241 – Deduction for exploration and development expenses
You can deduct Canadian or foreign exploration or development expenses and Canadian oil and gas property expenses.
Do not include the following on line 241:
- the deduction for Québec exploration expenses that give entitlement to an additional deduction (this amount is to be entered on line 250);
- the additional deduction for Québec resources (this amount is to be entered on line 287); or
- the deduction for share- and security-issue expenses related to Québec resources (this amount is to be entered on line 297).
If you are claiming a deduction for exploration or development expenses, see the instructions for line 260 and complete Schedule N.