taxpayer is equal to 30% of qualifying investments. The federal government recently passed amendments to the Income Tax Act (Canada) and Income Tax Regulations to establish a new Critical Mineral Exploration Tax Credit that provides an enhanced credit for exploration expenses related to certain critical minerals (ex. copper, nickel, lithium, etc.).

Grant Deadline

2024-08-29

Funding Amount

$200,000

Type of Grant

Tax Credit

Sectors

Mining

Demographics

Incorporation

For Profit

Perks

Region Restriction

This grant is restricted to whole of Canada

Keywords

Age Restriction

This grant is age restricted from 18 to 100

Eligibility and Requirements

Eligible tax payers in Manitoba

Grant Application website

https://www.gov.mb.ca/finance/personal/pcredits.html#mineral

Contact