Mr. Gary Leach at the Finance Committee

On October 24th, 2012. See this statement in context.

October 24th, 2012 / 5:35 p.m.

Executive Director, Small Explorers and Producers Association of Canada

All right.

I spoke about flow-through shares. The finance department has recognized flow-through shares as an important financing mechanism for small oil and gas companies.

We have two recommendations: increase the annual Canadian development expense conversion limit to $4 million from $1 million; and increase the taxable capital test to access the conversion to $50 million.

Thank you, Mr. Chairman. Those are my remarks.

I'm of course happy to answer questions.

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