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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: Method who wrote (4324)12/14/1997 1:16:00 AM
From: Richard Saunders  Respond to of 24905
 
Method/ disclaimer: not a tax expert, check with your advisor, etc. Flow-through shares are a financing vehicle (in Canada) used in the oil and gas and mining industries and are issued by companies that need cash but do not need tax deductions. Instead, the investors in these issues receive the tax deductions to offset against other income. Because investors receive tax deductions, the shares acquired are deemed to have a cost base of nil.


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