An expanding family of flow-through shares

CIM Bulletin, Vol. 77, No. 861, 1984

ROBERT B. PARSONS, C.A., Partner Price Waterhouse, Toronto

With several hoots of the whistle, Canada's fiscal engineers are once again cranking up the income tax locomotive, in an effort to inject new stimulus into a stubborn economy. And once again, additional gears, wheels, levers, and other mysterious parts are being added to the already complex machinery in order to accommodate the new push. This time, a significant new mechanism involves a major overhaul and expansion of the investment tax credit system. Although the shiny new devices have considerable appeal to a certain group of potential passengers, one wonders if all of the renewed chugging and huffing is on the right track.