Province Reintroduces Mineral Exploration Tax Credit

Thanks to the reintroduction of the Saskatchewan Mineral Exploration Tax Credit program we are more attractive than ever! A news release from November 13, 2008 has announced that the program is estimated to cost $2 Million annually but the expectation for mineral exploration spending in Saskatchewan should top $360 Million in 2008. This is a great way to keep that momentum going in the global economic crisis.

What is it? The provincial program offers a non-refundable 10% tax credit to Saskatchewan taxpayers who invest in eligible flow-through shares issued by mining or exploration companies after April 1, 2008. This was a election promise of our government and this tax credit reflects our commitment to encouraging investment in exploration, and in long-term, sustainable development of our rich mineral resources.

Kari Calder
Saskatoon Real Estate Agent
Century 21 Conexus Realty Ltd.

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