Qwest Investment Fund Management Ltd. is the investment fund manager, portfolio manager and exempt market dealer for all of the Probity flow-through limited partnerships. Mr. Firas Abbasi is the Advising Representative (Portfolio Manager) for the Probity flow-through limited partnerships.
Flow-through limited partnerships are unique investment vehicles that raise capital for Canadian energy and mining companies and provide “flow-through” eligible government tax deductions for Canadian investors.
The Government of Canada and certain provinces provide tax credits for investments in mining companies mining in Canada. Flow-through limited partnerships allow mining companies to raise capital by issuing flow-through shares which allow Canadian investors to benefit from flow-through tax deductions.
When our flow-through limited partnership is established and our portfolio manager invests in flow-through shares of mining companies, the mining companies then use the capital to incur eligible expenses:
- Canadian Exploration Expenses (CEE) and/or
- Canadian Development Expenses (CDE)
CEE is 100% tax deductible and CDE is 100% deductible on a 30% declining balance tax deduction basis. Mining companies “flow-through” these eligible expenses to the flow-through limited partnerships and in turn to its limited partners.
Flow-through limited partnerships offer limited partners the following:
- Limited partners can deduct CEE and CDE flow-through expenses from any source of income
- Reduction of taxable income
- Experienced portfolio managers managing the flow-through limited partnerships
- Portfolio diversification
- Potential for capital appreciation
Disclaimer
Qwest Investment Fund Management Ltd. (QIFM) and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. Accordingly, any discussion of tax matters in any jurisdiction included herein (including any attachments) is not intended or written to be used, and cannot be used, in connection with the promotion, marketing or recommendation by anyone not affiliated with QIFM of any of the matters addressed herein or for the purpose of avoiding tax-related penalties in any jurisdiction. You should consult your own tax, legal and accounting advisors before engaging in any transaction.