New Found Gold Corp V.NFG

Flow Through explained

[rummager]

Everything you need to know about FTS

https://www.youtube.com/watch?v=vXJYUpgkbOo

[Flyder]

Thanks for this.  In your previous post you said subscribers have to hold their FTS for 2 years.  It's actually only 4 months (see 15:00 mark).

[BetontheFed1]

nothing big been hit for the last month.  They were publishing results for 4 drill holes a week a few months ago.  Probably received 20 drill hole results in the last 5 weeks and none are "headline results".  It could be what they've hit so far is it for depth.   They're at the very bottom of the system as the rest has worn away.  I think they did 1 or 2

[Flyby1969]

This post has been removed in accordance with Community Policy

[rummager]

The 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