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Canada’s CEE and METC changes could spur up to 34,000 jobs

An impact assessment by EY projects the policy could add C$33 billion in mineral exploration activity over time, alongside $1.6 billion in annual spending.

Reported · Written up by our desk · Mining

Mining.com reports that the Association for Mineral Exploration released an economic impact assessment tied to Canada’s plan to expand eligible activities under the Canadian Exploration Expense, or CEE, and broaden the critical Mineral Exploration Tax Credit, or METC.

The assessment says the expanded CEE eligibility would cover engineering, feasibility, and technical costs, and it links the changes to a commitment the government is expected to advance through Budget 2026 later this year.

Mining.com says the report found the program could create as many as 34,000 full-time jobs over the next 10 years and drive an additional $1.6 billion in annual mineral exploration spending.

The assessment also projects up to C$33 billion, or $23.1 billion, in economic output associated with the policy changes.

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