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Flow-through shares (FTSs)

Certain corporations in the mining, oil and gas, and renewable energy and energy conservation sectors may issue FTSs to help finance their exploration and project development activities. The FTSs must be newly issued shares that have the attributes generally attached to common shares.

Junior resource corporations often have difficulty raising capital to finance their exploration and development activities. Moreover, many are in a non-taxable position and do not need to deduct their resource expenses. The FTS mechanism allows the issuer corporation to transfer the resource expenses to the investor. A junior resource corporation, in particular, benefits greatly from FTS financing.

The FTS program provides tax incentives to investors who acquire FTSs by allowing:

deductions for resource expenses renounced by eligible corporations; and
investment tax credits for individuals (excluding trusts) on resource expenses in the mining sector that qualify as flow-through mining expenditures.
The Canada Revenue Agency (CRA) reviews all FTS arrangements. Audits are carried out to monitor the program.

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Dealership’s “White Friday” Deal: Buy A New Vehicle Now, Get A Refund If It Snows 6 Inches On Christmas

(Firehouse Designs)

We’ve seen retailers make a big gamble for events like the Super Bowl (and lose millions in merchandise, in one case), but this might be the first time we’ve caught wind of a car dealership willing togive out free cars just to woo Black Friday shoppers.
In what one Chicago-area Buick dealership is calling a “White Friday” sale, customers who buy any brand new Buick or GMC vehicle on Nov. 28 and 29 will have the chance to get all that money back come Christmas, reports the Chicago Tribune.
The catch is, it has to snow six inches or more on Christmas Day, a measurement that must be recorded at the O’Hare International Airport weather station.
The chances of getting any amount of snowfall in Chicago on that day are between 40% to 50%, according to the Illinois Climatologist office, much less an entire six inches.
Even so, if the dealership is smart, it’s got some kind of insurance policy backing this deal up.
Dealership offers free cars if it snows on Christmas Day [Chicago…