WebJan 1, 2016 · The Prospectors and Developers Association of Canada said it best: "Flow-through shares have helped make Canadian mining firms world leaders, with head offices, consultants, contractors, suppliers ... WebNov 14, 2024 · The gross proceeds from the issue and sale of the Flow-Through Shares will be used by the Corporation to incur eligible "Canadian exploration expenses" that will qualify as "flow-through mining expenditures" as such terms are defined in the Income Tax Act (Canada) (the "Qualifying Expenditures") related to the Corporation's projects in …
Flow-through share financings for mining exploration …
WebJul 10, 2024 · Flow-through shares (FTSs) On July 10, 2024, the Government of Canada announced changes to protect jobs and safe operations of junior mining exploration and … WebFTS investors may benefit from: deductions from income through renounced expenses; an investment tax credit (ITC) on flow-through mining expenditures for individuals; and. … crystal reports remove comma from string
Flow-through shares: Canada’s quirky tax innovation
WebMar 5, 2007 · Flow-through shares are issued by Canadian companies and allow individual shareholders to deduct from their personal income the money junior mining companies spend on exploration in Canada. Regular flow-though financing allows a 100% deduction, while “super” flow-throughs give inves-tors an extra 15% tax credit. WebJun 1, 2012 · One of the financial incentives made available to the mining industry is flow-through shares (FTS). A FTS is a tax-based financing incentive and is a type of share … WebNov 5, 2024 · As a result, flow-through share offerings have proven to be an effective way for mining companies to raise funds for certain types of exploration and development activities in Canada and, in many cases, shares issued pursuant to “flow-through” financings can be priced at a premium to the prevailing market price of the listed shares … crystal reports remove comma from number