Improved flow-through share rules
CIM Bulletin, Vol. 79, No. 891, 1986
ROBERT B. PARSONS, C.A., Partner, Price Waterhouse, Toronto, Ontario
Canada's mining industry has reason to celebrate the federal government's budget which was tabled on February 26, 1986. The budget contains an important proposal to improve the flow-through share rules by effectively eliminating the investor's liability to third parties. This proposed rule change and other important budget proposals are the subject of this month's edition of Tax Notes.