Re: Taxes

TODAY'S DISCOVERY, TOMORROW'S FUTURE

Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.

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Montrose2

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Re: Taxes

in response to

Need Advice On Taxes

gamblor77

posted on Nov 02, 2007 07:40AM

Love the Tax System.

As a recipient of a couple of Canadian Pensions funded by our taxpayers I am grateful to all concerned who contribute to my retirement.

Looking forward, I would looooooove to pay 200,000.00 per year. That means that I have generated lots above that to enjoy life with my grandkids.

A lot of our tax laws(Canada) aren't that complicated. Probably one of the greatest myths out there are that you can write off investment losses against conventional payroll income - NOT. Capital losses can only be used to offset Capital gains. Lots of other wrinkles though such as utilizing interest costs etc.

Do have a question though. Has anyone ever used travel costs associated with attending an AGM as an expense charged against profits generated by share appreciation?

Kodiak meets in Vancouver so its no big deal but I do have companies that AGM in Calgary and Vancouver.