Flow-through shares for Canadian resource exploration and development were introduced into the Income Tax Act almost 70 years ago. The program was introduced to support cyclical industries during difficult times, but its overwhelming success has positioned Canada’s capital markets as a global leader in resource finance. This leadership in accessing capital has led to Canada being home to more mining companies than any other country in the world. It has also allowed Canadian companies to engage in more global exploration and development and attract top resource talent. This remarkable achievement is a testament to the resilience and ingenuity of the Canadian people.