INTIEACanada · (Ontario) Focused Flow-Through Share Tax Credit (OFFTS)PolicyIn force

(Ontario) Focused Flow-Through Share Tax Credit (OFFTS)

The OFFTS tax credit aims to stimulate mineral exploration in Ontario and to improve access to capital for small mining exploration companies. Under the regulation, eligible individual shareholders may receive a refundable tax credit of 5% of eligible Ontario exploration…

Dernière modification il y a 3 ans.

Vue extraite pour la lecture · Original pour les preuves de conformité

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Country / jurisdiction: Canada · Year: 2006 · Status: In force · Level: State/Provincial · Type: Voluntary

The OFFTS tax credit aims to stimulate mineral exploration in Ontario and to improve access to capital for small mining exploration companies. Under the regulation, eligible individual shareholders may receive a refundable tax credit of 5% of eligible Ontario exploration expenses, complementing the federal government’s 100% bonus deduction and 15% investment tax credit. Since 2011, 60% of mines that opened in Ontario were explored by junior exploration companies using OFFTS, leading to $4.3 billion in mine construction capital costs.

Official source: https://www.ontario.ca/document/ontario-focused-flow-through-share-tax-credit/ontario-focused-flow-through-share-tax

Source

https://www.iea.org/policies/17641

Document officiel chez le régulateur. Citez toujours cette URL — et non la page de détail Vantage — dans les preuves de conformité.

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