When a corporation agrees to issue or prepares a selling instrument for flow-through shares (FTSs) or flow-through warrant (FTWs), it must apply to the CRA for an identification number.
A Selling Instrument T100 Identification Number (SITIN) or T100 Identification Number (TIN) is assigned for identification purposes only. It does not guarantee:
- that the shares are FTSs;
- that the agreement meets any or all of the requirements of the Income Tax Act with respect to FTSs;
- that any or all specified expenses are eligible for renunciation; or
- that the CRA accepts the allocation of the price between the shares and the warrants.
A renunciation (T101A) is not valid unless a valid identification number has been issued.
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