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ARTICLE · 17 DECEMBER 2025

Flow-through Shares II: Special Circumstances Investors Should Know

Miller Thomson
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Flow-through shares ("FTSs") are a powerful tax-advantaged investment available in Canada. Beyond the basic deductions discussed in Flow-Through Shares Part I...

CanadaTax
Kathryn Walker
Kathryn Walker
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Flow-through shares ("FTSs") are a powerful tax-advantaged investment available in Canada. Beyond the basic deductions discussed in Flow-Through Shares Part I, several additional rules and incentives can significantly affect an investor's after-tax return. This article considers three key areas that often come up in advanced FTS planning: mineral exploration credits, Alternative Minimum Tax ("AMT"), and charitable donation strategies.

All legislative references in this article are to the Income Tax Act (Canada) (the "Act") unless otherwise specified.

What tax credits are available to investors?

The Mineral Exploration Tax Credit ("METC")

In addition to the standard flow-through share deductions, individual investors (other than trusts) may qualify for the federal METC.

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