"...In keeping with its past preference for tax credits, and as Trudeau’s Liberals advertised in their election platform, the budget includes a non-cash, new “Critical Mineral Exploration Tax Credit.”
The measure would allow mining companies to claim up to 30 per cent of specified exploration expenses related to critical minerals as a tax credit; or to be claimed as a flow-through share agreement, in which such tax credits are passed on to investors. That would last until March 2027.
The budget adds that the tax credit would help enhance Canada’s capital markets, perhaps setting up Toronto to take a leading role in global mining finance...."
https://financialpost.com/commodities/energy/how-trudeau-proposes-to-make-canada-a-key-supplier-of-critical-minerals
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