TAX SHELTER 2025

DO YOUR MATH

| Source: Ministère des Ressources naturelles et des Forêts |

For fiscal year 2025, the net after-tax cost per $1,000 of flow-through, where the taxpayer reaches the highest marginal taxation rate, is:

$198.12 when the exploration expenditures target specified critical minerals identified under the 2022 Federal Budget Speech.

$306.78 when the exploration expenditures target minerals other than critical minerals

*Please contact a tax expert for further details relating to the tax savings.*

|NET COST| per tax bracket of $1000 in FT shares and |PROFIT THRESHOLD| for CRITICAL MINERALS (pdf)Download

|NET COST| per tax bracket of $1000 in FT shares and |PROFIT THRESHOLD| for OTHER MINERALS (pdf)Download

Detailed |BREAK-EVEN CALCULATIONS| for individuals (pdf)Download