• UPDATE: Positive news from PDAC 2025 as Minister Johnathan Wilkinson announced a two-year extension to the Mineral Exploration Tax Credit (METC) until 2027. This commitment sets the stage for the extension to be reflected in legislation once parliament resumes, and PDAC now awaits confirmation from CRA on how today's announcement will be administered if legislation doesn't materialize before April 1st. PDAC continues to advocate for making the METC a permanent fixture in Canada’s fiscal landscape, ensuring long-term certainty and fostering growth across the industry. 

We still need your help to amplify our call to make the METC permanent. Please sign our support form below to add your voice!

Did you know?

  • The Mineral Exploration Tax Credit (METC) has been an important part of Canada’s fiscal landscape for over 25 years.
  • The METC doesn’t require any outlay of public dollars by the Federal Government.
  • The tax dollars that government gives up administering the METC generates more than 7X in mineral exploration and economic activity within Canada.
  • METC funds must be spent on the ground within 18 months, which generates jobs, corporate, personal, fuel and other tax revenue that effectively make the METC cost neutral for Government.