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. 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, …
Lookback Rule Definition Law Insider
WebApr 13, 2024 · The "flow-through" share provisions contain a "look-back" rule that provides an additional tax advantage. Under the "look-back" rule, CRCE incurred in the year after the "flow-through" share subscription agreement is concluded may be renounced to the shareholders effective in the first year so that all the CRCE incurred in … WebThe portion of the proceeds received but not yet expended at the end of the Company’s period is disclosed separately as flow-through share proceeds.The Company may also be subject to a Part XII.6 tax on flow-through proceeds renounced under the Look-back Rule, in accordance with the Government of Canada flow-through regulations. phoenix greyhound station address
Budget 2024: Changes to Canadian Exploration Expense and Flow-Through ...
WebAug 18, 2024 · Flow-through share agreements, and the “look-back rule” exception, are available to qualifying junior mining and oil and gas exploration companies. Web• Flow-Through Shares defined • Eligible & Ineligible costs to renounce • The “Look-Back” Rule • “Stacked” or “Two-Tier” Renunciations • Advantages & Disadvantages … WebIn addition, flow-through share funds can also be renounced under the Look-back Rule. Under this method, eligible CEE is renounced to investors in the year the funds were raised, with the spending on eligible CEE required to be incurred by December 31st of the following calendar year. Therefore, flow-through share ttl if 文字列比較