You can read about it here . https://www.miningtaxcanada.com/flow-through-shares/
there is even a worked example of how they buy the overprice share and claim an immediate deduction and then with the sell at market price (lower) they make more than they paid.
Table 1 sets out a simple example illustrating the consequences to a FTS investor who purchases 10,000 FTS of a mining company at a $1/share premium over the trading price of the “ordinary” (non-FTS) common shares of FTS Issuer, and later sells them into the market at the prevailing trading price.TABLE 1: FTS CASH-FLOW EXAMPLE
if the shorter are supposedly BoA or JPMorgan then I imagine they are not from Canada and won’t get the shares
Assumptions Flow-through shares purchased 10,000 Price per FTS $10 FTS Issuer regular common share trading price $9 FTS premium per share $1 Investor’s federal /provincial tax rate 46% CEE renounced per FTS $10 .. Investor Cash Out Investor Cash In Cost of FTS ($10/share) $100,000 Tax savings from $100,000 renounced CEE $ 46,000 Investor’s proceeds from selling FTS in market $ 90,000 Tax owing on capital gain from sale of FTS $ 20,700 ________ $120,700 $136,000 Investor’s positive cash flow $ 15,300
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