Line 350 - Prospector's and grubstaker's shares
Line 350 - Prospector's and grubstaker's shares
You can deduct 1/2 of the value of any shares received from a corporation in exchange for the disposition of an interest in a mining property, except if the amount is exempt under a tax treaty. Upon the disposition or exchange of those shares, you can deduct 1/2 of the lesser of the fair market value of the shares at the time of disposition of the mining property or at the time of the disposition or exchange of the shares.
Reference
Paragraph 110(1)(d.2)
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