Tax Credit
Provincial
Active
Ontario Focused Flow-Through Share Tax Credit
Government of Ontario (administered by Canada Revenue Agency via T1 return)
Maximum Credit
5% of eligible costs
Ongoing — claimed annually on individual T1 personal income tax return
Difficulty
Easy
Payment
Tax Credit Offset
Trend
Stable
First-Timers
Friendly ✓
Credit rate
5%
Ontario Focused Flow-Through Share Tax Credit provides up to 5% refundable tax credit on eligible Ontario mining exploration expenses renounced via flow-through shares. Refundable personal income tax credit of 5% for Ontario-resident individuals who invest in eligible flow-through shares from mining exploration companies conducting qualifying exploration in Ontario. Applications are accepted on an ongoing basis.
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Eligibility & Details
What this program funds and who can apply
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Program Description
Refundable personal income tax credit of 5% for Ontario-resident individuals who invest in eligible flow-through shares from mining exploration companies conducting qualifying exploration in Ontario. The credit stacks with the federal 15% Mineral Exploration Tax Credit and a full income deduction, making Ontario-based mineral exploration investment significantly tax-advantaged.
Eligibility Requirements
- Individual (not a corporation or partnership) who is a resident of Ontario on the last day of the taxation year. Trusts generally cannot claim, but an ESTATE may claim the credit on the final return of a deceased taxpayer.
- Must be subject to Ontario income tax for the year the credit is claimed
- Must purchase eligible flow-through shares in accordance with section 66 of the federal Income Tax Act
- Flow-through share corporation must have its principal business in mineral exploration and maintain a permanent establishment in Ontario at the time the eligible expenses are incurred
- Eligible expenses must be Ontario-based mining exploration activities (prospecting, geological/geophysical surveys, drilling for the purpose of determining the existence, location, extent, or quality of a mineral resource)
- Cannot be bankrupt during the tax year
- Expenses from producing mines, development costs, oil and gas wells, and seismic data purchases are ineligible
Provinces
Industries
Business Stage
Quick Assessment
Difficulty
Easy
Competition
Low
First-Timer
Friendly
Funding Details
- Amount
- 5% refundable tax credit on eligible Ontario mining exploration expenses renounced via flow-through shares
- Type
- Tax Credit
- Level
- Provincial
- Credit rate
- Up to 5% of eligible costs
- Deadline
- Ongoing — claimed annually on individual T1 personal income tax return
Program Scorecard
Competition, effort, and approval at a glance
Competition
Low
Deadline
Ongoing
Approval
Entitlement
Accessibility
--/5
Competition
--/5
Approval Rate
--%
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What's in this Playbook
Everything you need to claim Ontario Focused Flow-Through Share Tax Credit
Not a marketing summary. The actual checklist, intel, and stack strategy reviewers look for.
- 6 rejection pitfalls reviewers flag — so you catch them first
- 6-document checklist with what each reviewer is actually checking
- 4-step application timeline with prep hours per step
- Insider tip from program officers on what separates winners
- 2-program stacking strategy to combine with compatible funding
- Success profile + evaluation criteria — exactly what the program administrators check
$19 covers this one program. $39/mo covers every program, plus the workspace that walks you through each application.
How to claim
Insider tips, common pitfalls, and what successful applicants look like
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Insider TipThe Ontario credit is refundable — even investors with no Ontario tax owing receive the 5% as a cash refund.
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See what trips up most applicants for this program — and how to avoid it.
Rejection Pitfalls 6
- Claimant is a corporation, trust, or partnership — only individuals qualify
+5 more pitfalls
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See the most common reasons applications get rejected — before you submit yours.
Success Profile
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Evaluation Criteria
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Don’t lose this one to a preventable rejection
6 reasons applications get rejected, what successful claimants look like, and exactly what the program administrators check
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Application Playbook
Step-by-step process, required documents, and expenses
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4 steps
6 docs
Application Steps
1
Purchase Flow-Through Shares Subscribe to qualifying flow-through shares from an Ontario mining exploration corporation with its principal business in mineral exploration and a permanent establishment in Ontario. The subscription agreement governs the renouncement of eligible Canadian Exploration Expenses (CEE) to you as the investor.
Required Documents 6
✓ T1221 — Ontario Focused Flow-Through Share Resource Expenses form (individual investor files with T1)
✓ ON479 — Ontario Credits form (where the credit is computed and reported)
Eligible Expenses 7
Ineligible Expenses 6
Claim timing
Deadline Notes
Ineligible Organizations
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Funding Stack Strategy
Compatible programs, clawback risk, and combined funding potential
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2 partners
Compatible Programs
Federal Mineral Exploration Tax Credit (METC)
Ontario Junior Exploration Program (ID 395)
Combined Funding Potential
See your total funding potential
Clawback Risk
Low Risk
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How Ontario Focused Flow-Through Share Tax Credit Compares
Side-by-side with similar programs
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| Program | Amount | Difficulty | Payment | Deadline |
|---|---|---|---|---|
| Ontario Focused Flow-Through Share Ta... | 5% | Easy | Tax Credit Offset | Ongoing — claimed... |
| Ontario Junior Exploration Program (O... | Up to $200,000 | Easy | Reimbursement | 2026-27 intake deadline... |
| PrairiesCan (Prairies Economic Develo... | Varies | Hard | Reimbursement | Ongoing |
| Mining Innovation Commercialization A... | Up to $500,000 | Moderate | Reimbursement | MICA operator challenges... |
| Critical Minerals R&D and Demonstrati... | No published per-project maximum | Hard | Milestone-Based | Open — Expressions of... |
Related Programs
Other programs you might be eligible for
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Frequently Asked Questions
Quick answers to the questions founders most often ask about Ontario Focused Flow-Through Share Tax Credit
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Is this credit for investors or for mining companies?
Individual investors claim the credit — not the mining company itself. When you buy flow-through shares, the mining company renounces its exploration expenses to you. You claim the 5% Ontario credit plus the 15% federal Mineral Exploration Tax Credit on your personal T1 return.
Can corporations invest through flow-through shares to get this credit?
No — only individual Ontario residents can claim the Ontario credit. Corporations and trusts are explicitly ineligible.
What is the total combined tax benefit?
On a $10,000 investment: $500 Ontario refundable credit + $1,500 federal METC + approximately $1,000-$1,300 in federal/Ontario tax savings from the income deduction = total benefit of ~$3,000-$3,300, reducing your effective cost to ~$6,700-$7,000.
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Full Playbook: Ontario Focused Flow-Through Share Tax Credit
4 steps · 6 docs · reviewer insights