STATUS - FUND CLOSED

Terra 2025 Short-Term Flow-Through LP

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 2025 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) 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: July 31, 2026

Fund codes: A Class: TER 325 / F Class: TER 425

Additional Resources

Past Performance

How Flow-Through LPs Work

Investment Team

PORTFOLIO ADVISOR
Canaccord Genuity Corp.

CGC has been retained to manage the investments for Terra FTLPs and Mutual Funds. CGC is a leading independent, Canadian-founded (1950) financial firm with deep expertise in natural resources and energy sectors and manages over $133 billion in client assets.

PORTFOLIO MANAGER
Brad Bay, B.Comm, CFA

Brad Bay is the Portfolio Manager for all of Terra Flow-Through LPs and Mutual Funds. Mr. Bay is a Senior Portfolio Manager at Canaccord Genuity Corp. and has more than 11 years of experience in the investment industry. Mr. Bay was previously at Cypress Capital Management Ltd. for seven years where he managed Terra’s FTLPs and Mutual Funds since 2019 and has a particularly strong capability in the small and medium capitalization areas of the market where the majority of flow-through offerings occur.

Mr. Bay completed internships at GMP Securities and joined Haywood Securities in 2014 as an Analyst in the Investment Banking and Corporate Finance group where he was involved in mergers & acquisition, capital market advisory and underwriting of public oil & gas companies. Mr. Bay received his Bachelor of Commerce from the University of Calgary (Haskayne School of Business) in 2013 and holds the Chartered Financial Analyst designation.