PowerPoint Presentation · 2018. 9. 5. · Offering Size: $20,000,000 Tax Advantages per $10,000 Investment CEE Other Deductions Total Deductions Investment tax credit (50% eligible

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CEE Other

Deductions

Total

Deductions

Investment tax credit (100% eligible for 15% Federal credit) 1,369$

2018 9,128$ 71$ 9,199$

2019 and beyond -$ 836$ 836$

ITC income inclusion 2019 (1,369)$ (1,369)$

Net tax deductions (income) 9,128$ (463)$ 8,665$

AB BC MB NB NS NL NWT ON PEI QC SK

Highest Marginal Tax Rate

2018 48.00% 49.80% 50.40% 53.30% 54.00% 51.30% 47.05% 53.53% 51.37% 53.31% 47.50%

2019 and beyond 48.00% 49.80% 50.40% 53.30% 54.00% 51.30% 47.05% 53.53% 51.37% 53.31% 47.25%

Investment 10,000$ 10,000$ 10,000$ 10,000$ 10,000$ 10,000$ 10,000$ 10,000$ 10,000$ 10,000$ 10,000$

Less:

Tax Savings from Net Deductions - Federal (4,159)$ (4,315)$ (4,367)$ (4,619)$ (4,679)$ (4,445)$ (4,077)$ (4,638)$ (4,451)$ (4,971)$ (4,117)$

ITC (1,369)$ (1,369)$ (1,369)$ (1,369)$ (1,369)$ (1,369)$ (1,369)$ (1,369)$ (1,369)$ (1,369)$ (1,369)$

Add:

Tax on Capital Gain 8$ 8$ 9$ 9$ 9$ 9$ 8$ 9$ 9$ 9$ 8$

Money at Risk 4,480$ 4,324$ 4,273$ 4,021$ 3,961$ 4,195$ 4,562$ 4,002$ 4,189$ 3,669$ 4,522$

Breakeven Proceeds of Disposition 5,895$ 5,758$ 5,713$ 5,482$ 5,426$ 5,642$ 5,965$ 5,465$ 5,637$ 5,002$ 5,921$

Less: capital gains tax on sale (1,415)$ (1,434)$ (1,440)$ (1,461)$ (1,465)$ (1,447)$ (1,403)$ (1,463)$ (1,448)$ (1,333)$ (1,399)$

After-tax Proceeds of Disposition/After Tax Purchase Cost 4,480$ 4,324$ 4,273$ 4,021$ 3,961$ 4,195$ 4,562$ 4,002$ 4,189$ 3,669$ 4,522$

Effective earned income written off at current tax rate 11,517$ 11,414$ 11,381$ 11,235$ 11,200$ 11,333$ 11,575$ 11,222$ 11,330$ 11,894$ 11,549$

Effective earned income written off percentage 115% 114% 114% 112% 112% 113% 116% 112% 113% 119% 115%

Probity Mining 2018-II Short Duration Flow Through Limited Partnership

Offering Size: $20,000,000

Tax Advantages per $10,000 Investment

CEE Other

Deductions

Total

Deductions

Investment tax credit (50% eligible for 15% Federal credit) 685$

2018 9,128$ 71$ 9,199$

2019 and beyond -$ 836$ 836$

ITC income inclusion 2019 (685)$ (685)$

Net tax deductions (income) 9,128$ 221$ 9,349$

AB BC MB NB NS NL NWT ON PEI QC SK

Highest Marginal Tax Rate

2018 48.00% 49.80% 50.40% 53.30% 54.00% 51.30% 47.05% 53.53% 51.37% 53.31% 47.50%

2019 and beyond 48.00% 49.80% 50.40% 53.30% 54.00% 51.30% 47.05% 53.53% 51.37% 53.31% 47.25%

Investment 10,000$ 10,000$ 10,000$ 10,000$ 10,000$ 10,000$ 10,000$ 10,000$ 10,000$ 10,000$ 10,000$

Less:

Tax Savings from Net Deductions - Federal (4,487)$ (4,656)$ (4,712)$ (4,983)$ (5,048)$ (4,796)$ (4,399)$ (5,005)$ (4,802)$ (5,159)$ (4,440)$

ITC (685)$ (685)$ (685)$ (685)$ (685)$ (685)$ (685)$ (685)$ (685)$ (685)$ (685)$

Add:

Tax on Capital Gain 8$ 8$ 9$ 9$ 9$ 9$ 8$ 9$ 9$ 9$ 8$

Money at Risk 4,836$ 4,667$ 4,612$ 4,341$ 4,276$ 4,528$ 4,924$ 4,319$ 4,522$ 4,165$ 4,883$

Breakeven Proceeds of Disposition 6,363$ 6,214$ 6,166$ 5,918$ 5,858$ 6,090$ 6,439$ 5,897$ 6,085$ 5,678$ 6,393$

Less: capital gains tax on sale (1,527)$ (1,547)$ (1,554)$ (1,577)$ (1,582)$ (1,562)$ (1,515)$ (1,578)$ (1,563)$ (1,513)$ (1,510)$

After-tax Proceeds of Disposition/After Tax Purchase Cost 4,836$ 4,667$ 4,612$ 4,341$ 4,276$ 4,528$ 4,924$ 4,319$ 4,522$ 4,165$ 4,883$

