Crédit d'impôt pour exploration minière en Saskatchewan ### 📋 Eligible Entities - Individual taxpayers resident in Saskatchewan - Canadian-controlled private corporations (CCPCs) resident in Saskatchewan - Trusts resident in Saskatchewan with beneficiaries who are Canadian residents - Investors purchasing shares in eligible mining exploration or mining companies - Share purchasers must be Saskatchewan residents or corporations/trusts based in Saskatchewan ### 💰 Funding Details - Tax Credit Amount: Up to 60% non-refundable tax credit - Mechanism: Credit applied against Saskatchewan provincial income tax liability - Calculation: Credit equals 60% of the cost of eligible shares purchased - Repayability: Non-refundable credit (not repayable; reduces tax owed only) - Maximum Limit: Subject to Saskatchewan tax payable in the year claimed - Carryforward: Unused credits may be carried forward to subsequent tax years if annual limit exceeded ### 🛠️ Approved Expenses - Eligible Investment: Shares (common or preferred) issued by Saskatchewan mining exploration or mining companies - Share Types: Only shares issued for cash consideration qualify - Company Eligibility: Company must be incorporated in Saskatchewan and engaged in mineral exploration or mining operations - Qualifying Activities: Investment must support exploration or mining operations in Saskatchewan - Shares must be newly issued (not secondary market purchases) ### ⚠️ Conditions & Milestones - Residency Requirement: Taxpayer must be resident in Saskatchewan when shares are acquired - Flow-Through Share Compliance: Different rules apply if shares are flow-through shares (separate tax incentive program) - Holding Period: No minimum holding period requirement (shares may be sold) - Documentation: Investor must maintain proof of share purchase and company eligibility certificate - Company Registration: Mining company must be registered and authorized to issue eligible shares - Annual Claiming: Credit claimed in the tax year shares are purchased - Recapture Rules: No recapture if shares are sold or become worthless - Deemed Disposition: Standard capital gains treatment applies to share disposition