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Can the METC be claimed on exploration funded by grants received under the Prospectors Assistance Program?

April 26, 2017claimed exploration Grants metc program prospectors received

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Can the METC be claimed on exploration funded by grants received under the Prospectors Assistance Program?

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Qualifying expenditures must be reduced by any government assistance received or receivable. For example, if $100,000 of qualified mining exploration expenses is claimed, and a $10,000 Prospectors Assistance Grant is received, the METC would be ($100,000 – $10,000) x 20% or $18,000.