{
  "id": 13171948,
  "title": "Tax breaks could spur $1.1B more in exploration: AME",
  "url": "https://urgent.news/2026/10/09/tax-breaks-could-spur-1-1b-more-in-exploration-ame",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-09T15:30:00.000Z",
  "source": {
    "name": "Mining.com",
    "slug": "mining-com",
    "url": "https://www.mining.com/tax-breaks-could-spur-1-1b-more-in-exploration-ame/"
  },
  "original_language": "en",
  "account": "The Association for Mineral Exploration (AME) estimates that expanding Canada's mining tax incentives could lead to an additional $1.1 billion (C$1.6 billion) in annual exploration spending, according to a new analysis commissioned by the BC-based group. The assessment, conducted by accounting firm EY, suggests that including feasibility work in eligible exploration expenses and extending tax credits could potentially advance three to five new mines under favorable market and policy conditions. EY's analysis also highlights the potential economic benefits, with higher exploration spending projected to contribute between C$5.2 billion and C$12.2 billion to Canada's GDP over the 2026–2035 period. This could translate to an additional 14,000 to 34,000 full-time equivalent jobs over a decade, rather than permanent employment. The AME president and CEO, Todd Stone, emphasized the importance of securing mineral supply chains and strengthening Canada's military capacity and long-term national and industrial sovereignty. The Canadian mining industry is seeking to add engineering, feasibility, and technical costs to the list of eligible deductions under Canadian exploration expenses, a category that currently only includes engineering, feasibility, and technical costs. This push targets a financing gap between discovering a deposit and determining its economic viability or engineering feasibility. The Liberal Party's election platform pledged to expand eligible exploration activities, but Budget 2025 explicitly excluded expenses incurred to determine a mineral resource's economic viability or engineering feasibility from Canadian exploration expenses. This proposal followed a British Columbia Supreme Court decision that allowed a broader interpretation of the provincial equivalent of the deduction. AME is seeking broader eligibility for Budget 2026, building on its earlier appeal to Finance Minister François-Philippe Champagne. The expanded incentives could cost $6.6 billion in forgone tax revenue over 10 years, according to EY's estimates.",
  "summary": "Expanding Canada’s mining tax incentives may boost exploration spending by $1.1 billion, EY estimates.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}