Tax Credit · Manitoba Provincial
Manitoba Mineral Exploration Tax Credit
Also known as: MMETC
30% non-refundable personal income tax credit for Manitoba-resident INVESTORS who buy eligible flow-through shares of companies doing mineral exploration in Manitoba. The company issues the shares; the investor claims the credit on their personal T1 (form T1241) — carry-forward 10 years / back 3. ⚠️ Not a grant application — refer to the investor's accountant.
⚠️ Personal T1 credit for the investor (not corporate T2) — refer to their accountant.
Who qualifies
- Junior exploration company conducting exploration physically in Manitoba issues eligible flow-through shares
- The credit goes to the Manitoba-resident investor (30% of the flow-through investment)
- ⚠️ Claimed on the investor's personal T1 (form T1241) — handled by accountant, not a grant application
Typical applicant
Junior mining / exploration companies raising capital via flow-through shares — the credit is the investors' incentive; refer to accountants
Verified against the official program page as of 2026-07-10. Programs change — always confirm current details with the program office before committing project spend.
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