Correct. That development expense that's normally 30% was deemed to be a Canadian exploration expense, and they'd be able to deduct it at 100%. You're right that they would only be able to claim a development expense at the 30% rate.
November 2nd, 2017 / 4:45 p.m.
Senior Tax Policy Officer, Business Income Tax Division, Tax Policy Branch, Department of Finance
Correct. That development expense that's normally 30% was deemed to be a Canadian exploration expense, and they'd be able to deduct it at 100%. You're right that they would only be able to claim a development expense at the 30% rate.
See context to find out what was said next.