When does investing in flow-through shares make sense?

Flow-through shares get a lot of attention in a big-income year, and this piece looks at whether they belong in a seasoned planner's toolkit. The reader is a careful couple near the end of their careers who have already maxed out their registered room and want a tax-efficient home for a windfall of taxable income. Allan walks through how these shares work: small resource companies pass their exploration costs to investors as deductions, the holding is locked up for a couple of years, and the eventual proceeds may be taxed more gently as capital gains. The harder part is the risk. These are real investments that can fall sharply or go to zero, so the deduction shouldn't be the whole reason for buying. The thinking here is to judge the underlying investment on its own merits first and treat the tax break as a bonus, not the headline.