1 March 1991 T.I. 7-4631

Only feasibility study costs in relation to a mineral deposit which are of a current rather than a capital nature are deductible under section 9.

"Generally, our position on feasibility studies is that they are too remote from activities undertaken to actually determine the existence, location, extent or quality of a mineral resource in Canada to qualify as CEE under subparagraph 66.1(6)(a)(iii) if they are undertaken to determine whether to proceed with the development of a mine."