Flow-Through Shares: Draft Legislation Released to Extend Expenditure Periods
By EsqSocial Corporation 22/12/20
On December 16, 2020, the Department of Finance released draft legislation aimed at providing relief to resource companies that had issued (or will issue prior to the end of 2020) "flow-through shares" (FTS) by extending the statutory time period by which such companies may incur qualifying expenditures. This legislation, which is consistent with the government's original announcement of such measures in July 2020, has been eagerly anticipated by an industry dependent on flow-through share...
By: Bennett Jones LLP