Flow throughs are a legal way to reduce taxable income. Through the flow through system the government lets us lend money to mining and or drilling companies. Those companies in turn allocate an equal number of dollars to us which we claim as a deduction on line 224 of our personal tax return. Flow throughs can be deducted from any and all kinds of income and basically convert regular income into capital gain which is only half taxable.
This essay is based on my own experiences with flow throughs, and I've been using them for three years to reduce taxable income. This essay explains the risk of flow throughs and how my flow throughs have turned out.
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Andy Sirski
Winnipeg, Manitoba.