Status: Closed - Liquidity June 2024 or sooner

Terra 2023 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
The Terra 2023 LP provides Federal tax deductions and tax credits, which includes 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 2024
Issue price: $100/Unit
Minimum investment: $5,000 (50 Units) - multiples of $500 thereafter
FundServ codes: A Class: TER 323 / F Class: TER 423

ADDITIONAL RESOURCES

Tax Savings / Cash Flow / Breakeven by Province

Past Performance

How Flow-Through LPs Work

Investment Team

Terra's portfolio manager has 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 a team of investment professionals managing over $4 billion in assets for institutional and private clients. 
 

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. Brad joined Cypress Capital Management Ltd. (Cypress) in 2017 as an Analyst and was promoted to Portfolio Manager in 2019. He was co-manager of the Terra 2019, 2020, 2021 and 2022 Short-Term Flow-Through Limited Partnerships. Brad is portfolio manager for the Terra 2023 Short-Term Flow-Through LP & Terra Small Cap Growth Fund and a member of the investment team at Cypress. Mr. Bay holds a B.Comm from the Haskayne School of Business at the University of Calgary and became a Chartered Financial Analyst charterholder in 2018.