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, Canada
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)
Official resources
Application form
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
Selection criteria
- Ontario residence status.
- Eligible flow-through shares purchased from a qualifying mining exploration corporation.
- Eligible Ontario exploration expenses reported on the required forms.
How to apply
- Step 1: Complete tax return
- Prepare your Personal Income Tax and Benefit Return.
- Step 2: Complete required forms
- Fill out Form ON479.
- Fill out Form T1221.
- Step 3: Attach supporting documents
- Attach T101 or T5013 certification documents if filing a paper return.
- Step 4: Submit your return
- File your tax return through the CRA filing method you use.
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
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) 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