Closed
Ontario Focused Flow-Through Share Tax Credit
Refundable tax credit for Ontario mineral exploration
Last Update: April 21, 2026
Funding available
Up to 5% of project cost
Timeline
- Receipt of requests is now closed
Location
Ontario
Overview
This program offers a refundable tax credit of 5% for eligible Ontario mineral exploration expenses. It supports mineral exploration in Ontario and claims linked to eligible flow-through shares and qualifying resource expense forms.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Implement environmental initiatives
- Conduct research and development activities
- Reduce environmental footprint
Eligible Funding
- Up to 5% of project cost
Timeline
- Receipt of requests is now closed
Eligible candidates
Eligible Industries
- Mining, quarrying, and oil and gas extraction
Location
- Ontario
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- All groups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Mining exploration activities in Ontario.
- Activities to determine the existence, location, extent, or quality of a mineral resource.
- Environmental studies and community consultations linked to exploration.
Documents Needed
- Personal Income Tax and Benefit Return
- Ontario Credits form (ON479)
- Ontario Focused Flow-Through Share Resource Expenses form (T1221)
- Credit certification documents from the mining exploration company
- Statement of Resource Expenses (T101) or Statement of Partnership Income (T5013)
Eligibility
Who is eligible?
- Individuals.
- Partnership members.
- Estates filing a final return.
Who is not eligible
- Trusts.
- Corporations.
- Corporate partners.
Eligible expenses
- Prospecting, surveys, drilling, trenching, and test pits.
- Labour, field supervision, contractors, consultants, supplies, and equipment rental.
- Related indirect costs such as transport, sample shipment, food and lodging, and equipment mobilization in Ontario.
Ineligible Costs and Activities
- Expenses related to an existing mine or its extension.
- Canadian development expenses and exploration-development overhead expenses.
- Seismic data purchases and expenses related to oil or gas wells.
- Legal and financial costs tied to financing or property payments.
Eligible geographic areas
- Ontario
Processing and Agreement
- Claim is reviewed when the tax return is assessed.
- Any excess credit is issued as a tax refund after assessment.
- Keep supporting documents if filing electronically, as CRA may request them later.
- Formal objections follow the CRA notice of assessment or reassessment process.
Additional information
- The credit is refundable.
- It can be claimed on a personal income tax return, even with no tax owing.
- It can be claimed individually, through a partnership, or on a deceased taxpayer's final return.
Contacts
Frequently Asked Questions about the Ontario Focused Flow-Through Share Tax Credit Program
Here are answers to the most common questions about the Ontario Focused Flow-Through Share Tax Credit. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.
What is the Ontario Focused Flow-Through Share Tax Credit?
This program offers a refundable tax credit of 5% for eligible Ontario mineral exploration expenses. It supports mineral exploration in Ontario and claims linked to eligible flow-through shares and qualifying resource expense forms.
How much funding can be received?
Ontario Focused Flow-Through Share Tax Credit Funds up to 5% of admissible expenses.
Who is eligible for the Ontario Focused Flow-Through Share Tax Credit program?
To be eligible for the Ontario Focused Flow-Through Share Tax Credit program, you must:
Ontario resident taxpayer.
Eligible flow-through shares purchased.
Ontario mining exploration corporation.
What expenses are eligible under Ontario Focused Flow-Through Share Tax Credit?
Mining exploration activities in Ontario.
Activities to determine the existence, location, extent, or quality of a mineral resource.
Environmental studies and community consultations linked to exploration.
Who can I contact for more information about the Ontario Focused Flow-Through Share Tax Credit?
You can contact Canada Revenue Agency (CRA) by email at none or by phone at 1-877-627-6645.
Where is the Ontario Focused Flow-Through Share Tax Credit available?
The Ontario Focused Flow-Through Share Tax Credit program is available the province of Ontario.
Is the Ontario Focused Flow-Through Share Tax Credit a grant, loan, or tax credit?
Ontario Focused Flow-Through Share Tax Credit is a Tax Credits