WebNov 10, 2024 · Source: Instructions for the Flow-Through Share Program, Canadian Revenue Agency Notwithstanding the foregoing, there is a special rule (the “Look-Back … WebLook-back Rule. Under the look-back rule, a FT Share Issuer may enter into a flow-through share agreement with an investor in a calendar year and renounce certain eligible expenditures effective December 31 of that year even though such expenditures have not been incurred. ... To extend the period for FT Share Issuers to incur eligible expenses ...
Budget 2024: Significant Changes to the Flow-Through Share …
WebDec 16, 2024 · look-back rules for flow -through share agreements that were entered into in 2024 or 2024. As a result of the extension, the corporation will have until 31 December 2024 versus 31 December 2024 for a flow-through share agreement entered into in 2024 and renounced by 31 December 2024. 3. WebDec 16, 2024 · Under the look-back rule, a flow-through share issuer can enter into a flow-through share agreement with an investor in a calendar year and renounce to the investor eligible CEE effective December 31 of that year, despite not having yet incurred the expenditure at the time of renunciation. The flow-through share issuer does, however, … novelkeys cream specs
How the flow-through share (FTS) program works
WebFeb 9, 2015 · In certain circumstances, entities may issue flow-through shares with attached share purchase warrants, which in substance represents: the issuance of an … WebDec 31, 2024 · by 12 months under the look-back rule for flow-through share agreements that were entered into in 2024 or 2024. As a result of the extension, the corporation will have until 31 December 2024 instead of 31 December 2024 for a flow-through share agreement entered in 2024 and renounced by 31 December 2024. 3. WebHow the flow-through share (FTS) program works. Individuals, trusts, corporations, and partnerships can invest in FTSs, but only the original investors can deduct the amounts renounced to them. The corporation that issues the FTS must be a principal … On July 10, 2024, the Government of Canada announced changes to protect … Useful links for investors on flow-through share including how works the program, … how to sort rows in excel alphabetically