WebIf you did, you might be able to claim a refundable tax credit worth 5% of eligible Ontario exploration expenses by using form T1221. The Ontario focused flow-through share … Web18 de jan. de 2024 · Ontario Focused Flow-Through Share Tax Credit is a refundable tax credit available to investors who have invested money in flow-through shares. A flow …
Ontario Ministry of Finance - Ontario Focused Flow-Through Share …
WebHow the flow-through share (FTS) program works Individuals, trusts, corporations, and partnerships can invest in FTSs, but only the original investors can deduct the … A flow-through share is a type of investment. It takes place when you invest money in a corporation that agrees to spend your money on mining exploration in Ontario. In exchange for your investment, you receive a share. This is a portion of ownership in that corporation. Once mining exploration happens, … Ver mais You qualify for the credit if you lived in Ontario on the last day of the tax year you're filing a return for and you purchased eligible flow-through shares: 1. after October 17, 2000 2. … Ver mais The credit is used to reduce the Ontario tax you pay. If your tax credit is more than the amount of tax you owe, the remainder will be paid to you as a tax refund after your return is assessed. If you qualify for a refund, you'll receive … Ver mais To get this credit, file your personal income tax and benefit return, even if you don't have any income to report, along with: 1. the Ontario … Ver mais The amount of the credit is 5% of your share of the eligible Ontario exploration expenses incurred during the tax year. The amount you … Ver mais crystal shop chattanooga
Ontario Focused Flow-Through Share Tax Credit
Web17 de mar. de 2024 · the Ontario Focused Flow-Through Share (OFFTS) tax credit, which helps junior exploration companies access much-needed project capital The OFFTS … Web18 de jan. de 2024 · Ontario Focused Flow-Through Share Tax Credit is a refundable tax credit available to investors who have invested money in flow-through shares. A flow-through share is a type of investment, which takes place when individuals invest money in a corporation that agrees to spend their money on mining exploration in Ontario. WebThe program allows tax credits and tax deductions for exploration to “flow through” to investors purchasing the shares. A $1,000 investment in flow-through shares for exploration in Ontario could cost as little as $375 after … dylan hotel 52 e 41st st new york