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New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

New Found Gold Corp. is a Canada-based mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties with a focus on gold properties located in Newfoundland and Labrador, Canada. The Company holds a 100% interest in the Queensway Project, which comprises a approximately 1,662 square kilometers area, located about 15 kilometers (km) west of Gander, Newfoundland and Labrador, and just 18 km from Gander International Airport. The Queensway Project is divided by Gander Lake into Queensway North and Queensway South. The Company is undertaking a 500,000-meter drill program at Queensway.


TSXV:NFG - Post by User

Comment by rummageron Aug 22, 2021 11:03am
116 Views
Post# 33746047

RE:RE:Flow Through explained

RE:RE:Flow Through explainedThe video was 2018. Rules may  have been updated as this tax site says "usually two years".

https://www.taxtips.ca/personaltax/investing/taxtreatment/flowthroughshares.htm


Tax Treatment of Income From Investments in Flow-Through Shares (FTSs)

Income Tax Act s. 66(12.6)-(12.75), 66.3(3)

This information is regarding investments which are held outside of RRSPs or other registered accounts.

Flow-through shares are considered to be a speculative investment.  Before purchasing, make sure you are aware of how long you will have to hold them before you can sell (usually 2 years), amounts of sales commission, etc.  The flow-through shares can be purchased directly from a resource company, or from a limited partnership (LP).  The LP then invests in resource companies, which provides the investor some diversification.

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