Google Translate Disclaimer

A number of pages on the Government of Saskatchewan`s web site have been professionally translated in French. These translations are identified by a yellow text box that resembles the link below and can be found in the right hand rail of the page. The home page for French-language content on this site can be found here:

Renseignements en Français

Where an official translation is not available, Google™ Translate can be used. Google™ Translate is a free online language translation service that can translate text and web pages into different languages. Translations are made available to increase access to Government of Saskatchewan content for populations whose first language is not English.

The results of software-based translation do not approach the fluency of a native speaker or possess the skill of a professional translator. The translation should not be considered exact, and may include incorrect or offensive language Government of Saskatchewan does not warrant the accuracy, reliability or timeliness of any information translated by this system. Some files or items cannot be translated, including graphs, photos, and other file formats such as portable document formats (PDFs).

Any person or entities that rely on information obtained from the system does so at his or her own risk. Government of Saskatchewan is not responsible for any damage or issues that may possibly result from using translated website content. If you have any questions about Google™ Translate, please visit: Google™ Translate FAQs.

Saskatchewan Mineral Exploration Tax Credit

The Saskatchewan Mineral Exploration Tax Credit (SMETC) offers a non-refundable 10% tax credit to Saskatchewan taxpayers who invest in eligible flow-through shares issued by mining or exploration companies.

1. Benefits

This tax credit is intended to encourage long-term, sustainable development of Saskatchewan's mineral resources and to enhance Saskatchewan's competitiveness in mineral exploration.

2. Eligibility


Individuals, other than trusts, must have purchased eligible flow-through share (in accordance with section 66 of the federal Income Tax Act) from an approved mining exploration corporation.


Investments by partnerships must be broken down to individuals, and tax credits are based only on eligible flow-through exploration funds slated for expenditure within Saskatchewan.

Exploration Companies

Any mineral exploration company wishing to issue flow-through shares or flow-through warrants and take advantage of the tax credit must apply to the Saskatchewan Ministry of Energy and Resources. If the application is approved, the company will receive written permission to issue up to a certain maximum amount of tax credits to its Saskatchewan investors.

3. How to Apply

Any mineral exploration company wishing to issue flow-through shares or flow-through warrants and take advantage of the tax credit must submit the following items:

  1. The business number of the corporation;
  2. A copy of completed Form T100A Flow-Through Share Information – Application for a Selling Instrument T100 Identification Number (SITIN) plus all other related documents required by Canada Revenue Agency;
  3. The Selling Instrument T100 Identification Number (SITIN) or T100 Identification Number (TIN ) issued by the federal authorities; and
  4. A completed Certificate of Planned Exploration Expenditures outlining the amount and value of the work to be conducted on each Saskatchewan disposition. If the work is of a reconnaissance nature over undisposed land, then the National Topographic System (NTS) reference of the survey area must be indicated.

The corporation that has issued flow-through shares and completed a share sale must complete and file the following items at appropriate times:

  1. Form T100B Flow-Through Share Information – Details of the Flow-Through Shares (FTSs) and Flow-Through Warrants (FTWs) Subscribed;
  2. Form T101 Statement of Resource Expenses;
  3. A completed Certificate of Incurred Exploration Expenditure; and
  4. Copies of all the completed SK-METC forms (provided by the Ministry).

Mineral exploration companies and partnership investors are required to complete the SK-METC form to comply with The Mineral Exploration Tax Credit Regulations, 2014 and provide one completed copy to the Ministry.

In the case of partnerships that have purchased eligible flow-through shares and have received a tax credit, it is the partnership’s responsibility to ensure that each of its members be issued the completed SK-METC form including each member’s name, Social Insurance Number, complete address and share in the tax credit. Copies of all documents issued by the partnership to its members must be sent to the Ministry.

It is the responsibility of the corporation to ensure that tax credits issued do not exceed amounts stipulated by the regulations.


4. Apply

Submit all required information and forms to:

Finance and Operations
Saskatchewan Ministry of Energy and Resources
1000 - 2103 - 11th Ave
Regina, SK  S4P 3Z8


5. Further Information

For further details regarding the Saskatchewan Mineral Exploration Tax Credit Program, please refer to The Mineral Exploration Tax Credit Regulations, 2014.

We need your feedback to improve Help us improve