Galaxy Power Applauds the Canadian Clean Technology Tax Incentives of Budget 2022

April 2022

I have always proposed that Galaxy Power is a non-partisan organization. While contributing very significantly to reduce global Greenhouse Gas Emissions (GHG’s), expanding Clean Technology Flow Through Shares is not only important to Galaxy Power, these tax incentives will generate benefits for future generations of Canadians from coast to coast, large and small Clean Technology companies, investors willing to participate in very fast growing industries and a large segment of the Canadian securities industry.

However, without being partisan, Galaxy Power should still recognize the positive efforts of governments when they advance the foundation of Galaxy Power.

Accordingly, we applaud the recently announced changes proposed in the Canadian Government’s Budget of April 7, 2022 (Budget 2022) regarding the creation of Clean Tech Incentives through tax credits and tax deductions.

Meetings with governments:

I personally, and many other Galaxy Power participants, have been meeting for more than 2 years with cabinet ministers, elected Members of Parliament, as well as senior officials within the government to advance, and assist with, the implementation of Clean Technology tax deferrals and Tax Credits.

We have had face-to-face meetings, conversations and correspondence with political parties on all sides to help bring Clean Technology tax incentives to fruition.

Creation of thousands of jobs:

Galaxy Power has indicated in its talks with government officials that many thousands of jobs have been created with the multiple Billions of dollars of the national Mining and Oil & Gas investments attributed to Flow Through Shares which were first magnificently instituted by successive Canadian Governments since approximately four (4) decades ago and endorsed by successive Provincial Governments.

Clean Technology Flow Through Shares can create numerous jobs across the nation, for individual workers, scientists, engineers, researchers, entrepreneurs as well as start-ups and large multinationals, and many other contributors, of all employment ages, in urban and remote areas of Canada.

Budget 2022 is a significant milestone:

Budget 2022, and its corresponding proposals for Clean Tech Incentives, were endorsed by The Right Honourable Justin Trudeau, Canada’s Prime Minister and leader of the Liberal Party of Canada, The Honourable Chrystia Freeland, Canada’s Deputy Prime Minister and Minister of Finance, The Honourable Steven Guilbeault, Environment and Climate Change Minister, and The Honourable Omar Alghabra, Minister of Transport, among many other dignitaries.

Accordingly, Galaxy Power welcomes the Clean Tech Incentives as lasting strong evidence of an obvious clear, irrefutable and unequivocal foreseeable future economic benefit for all Canadians and to such Canadian participants such as Galaxy Power.

Moving forward:

Galaxy Power continues to support the government’s openness in a consultative process on the design details of the tax matters in Clean Technology and see consultative measures as a rational and important step to continue to expand Clean Technology Flow Through Shares.

The new Clean Tech Incentives can enhance the financial potential of fast growing Clean Technology companies that foster Clean Technology in Canada to reduce global GHG’s. The Clean Tech Incentives are seen as being in accordance with the objectives of the Paris Agreement of the United Nations, which is a legally binding international treaty on climate change.

Federal Government recognition of requirement for private sector funding:

As opposed to government grants, significant Tax Credits and Clean Tech Incentives as the ones contained in Budget 2022 bring to the private sector the impetus to make business decisions based on reducing GHG’s and places the incentive to invest in Clean Technology on the private sector while using private sector capital as opposed to direct investing by governments.

The new Clean Tech Incentives clearly demonstrate the Canadian Federal Government’s recognition of the need to involve private sector capital to combat GHG’s. This involvement of private sector capital is seen as consistent with, and an important precurser to, a continued expansion of Clean Technology Flow Through Share policy which could bring vast amounts of additional capital from the Capital Markets in Canada.

Funding expenditures against GHG’s requires Canadian Capital Markets immediately:

But, is all this enough? I do not belive that this is a time to be hesitating to finance the fight against GHG’s.

Its too late to bring a small knife to the GHG gunfight. The globe must fight the GHG fire with the $ fire. Of course, there is no silver bullet in this GHG battle. With Clean Tech Flow Though Shares, Canada benefits from potentially every company across Canada, every Canadian, every experience and expertise among multiple millions of people. Clean Tech Flow Though Shares arms the battle against GHG’s beyond what our government can accomplish just by themselves.

In addition to the well-meaning but financially limited ability of governments, the larger collective economic might of the Canadian Capital Markets is required in order to address the collosal challenges of financing the urgent high-priced fight against GHG’s.

The expansion of Clean Technology Flow Through Share tax provisions has potential to attract the numerous Capital Market participants to become directly involved.

I warmly recognize with pronounced esteem the vital efforts of all the non-partisan participants throughout all of Canada who continually foster the significance and expansion of eligibility of Clean Technology Flow Through Shares and thank you all for your devoted and continued support of Galaxy Power.

