Promise History
3.03.55 - “A re-elected Liberal government will […] [e]liminate flow through shares for oil, gas, and coal projects to help promote clean growth and Canada’s transition to a net-zero economy”
21-Aug-2023
Any activity related to fossil fuels is no longer eligible for flow-through shares.
“The flow-through share regime is being eliminated for oil, gas, and coal activities, effective for expenditures under flow-through share agreements entered into after March 31, 2023”
What's new for corporations-Canadian Revenue Agency
07-Apr-2022
“Budget 2022 proposes to eliminate the flow-through share regime for fossil fuel sector activities. This will be done by no longer allowing expenditures related to oil, gas, and coal exploration and development to be renounced to flow-through share investors for flow-through share agreements entered into after March 31, 2023”
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