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Gold/Mining/Energy : Gold and Silver Mining Stocks

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To: Claude Cormier who wrote (182)3/22/2000 5:48:00 PM
From: Pied Piper  Read Replies (1) of 4051
 
OT:Capital gains exemption for Canadian QSBC corporations.

I have posted a couple of times on this thread about RGRI:CDN Unlisted. I have just discovered a great bit of information, which should save me a pile of tax, provided the stock goes to where I think it will.

Although the general (Canadian) capital gains exemption is long gone, I just found out that my RGRI shares will be capital gains free! There still exists a $500,000 exemption for a private QSBC (Qualified Small Business Corporation).

Romios is a QSBC (according to the president of the company) and is also considered private since it trades on CDN and not on the major exchanges.

The only other qualification is that the shares be held for at least two years. I've had mine since October 1996 and don't plan on selling for some time.

Anybody else have sources of information on QSBCs? I would like to know for future investment purposes.

Piper
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