On February 27, 2018, Finance Minister Bill Morneau tabled in the House of Commons the Liberal Government’s third budget, Equality + Growth = A Strong Middle Class (“Budget 2018”). Budget 2018 proposes to extend, for another year, until March 31, 2019, eligibility for the 15-per-cent mineral exploration tax credit on eligible expenses under flow-through share agreements. The mineral exploration tax credit helps junior exploration companies to raise capital from individual investors to finance “grassroots” mineral exploration away from an existing mine site. For a discussion of these tax measures as well as others in Budget 2018, please see McCarthy Tétrault’s Budget 2018 Commentary.
About This Blog
This blog discusses trends and developments in mining law in Canada and internationally; offers practical suggestions and insights on developments that affect the players in the industry; and provides guidance on how to address various challenges and opportunities in the life cycle of mining companies.