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Canada’s federal govt extends 15% METS tax credit for another year

Canada’s federal government has extended the 15% Mineral Exploration Tax Credit (METC) until end-March 2018.
The METC helps junior mineral exploration companies raise capital by providing an incentive to individual investors in flow-through shares issued to finance ‘grassroots’ mineral exploration. This credit was in addition to the deduction provided to the investor for the exploration expenses ‘flowed through’ from the company that issued the shares.