This program is designed for businesses like yours, offering a unique opportunity to invest in mineral exploration within Saskatchewan. By purchasing eligible flow-through shares from approved mineral exploration companies, you can claim a tax credit of 45% to 60% on your investment. This means significant savings on your taxable income, making it a smart financial move.

Why Apply?

• Substantial Tax Credits: Up to 60% in combined provincial and federal tax credits.
• Enhanced Competitiveness: Boost your business's competitiveness in the mineral exploration sector.
• Sustainable Development: Contribute to the long-term, sustainable development of Saskatchewan's mineral resources.

What's in it for You?

• Financial Benefits: Reduce your taxable income through flow-through shares.
• Easy Qualification: If your business is already involved in mineral exploration, you likely meet the criteria.
• Capital Raising: Approved companies can raise capital more efficiently, aiding in exploration activities.

Applying is straightforward and can provide your business with both immediate and long-term financial advantages.

Type of Financing: Tax Credit

Repayment Terms and Interest Rates:

• This is a tax credit, so there is no repayment required.
• No interest rates apply.

Eligible Expenses:

• Expenses related to mineral exploration activities within Saskatchewan.
• Costs associated with purchasing eligible flow-through shares from approved mineral exploration companies.

Use of Funds:

• Funds can be used to cover exploration expenses that are renounced by the mineral exploration company to the investor.

Restrictions on Use of Funds:

• Funds cannot be used for non-exploration activities.
• Expenses not directly related to mineral exploration within Saskatchewan are ineligible.

Fees:

• No fees are associated with applying for or receiving this tax credit.

This program offers a valuable opportunity for your business to invest in mineral exploration activities within Saskatchewan. By purchasing eligible flow-through shares from approved mineral exploration companies, you can receive a tax credit ranging from 45% to 60%. This includes a 30% provincial tax credit and an additional 15% to 30% federal tax credit.

Flow-through shares allow mineral exploration companies to pass their tax expenses to you, the investor. You can then deduct these expenses from your taxable income, reducing your overall tax burden. This means more money stays in your business, helping you grow and invest further.

The program is designed to support the long-term, sustainable development of Saskatchewan's mineral resources. By participating, you not only benefit financially but also contribute to the province's economic growth and competitiveness in mineral exploration.