Effective earned income written off at current tax rate 10,775$ 10,725$ 10,708$ 10,634$ 10,617$ 10,684$ 10,806$ 10,630$ 10,681$ 10,963$ 10,789$

Effective earned income written off percentage 108% 107% 107% 106% 106% 107% 108% 106% 107% 110% 108%

Probity Mining 2018-II Short Duration Flow Through Limited Partnership

Offering Size: $20,000,000

Tax Advantages per $10,000 Investment

CEE Other

Deductions

Total

Deductions

Investment tax credit (50% eligible for 15% Federal credit) 616$

Investment tax credit (50% eligible for 20% BC credit) 913$

2018 9,128$ 71$ 9,199$

2019 and beyond -$ 836$ 836$

ITC income inclusion 2019 - Federal (616)$ (616)$

ITC income inclusion 2019 - BC (913)$ (913)$

Net tax deductions (income) 9,128$ (623)$ 8,505$

BC

Highest Marginal Tax Rate

2018 49.80%

2019 and beyond 49.80%

Investment 10,000$

Less:

Tax Savings from Net Deductions (4,236)$

ITC - Federal (616)$

ITC - BC (913)$

Add:

Tax on Capital Gain 8$

Money at Risk 4,243$

Breakeven Proceeds of Disposition 5,650$

Less: capital gains tax on sale (1,407)$

After-tax Proceeds of Disposition/After Tax Purchase Cost 4,243$

Effective earned income written off at current tax rate 11,576$

Effective earned income written off percentage 116%

Probity Mining 2018-II Short Duration Flow Through Limited Partnership

Offering Size: $5,000,000

Tax Advantages per $10,000 Investment

CEE Other

Deductions

Total

Deductions

Investment tax credit (100% eligible for 15% Federal credit) 1,095$

Investment tax credit (100% eligible for 20% BC credit) 1,826$

2018 9,128$ 71$ 9,199$

2019 and beyond -$ 836$ 836$

ITC income inclusion 2019 - Federal (1,095)$ (1,095)$

ITC income inclusion 2019 - BC (1,826)$ (1,826)$

Net tax deductions (income) 9,128$ (2,015)$ 7,113$

BC

Highest Marginal Tax Rate

2018 49.80%

2019 and beyond 49.80%

Investment 10,000$

Less:

Tax Savings from Net Deductions (3,542)$

ITC - Federal (1,095)$

ITC - BC (1,826)$

Add:

Tax on Capital Gain 8$

Money at Risk 3,545$

Breakeven Proceeds of Disposition 4,720$

Less: capital gains tax on sale (1,175)$

After-tax Proceeds of Disposition/After Tax Purchase Cost 3,545$

Effective earned income written off at current tax rate 12,978$

Effective earned income written off percentage 130%

Probity Mining 2018-II Short Duration Flow Through Limited Partnership

Offering Size: $5,000,000

Tax Advantages per $10,000 Investment

CEE Other

Deductions

Total

Deductions

Investment tax credit (50% eligible for 15% Federal credit) 685$

Investment tax credit (50% eligible for 20% QC credit) 913$

2018 9,128$ 71$ 9,199$

2019 and beyond -$ 836$ 836$

ITC income inclusion 2019 - Federal (685)$ (685)$

Net tax deductions (income) 9,128$ 221$ 9,349$

QC

Highest Marginal Tax Rate

2018 53.31%

2019 and beyond 53.31%

Investment 10,000$

Less:

Tax Savings from Net Deductions (5,160)$

ITC - Federal (685)$

Quebec Additional Deduction (235)$

Add:

Tax on Capital Gain 9$

Money at Risk 3,929$

Breakeven Proceeds of Disposition 5,357$

Less: capital gains tax on sale (1,428)$

After-tax Proceeds of Disposition/After Tax Purchase Cost 3,929$

Effective earned income written off at current tax rate 11,405$

Effective earned income written off percentage 114%

Offering Size: $5,000,000

Tax Advantages per $10,000 Investment

Probity Mining 2018-II Short Duration Flow Through Limited Partnership

CEE Other

Deductions

Total

Deductions

Investment tax credit (100% eligible for 15% Federal credit) 1,369$

Investment tax credit (100% eligible for 20% QC credit) 1,826$

2018 9,128$ 71$ 9,199$

2019 and beyond -$ 836$ 836$

ITC income inclusion 2019 - Federal (1,369)$ (1,369)$

Net tax deductions (income) 9,128$ (463)$ 8,665$

QC

Highest Marginal Tax Rate

2018 53.31%

2019 and beyond 53.31%

Investment 10,000$

Less:

Tax Savings from Net Deductions (4,972)$

ITC - Federal (1,369)$

Quebec Additional Deduction (470)$

Add:

Tax on Capital Gain 9$

Money at Risk 3,198$

Breakeven Proceeds of Disposition 4,360$

Less: capital gains tax on sale (1,162)$

After-tax Proceeds of Disposition/After Tax Purchase Cost 3,198$

Effective earned income written off at current tax rate 12,777$

Effective earned income written off percentage 128%

Offering Size: $5,000,000

Tax Advantages per $10,000 Investment

Probity Mining 2018-II Short Duration Flow Through Limited Partnership