A T101 slip is completed for each person who owns flow-through shares for which a
renunciation of Canadian resource expenses, an adjustment to an amount previously
renounced, or an allocation of assistance has been made.
The renunciation must be made in the name of the shareholder and not the agent. Only
the original shareholder is entitled to the renunciation. Expenses are deemed to be
incurred on the effective date of renunciation by the person to whom they are
renounced, and never to have been incurred by the corporation.