Jean-Pierre Colin
Galaxy Power Inc.
Generating Ideals for Ideal Generations

ZEN and the Art of Flow Through Share Maintenance

May 2021

I trust many of you will recognize some timeless humor in the title chosen for this first Communique. But we are definitely embarking on a very serious journey with our innovative business project through Galaxy Power.

If you are reading this message, it may be because, in the last few months, you have been receiving various emails, draft documents and excel charts outlining certain details of the purpose of Galaxy Power and discussing with me important intricate aspects about our innovative enterprise.

At this early stage, it is important for all of us to rally around the very purpose of Galaxy Power’s creation and continue to better define important details that we all aim to collectively achieve together. We have finally reached the crucial stage where we must all start talking to all of each other and thereby continue the inspiring team spirit, the winning team culture. Going forward, our team members won’t necessarily communicate all through myself, as was perhaps necessary to kick-start this noble undertaking so far, but our vibrant team are all communicating directly with each other, respectfully, as the need arises, through a complex web of interactions that can lead to the desirable exponential achievements.

Our important supporters continue to expand in numbers. We are building something of global significance, something that has never been built before; we are building something that no one single person can do by themselves.

Like a Space Shuttle, a crowning achievement of space travel, no one single person can build one. A collaborative team is always required to build the most awesome accomplishments and, above all, every detail plays a part. An important part. Every detail is crucial to success, like with the Space Shuttle. Tragic catastrophes that the world unfortunately witnessed in some Space Shuttle programs were a result of the lack of attention to detail. We learn from accounts of past great triumphs: for Galaxy Power no detail is too insignificant to be allowed to fail. This thinking is why we encourage mutual frequent communications and discussions among all our members.

Hence, you are all invited to peruse our new web site. I am very proud of all of you as founding members of this extraordinary team and as we all start working together and admitting new like-minded recruits, the diverse professionals in Clean Technology across Canada. I believe that we all share a similar feeling, one where collaboration can augment ourselves and Galaxy Power.

I also welcome and thank all our other numerous supporters, many people of Canada who are working behind the scenes every day, indirectly making Galaxy Power’s message a success. Each one of you out there, is contributing to the important vision of Galaxy Power and making Canada a better country, a better place globally for all mankind. Galaxy Power recognizes your efforts and we all thank you warmly and are encouraged by your contributions.

The Mission of Galaxy Power is to remain as Canada’s first and leading public Clean Technology Flow Through Share proponent, commencing with our first objective, the success of the implementation of the April 2021 Canadian Federal Budget as it relates to Flow Through Shares. We strive to do so in a non-political, non-partisan manner.

In order to achieve our stated Mission in 2021, Galaxy Power sets out to accomplish several objectives, combining the collaborative experience and skills from different walks of life:

The creation of a collectivity of the top and uppermost highly competent business professionals, innovators, entrepreneurs and industry leaders involved in Canada’s swelling Clean Technology arena to identify the best opportunities for investment in Clean Technology.

Leading Scientific know-how and comprehensive knowledge regarding Clean Technology Solutions both in Canada and abroad to remain up to date and be able to properly assess the opportunities at the forefront of innovations.

Successful financing participants at the vanguard of Canada’s Capital Markets to effectively disseminate our message, raise capital from the private sector, and expertly open our audience to the investing public.

In the famous bestseller of the 1970s, “Zen and the Art of Motorcycle Maintenance” the narrator and his son travel through a journey that forces them to experience different practical and philosophical challenges juxtaposed with their motorcycle, a simple old vehicle, so much less complex than any Space Shuttle. Their common voyage leads them to a father-son generational mentorship as both mature to new personal and collective heights in many important ways. Clean Tech Flow Through Shares may provide a similar analogy in the years to come: With the advent of tax incentives for investment in Clean technology, Galaxy Power aims to pass on what has become a 30+ year old generation of resource-based Flow Through Share financial markets successes in the Canadian Capital Markets to the new 21st century Generation of Clean Technology which encompasses all its necessary imperatives for the now younger generation of hopeful Canadians.

I invite you to take a look at the very first ever version of our web site, meet our mutual colleagues virtually on-line, and share your insights and thoughts among each other. You will see our colleagues here, some of older generations and some of younger generations. We need all generations working together in order to accomplish our Mission. Our team is now finally a matrix representing a plurality of skill sets and multiple generations and cultures and a cross section of Canada’s contemporary Clean Technology. And, this is just the very beginning. We are continuing to co-opt professionals almost every day.

One final thought for now: As a seasoned investment banker, I always marveled at how every deal, every financing, every venture, every Mission isn’t just a simple story or cookie cutter narrative. Many of you know my personal motto: “Every Deal is an Epic”.

Ladies and Gentlemen, here is the underpinning of our growing Galaxy Power dream team!

Jean-Pierre Colin
Galaxy Power Inc.
Generating Ideals for Ideal Generations