TAX CREDITAll of Canada

Mineral Exploration Tax Credit (METC)

Last verified: June 2026

Federal 15% credit for flow-through share investors in mineral exploration. Used by mining companies to raise exploration capital. Recently extended through 2027.

See if I qualify Official page

Estimated value

15% of qualifying exploration expenses (to investor)

Approval likelihood

Medium

Ready to apply score

80/100

Documents needed

Eligibility

Business types:incorporated
Industries:Other
Provinces:All of Canada

What you'll need

Flow-through share agreement
T101 statement to investors
Detailed exploration expense records

How to apply

1Structure exploration program to qualify
2Issue flow-through shares to investors
3Renounce expenses via T100/T101
4Investors claim credit on their tax return

Deadline:METC extended to March 31, 2027 (two-year extension announced March 3, 2025). Tied to flow-through share issuance under the look-back rule

Is your business a fit for Mineral Exploration Tax Credit (METC)?

Take the 3-minute quiz to find out, and see every other Canadian program you qualify for at the same time.

Check my eligibility

Related programs

TAX CREDIT

GST/HST Input Tax Credits (ITCs)

5–15% back on all business expenses

TAX CREDIT

Apprenticeship Job Creation Tax Credit

Up to $2,000 per apprentice per year

TAX CREDIT

Canadian Film or Video Production Tax Credit (CPTC)

25% of qualifying labour expenditures

DeductlyCA

FR Log in Start free

All programs

TAX CREDITAll of Canada

Mineral Exploration Tax Credit (METC)

Last verified: June 2026

Federal 15% credit for flow-through share investors in mineral exploration. Used by mining companies to raise exploration capital. Recently extended through 2027.

See if I qualify Official page

Estimated value

15% of qualifying exploration expenses (to investor)

Approval likelihood

Medium

Ready to apply score

80/100

Documents needed

Eligibility

Business types:incorporated
Industries:Other
Provinces:All of Canada

What you'll need

Flow-through share agreement
T101 statement to investors
Detailed exploration expense records

How to apply

1Structure exploration program to qualify
2Issue flow-through shares to investors
3Renounce expenses via T100/T101
4Investors claim credit on their tax return

Deadline:METC extended to March 31, 2027 (two-year extension announced March 3, 2025). Tied to flow-through share issuance under the look-back rule

Is your business a fit for Mineral Exploration Tax Credit (METC)?

Take the 3-minute quiz to find out, and see every other Canadian program you qualify for at the same time.

Check my eligibility

Related programs

TAX CREDIT