Cdn flow through shares
July 3, 2008 12:57 PM Subscribe
Real-life examples of flow-through shares bought by a Canadian.
posted by Penelope to work & money (1 answer total)
I am considering buying flow-through shares to reduce my taxes this year, because of a capital gain. I have already decided not to invest more than $10,000, which would be less than 10% of my net worth. I have done some research and know they're very high-risk. I called one company in Toronto (Middleton's) who said theirs "averaged an increase of 9% at the end of the mandatory holding period, they'd never had one go bankrupt, and the worst they'd had decreased by 50%". A broker I called basically recommended against them, citing the high-risk. However I am still open to investing the $10,000. Any Canadians used this vehicle, and if so, how did it turn out for them?