Tax tsunami may destroy Canadian resource exploration financing, PearTree warns

From Mining.com

“The new AMT rules are said to target fewer than 25,000 high-net worth Canadians,” Bernbaum notes. “Unfortunately, it’s the same group of taxpayers all subject to AMT who fund most Canadian exploration. FTS tax incentives drive high-risk investment in mineral exploration, reducing issuer dilution due to premiums to market paid by investors for the tax benefits when subscribing for the shares. If the tax incentives are not accessible or severely limited, no one is going to pay a premium or even choose to make an investment.”