Ontario Ministry of Finance – Ontario Focused Flow-Through Share Tax Credit
Description:
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.
Comments on Funding:
The amount of this Ontario Ministry of Finance tax credit is 5% of the applicant’s share of the eligible Ontario exploration expenses incurred during the tax year.
The amount the applicant receives depends on the:
- number of shares purchased from a mining corporation;
- cost per share.
Eligibility:
The applicants must:
Applications Steps:
Documentation Needed:
Applicants must submit:
- the personal income tax and benefit return;
- the Ontario Credits form (ON479);
- the Ontario Focused Flow-Through Share Resource Expenses (Individuals) form (T1221);
- the credit certification documents they received from the mining exploration company. The certification documents should include either a:
a) statement of Partnership Income (T5013);
b) statement of Resource Expenses (T101).
Program Contact:
When It Ends:
Ongoing
Deadline:
Rolling deadline