Fiscal Incentives

Updating Canadian Exploration Expenses

The income tax act defines which expenditures, incurred by a company exploring in Canada, constitute ‘Canadian Exploration Expenses’ (CEE). CEE is 100% deductible in the year in which they occur, whether claimed by a company or (via flow-through shares) by an investor. PDAC members have raised two important concerns over the last ten years, in response to which PDAC has undertaken significant research and advocacy efforts:

Expanding the scope of CEE

Including certain costs related to Aboriginal consultation and environmental studies.

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Working with Canada Revenue Agency (CRA)

PDAC advocates for consistent rulings by CRA on what expenses are considered CEE.

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