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Are qualified mining exploration expenses claimed for METC also eligible for flow-through share treatment? Can the METC be “flowed through” to investors?

April 26, 2017claimed eligible expenses exploration metc mining qualified share treatment

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Are qualified mining exploration expenses claimed for METC also eligible for flow-through share treatment? Can the METC be “flowed through” to investors?

1 Answer

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10 Posted

No, the METC is not eligible for flow-through. However, corporations may flow through exploration expenses to investors, who may be eligible for the Mining Flow-Through Share Tax Credit. Please contact the Canada Revenue Agency at 1-800-663-1511 for more information on Mining Flow-Through Shares.