After the RRSP, flow through shares are the last bastion of tax avoidance in Canada. They are part of the tax code and as long as the company issuing them is in compliance with the statutes you will not have to fight a rear guard action with CCRA.
Steve from Cambridge writes about capital gains on land:
Hi Lou,
When selling land that has been gifted by a family member (not inherited), how is the basis for tax established?
I understand the determination of property vs business vs capital gain income, however my question is, will the all the proceeds be taxed since nothing was paid [...]
I know its hard to believe but the Tax Free Savings Accounts that came into being in January are not too good to be true they are too good to be missed!
