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Canada to extend mineral exploration tax credit for 2 more years, minister says
- Canada is extending the 15 percent mineral exploration tax credit for two more years, as announced by Natural Resources Minister Jonathan Wilkinson at a convention in Toronto.
- The federal government expects the tax credit extension to free up $110 million for developing mining sites, primarily in the North.
- Wilkinson emphasized the importance of improving infrastructure for Canada’s critical minerals supply chain in light of recent political issues.
- Transportation Minister Anita Anand stated that better infrastructure is essential for supporting Canada's critical minerals supply chain.
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BNN Bloomberg+2 Reposted by 2 other sources
Canada 'open for business,' minister says as Ottawa pushes critical minerals mining
Natural Resources Minister Jonathan Wilkinson says that while other countries isolate themselves from foreign investment, Canada is “open for business.”
·Canada
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Canada Extending Tax Credit for Investors in Critical Mineral Exploration
The federal government is extending a tax break for those investing in critical mineral exploration. Natural Resources Minister Jonathan Wilkinson made the announcement today at the Prospectors and Developers Association of Canada convention in Toronto. The 15 percent tax cut is being extended for two more years and is expected to free up $110 million to help develop mining sites, primarily in the North. Critical minerals have become a leading p…
·New York, United States
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Coverage Details
Total News Sources21
Leaning Left5Leaning Right1Center4Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 40%
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