MT File re: 2014 Federal Budget, File No.: 990001-100
The mineral exploration tax credit has been extended for a further one-year period. This provides a 15% tax credit for flow-through share investors. Other items which would impact the mining industry include amendments to the Hazardous Products Act, an allotment of $40 million for the Norther Economic Development Program over a two-year period and a number of Human Resource initiatives, principally with respect to training.
The government has also proposed changes with respect to corporate transparency, particularly in the area of access to information and corporate beneficial ownership.