Flow-through Shares: Tax Incentive for Individuals 2022/2023
This webinar will describe a unique Canadian tax incentive that provides significant tax benefits to individuals.
This webinar will describe a unique Canadian tax incentive that provides significant tax benefits to individuals. The webinar will focus on flow-through shares issued by mining corporations. This webinar includes the Budget 2022 amendment for a Critical Mineral Exploration Tax Credit.
Features:
• Definition of a “flow-through share”, with tips and traps
• Tax attributes of flow-through shares for the individual investor
• An overview of the mining industry and the tax incentives
• Renunciation rules, along with tips and traps
• Benefits of typical flow-through shares and “Super flow-through shares”, and ways of evaluating the benefits, including:
• Calculating the “break-even sales price” of a Super flow-through share and a typical flow-through share
• Calculating the net cost of a Super flow-through share and a typical flow-through share in the different provinces and territories
• Purchasing a unit of a Flow-through Limited Partnership, with tips and traps
• Donations of flow-through shares to Registered Charities
• Strategies for seniors
• Risks and mitigation strategies
Flow-through shares provide significant tax benefits to individual investors who are in the highest marginal tax bracket and are looking for ways to reduce personal tax payable.
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1 Video
Flow-through Shares: A “Made-in-Canada” Tax Incentive for Individuals
1h 5m 24s
I worked for 33 years with the CRA. In particular, I worked for the Income Tax Rulings Directorate as an income tax specialist in the area of personal trusts, corporate financing, corporate reorganizations, renewable energy and the tax incentives for the natural resources industry. I have issued numerous advance income tax rulings on loss consolidations, butterfly reorganizations, internal reorganizations, trust and partnership reorganizations. I was involved in identifying avoidance transactions and working with the Department of Finance in drafting legislative amendments to the Income Tax Act. Since my retirement, I have been working as a part-time tax consultant, an Adjunct professor of Corporate Taxation and have recorded a training video on the Disability Tax Credit. I enjoy sharing my knowledge and experience with other CPAs.
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