The Canadian Finance Minister has declared the current intention of Government is to give support for the mining and oil and gas industry:
- Federal Mineral Exploration Tax Credit: This private tax credit has been extended to 31st March 2016.
- Tax treatment of costs in order to obtain an exploration permit: These costs will be suitable for Canadian Exploration Expenses (CEE) and for immediate deduction of Canadian income tax purposes. They will also be appropriate for flow-through share treatment.