High-grade Ni-Cu-Pt-Pd-Au-Ag-Rh-Cr-V discoveries in the "Ring of Fire"

NI 43-101 Update (March 2011): 11.0 Mt @ 1.78% Ni, 0.98% Cu, 0.99 gpt Pt and 3.41 gpt Pd and 0.20 gpt Au (M&I) / 9.0 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inf.)

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Message: tax question while we wait for FWR to hit the ball back into our court

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tax question while we wait for FWR to hit the ball back into our court

posted on Nov 04, 09 08:59AM

Strato,

Just to be clear, my decision to surrender my FWR shares (eventually) has no tax implications in Canada ie. I don't have to pay any cap gains tax on the surrender? I merely rework my ACB of my NOT shares to incorporate the new shares and my original FWR ACB. On 'tax' paper I really like this deal, I don't pay tax on my FWR double (thx to NOT) and my NOT ACB drops a few %.

Maybe everyone who hold both FWR/NOT shares should take the time to do the tax math!

GLTA

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