CRA rules on construction costs of an underground ramp as CEE

CRA gave a ruling regarding the qualification of expenditures, on an underground mineral drilling program to expand the proven and probable reserves of a mineral deposit, as Canadian exploration expense under para. (f) of the definition, including expenditures for an underground ramp which not only facilitated the underground drilling but would be used to bring ore up to the surface once production commenced.

Neal Armstrong. Summary of 2020 Ruling 2019-0826011R3 under s. 66.1(6) – Canadian exploration expense – (f).