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Technology Stocks : Spectrum Signal Processing (SSPI)
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To: EdR who wrote (339)12/4/1997 1:03:00 PM
From: NYBellBoy  Read Replies (2) of 4400
 
Ed Rochelle - I know basically nothing about Canadian Income Tax Laws, but I'll take a shot at answering your question. Investment Tax Credits are usually are usually spread out over a number of years usually 3, 5 or 7 years on a straight line basis. I ordered the Annual Report and had trouble printing it from Web Site. Check Notes to Financial Statements - Income Taxes section and you should be able to get a feel for how many years.

The Theory Behind Investment Tax Credits is that you take the Tax Credit over the years in which you will benefit by acquiring the asset. Hope it helps or yell for the "BellBoy".

:)

BellBoy
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