A development corporation that has agreed to issue flow-through shares and, consequently, to renounce its deduction respecting resource expenses in favour of investors must complete the RL-11 slip.
You must use the RL-11 slip to provide information concerning
Before filing RL-11 slips, you must complete form CO-359.12-T, Renunciation of Expenses or Allocation of Assistance by a Corporation. Then use the data entered on the form to allocate, on RL-11 slips, expenses and assistance to investors.
The RL-11 slip is also used to report share issue expenses renounced by the corporation on form CO-726.4.17.15-V, Summary of the Renunciation of Certain Issue Expenses with Respect to Québec Resources, in favour of an individual (or a partnership whose members include an individual) who holds flow-through shares.
Forms
CO-359.10
Déclaration de renseignements concernant les actions accréditives
CO-726.4.17.15-V
Summary of the Renunciation of Certain Issue Expenses with Respect to Québec Resources
RL-11
Relevé 11 – Actions accréditives
RL-11.G-V
Guide to Filing the RL-11 Slip: Flow-Through Shares