Extension of flow-through shares in Budget to March 31 2010

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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Road_Warrior

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Extension of flow-through shares in Budget to March 31 2010

posted on Jan 28, 2009 06:56PM

I got the following information from BMO's analysis of the federal budget yesterday:

Mineral Exploration Tax Credit

"Currently scheduled to expire in March 2009, the budget proposes to extend the eligibility for the mineral exploration tax credit (available to individuals who invest in flow-through shares, equal to 15% of specified mineral exploration expenses incurred in Canada) for one year to flow-through share agreements entered into on or before March 31, 2010."

Cheers; Scott

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