Status: Now Closed

Terra 2022 Short-Term Flow-Through LP

Fund Details
Investment Objective
The partnership invests in a portfolio of publicly listed mining firms that provide attractive tax savings and offer the potential for capital appreciation.
Tax Savings
Federal tax deductions and tax credits provided in 2022 include Canadian Exploration Expenses (CEE) and two types of federal mining tax credits: (1) 15% federal mineral exploration tax credit (METC) - for gold and silver investments; or (2) new 30% federal critical mineral exploration tax credit (CMETC) - for clean energy critical mineral investments, including cobalt, copper, lithium, nickel, uranium & zinc. Additional provincial mining tax credits (BC, SK, MB & ON) and provincial mining tax deductions (QC) are also provided in provinces that offer exploration incentives. Tax savings are further enhanced for investors with available capital losses.
Capital Appreciation
Capital appreciation is achieved through an increase in the value of the partnership’s portfolio of investments.
Rollover/ Maturity: On or about June 2023
Issue price: $100/Unit
Minimum investment: $2,500 (25 Units) - multiples of $500 thereafter
FundServ codes: A Class: TER 322 / F Class: TER 422

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OFFERING DOCUMENTS

Investment Summary
- A Class - 

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Investment Summary
- F Class -

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Executive Summary
- A Class - 

A client-friendly 6-pager

Executive Summary
- F Class -

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ADDITIONAL RESOURCES

Tax Savings / Cash Flow / Breakeven by Province

Past Performance

How Flow-Through LPs Work

Investment Team

Our portfolio managers have a strong capability in flow-through resource investments

Portfolio Manager
Cypress Capital Management Ltd.

Cypress will source and direct investments for the Partnership. Founded in 1998 in Vancouver, Cypress is a boutique money manager made up of an eight-member team of investment professionals managing over $4 billion in assets for institutional and private clients. 
 
Greg Bay, CFA is Senior Portfolio Manager for the Partnership. Mr. Bay, a co-founder and Managing Partner of Cypress, has over 30 years experience investing in the resource sector and brings established relationships in the industry, which will assist Terra in sourcing quality investments. He and his team have a particularly strong capability in the small and medium capitalization areas where the majority of flow-through offerings occur. Mr. Bay is a director of Gear Energy Limited, Broadview Energy Ltd, White Owl Energy Services Ltd, New Stratus Energy and Green Energy Services. 
 
Brad Bay, CFA is Portfolio Manager for the Partnership and previously worked at Haywood Securities as an Analyst in the Investment Banking and Corporate Finance group and Priviti Capital as an oil & gas equity analyst. Mr. Bay holds a B.Comm from the Haskayne School of Business at the University of Calgary. Jeff Bay, CFA is Portfolio Manager for the Partnership and previously worked at GMP Securities advising on transactions and financings for intermediate and junior oil & gas companies. Mr. Bay holds a B.Comm from the Peter B. Gustavson School of Business at the University of Victoria.