On 16 December 2020, Canada’s Department of Finance released draft legislative proposals to implement the previously announced measures aimed at extending by 12 months the timelines for resource corporations to incur eligible expenses. The legislative proposals follow on from the Department’s 10 July 2020 announcement concerning the flow-through share rules in order to alleviate the challenges faced by exploration companies in the mining industry amid the COVID-19 pandemic. Further det…
EYCanada Finance releases legislative proposals on time extension to incur flow-through qualifying expenditures
