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

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Boatboy

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

posted on Nov 04, 2009 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!