The 2011 Federal budget ("Budget 2011") proposes that the Mineral Exploration Tax Credit, known also as the super flow-through share program, that was due to expire at the end of March 2011 be extended for an additional year to March 31, 2012. The temporary 15-per-cent Mineral Exploration Tax Credit helps companies raise capital by providing an incentive to individuals who invest in flow-through shares issued to finance mineral exploration.
Budget 2011 was tabled in the House of Commons on March 22, 2011 but was not adopted prior to the dissolution of Parliament on March 26, 2011.