REGULATION

Canada Revenue pursues explorers for flow-through funds

Canada Revenue Agency is starting to pursue exploration companies for the recovery of what it sees as outstanding taxation liabilities related to the flow-through financing mechanism that allows investors in exploration companies with projects in Canada to obtain tax credits related to these investments.

Paul Harris in Santiago, Chile
KSM in British Columbia, Canada

KSM in British Columbia, Canada

"We are the test case. We have raised over C$150 million via flow-through over the years and there is perhaps $15-18 million of tax credits related to that," Jay Layman, president and COO of Seabridge...

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