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June 29, 2022
Question

Can Canadian Exploration Expenses (CEE) be carried forward

  • June 29, 2022
  • 1 reply
  • 0 views
I have renounced CEE's but I don't need to use them all this year can I carry a portion forward for future years

    1 reply

    February 5, 2023

    Yes, CEEs are 100% deductible in the year in which they occur. Taxpayers can carry unused balances forward indefinitely or transfer them to flow-through-share investors. For more information, Please See CRA website.

    Thank you for Choosing Turbo Tax.