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Anyone here had experience with resource limited partnership or "flow-through" tax shelters? As far I know, the Canada Revenue Agency is completely fine with these -- they "work" if you're prepared to lose capital in the underlying investment in order to reap some tax advantages: usually deferring tax liability to another year. Of course, in the best scenario, the underlying investment goes up and you win twice.
In a different category are those "buy-low, sell-high" charitable giving tax shelters, which the CRA is aggressively trying to discourage by auditing anyone who has tried them.
I realize these tax shelters proliferate at the end of the calendar year and won't "help" anyone defray taxes due at the end of this month. But seems to me a new crop of flow-throughs will be hitting soon, some of which will sell out by the time the end-of-year rush hits.
In a different category are those "buy-low, sell-high" charitable giving tax shelters, which the CRA is aggressively trying to discourage by auditing anyone who has tried them.
I realize these tax shelters proliferate at the end of the calendar year and won't "help" anyone defray taxes due at the end of this month. But seems to me a new crop of flow-throughs will be hitting soon, some of which will sell out by the time the end-of-year rush hits.