As a made-in-Canada financing tool, flow-through shares (FTS) have propelled Canada to be a global leader in mineral exploration and mining. The Government of Canada is currently reviewing the merits of the FTS system, as well as the Mineral Exploration Tax Credit (METC), and the PDAC, along with our industry partners and sister association's across the country, are stepping up to ensure that the government is aware of the importance of this vital incentive tool to the industry's prosperity.
PDAC has highlighted the importance of the super flow-through system in its Pre-Budget Submission, submitted in August 2016 for Budget 2017, as well as in a detailed technical analysis submitted to Finance Canada in October 2016. In addition, PDAC has engaged its members to gather their perspectives on the importance of this unique fiscal policy innovation. Summaries of interviews with our members, and member responses to a PDAC questionnaire distributed in August 2016, are provided below along with case studies of two existing mines that benefited from the issuing of super flow-through shares.