Finance & Taxation

  • Supporting Mineral Exploration in Canada

    Jul 25, 2016
    In August, Mines Ministers from across Canada will gather in Winnipeg for their annual meeting. As they do, PDAC hopes that they will collectively call for the federal government to continue to sustain the two fiscal policy innovations that have helped make Canada the best place in the world to explore: the flow-through shares system, and the Mineral Exploration Tax Credit. Full story >>>
  • PDAC Participates in the Annual Mineral Outlook Dialogue

    May 17, 2016
    A number of PDAC staff attended and participated in the annual Mineral Outlook Dialogue organized by Natural Resources Canada. Full story >>>
  • Canada's Mineral Exploration Tax Credit (METC): Mistakes, myths and misconceptions

    Jan 28, 2016
    Innovation is a hot topic these days. For most, the term conjures up images of geniuses playing foosball in the open concept offices of a high-tech company. Yet innovation is not just about gizmos and gadgets—it can also arise within the arcane world of taxation policy.One is which, Canada is world renowned. Full story >>>
  • The Cooperative Capital Markets Regulatory System

    Dec 24, 2015
    As the leading voice for Canada’s mineral exploration and development sector, the PDAC views the establishment of the Capital Markets Regulatory System as an instrumental step in helping our members succeed in financing their exploration activities. It seeks to create a harmonized regulatory system for our industry across Canada that is efficient and will help contribute economic growth. Full story >>>
  • Downturn in mineral financing: A mid-year review

    Oct 02, 2015
    The exploration sector continues to face a challenging capital raising environment with no signs of a turnaround. Full story >>>
  • Update on Changes to Canadian Exploration Expense Treatment of Environmental Studies and Community Consultations

    Aug 13, 2015
    Certain exploration costs associated with community consultation and environmental studies are classified as Canadian Development Expenses (CDE) instead of Canadian Exploration Expenses (CEE) when... Full story >>>
  • The Tyranny of Distance: Northern Infrastructure - Challenges and Opportunities

    Jun 24, 2015
    PDAC staff presented at the North of 60 Forum in Yellowknife on June 11th, which was focused on “Actualizing the True Economic Potential”. Full story >>>
  • Levelling the playing field: PDAC advocates for fiscal incentives to offset the higher costs of remote exploration and mining

    Jun 05, 2015
    Canada’s base metal reserves have been declining since the 1980s. To reverse this decline, Canada will need to support exploration and production in remote parts of Canada. Full story >>>
  • State of Mineral Finance: 2015 – Déjà Vu

    Feb 27, 2015
    The State of Mineral Finance document is a new report that assesses the vitality of Canada’s mineral exploration industry. This comprehensive document includes information on the latest financing trends against the background of macro-economy, commodity prices and securities market regulatory developments. Full story >>>
  • Capital Crisis

    Oct 29, 2014
    In December 2012, mining industry analyst John Kaiser caused shockwaves to ripple throughout the industry when his research suggested that up to 700 exploration companies could be in danger of disappearing by the end of 2013, with less than $200,000 of working capital in their bank accounts. Kaiser’s report cast a spotlight on the precarious financial health of the grassroots exploration industry; risk-tolerant money has been drying up, and what little is out there has been flowing to companies with flagship projects. Full story >>>
  • Super Flow-Through Program

    Oct 03, 2014
    Canada’s Mineral Exploration Tax Credit has been a very successful program for mineral exploration in Canada. Full story >>>
  • Exploration Incentives in Canada

    Jul 14, 2014
    PDAC has prepared a compilation of all financial incentives available for exploration at both levels of government (federal and provincial/territorial), which includes tax incentives, grants and direct and indirect financial assistance. Full story >>>
  • Guidelines for Determining the Tax Treatment of Certain Exploration Expenses

    Jul 11, 2014
    Guidelines for Determining the Tax Treatment of Certain Exploration Expenses is now available online. Full story >>>
  • A stormy landscape: A helping hand

    Jul 09, 2014
    An inside look at how explorers and developers are navigating the capital crisis with federal and provincial assistance. Full story >>>
  • Canadian jurisdictions improve their incentives for mineral exploration and prospecting (2013)

    Jan 16, 2014
    Financing for grassroots mineral exploration has been drying up over the last three years, leaving hundreds of exploration companies facing a capital crisis. In response to this crisis, the PDAC and its partner associations across Canada have been calling for provincial and territorial governments to take action by (amongst other things) increasing their fiscal supports for prospecting and exploration. Full story >>>
  • PDAC and CMIF submission to the 2013 Energy and Mines Minister Conference 2013

    Jan 14, 2014
    PDAC staff called for greater public support for mineral exploration and mining at the annual Energy and Mines Ministers Conference (, held in August 2013 in Yellowknife, NWT. In addition to putting forward concise, innovative requests for federal support via Budget 2014 (, PDAC also worked with CMIF to identify specific actions that provinces and territories could take to respond to the crisis in mineral exploration financing. Full story >>>
  • PDAC Research Paper Advocates For Long Term METC Extension

    Feb 27, 2013
    Mining is a strategic industry for Canada, and exploration, as its research and development phase, is its driving force.The PDAC has recommended to the federal government that the 15% Mineral Exploration Tax Credit should be renewed. Full story >>>
  • February 8, 2013

    Feb 27, 2013
    The Prospectors and Developers Association of Canada (PDAC) requests your help in completing this survey to ensure that funding from Flow-Through Shares and other tax incentives for mineral exploration in Canada continue to provide optimum benefits to the exploration industry. Full story >>>
  • Finance & Taxation

    Feb 28, 2012
    The PDAC’s Financial and Taxation Committee works on financial reporting and taxation issues with the objective of creating a regime that enables investment, applies fair tax policies, fosters financial reporting requirements. Full story >>>
  • Current Issues

    Feb 27, 2012
    The Mineral Exploration Tax Credit (METC) program is due to expire on March 31, 2012. The PDAC and others have been advocating for the METC’s extension in the 2012 federal budget. Full story >>>