What corporate activities qualify for flow-through shares?
The Government of Canada has stringent requirements that must be met in order to determine whether an activity is development or exploration in nature; the key difference being the amount of write-off allowed. Exploration and certain development activities can be written off at 100%. The companies to which WCSB LP’s invest in have experience in determining which classification of activity they are spending flow-through proceeds, and the investment agreements with these companies will require them to spend the funds as agreed.
