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ARTICLE · 25 MAY 2006

Federal Budget 2006 Resurrection of the Super Flow-Through Share Program

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On May 2, 2006, the new Conservative government delivered its first budget. The Budget proposes to enact many of the tax-related proposals made by the Conservatives during the recent election campaign, including a limited reintroduction of the "super flow-through share" program.

CanadaTax
Michael Friedman
Michael Friedman
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On May 2, 2006, the new Conservative government delivered its first budget. The Budget proposes to enact many of the tax-related proposals made by the Conservatives during the recent election campaign, including a limited reintroduction of the "super flow-through share" program.

Flow-Through Shares/Super Flow-Through Shares

Canada's flow-through share and super flow-through share programs are tax incentives that are used to promote the exploration and development of mineral resources in Canada. Under the flow-through share program, a company may renounce, or "flow-through" to investors, tax expenses associated with the company's Canadian exploration activities. Investors can deduct these renounced expenses when calculating their own taxable income.

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