anyone used flow-through shares for junior miners to save tax in Canada?
Basically they're penny stock shares that you get to fully deduct against your income (saving 53% of stock purchase amount off taxes at highest marginal rate) + 30% for critical minerals and shit. So a 10K investment would save you 7.5K in tax deductions with three catches.
- Shares are locked up for like 2 years
- Only junior mining piece of shit stocks offer this, on average your $10K will go to like $7K after 2 years
- CRA treats FTS as zero ACB (every single dollar on disposition is treated as capital gains)
Anyone making like $400K+ in Toronto using this strategy want to chime in with their experiences and actual post-tax returns?
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