Mining Business
FIGURE 1: FLOW-THROUGH SHARE ILLUSTRATION
FTS Investor
FT Shares
Renounced tax deductions
$
Reduces tax by claiming renounced tax deductions (plus ITC in some cases)
Buys FTS from FTS issuer (Canco) at a premium
Renounces tax deductions to FTS Investors
Incurs tax-deductible qualifying expenditures
Canco