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Microcap & Penny Stocks : JAWS Technologies - NASDAQ (NM):JAWZ -- Ignore unavailable to you. Want to Upgrade?

To: j.oil who wrote (2824)	2/1/2000 3:35:00 PM
From: John-Randy Imrie	Read Replies (1) \| Respond to of 3086

For those with OS in RRSP's. You have 24 months to bring your foreign content down to 20%. I pulled this off Revenue Canada's web site FILE IT412R2 7. Property may become foreign property after it is acquired. For example, if a Canadian corporation has a portfolio of investments in Canada and abroad and some or all of the Canadian investments are realized and the proceeds disbursed, then the shares of the Canadian corporation become foreign property since they will derive their value primarily from foreign property as described in 3(e) above. For months ending after December 20, 1991, subparagraph 206(2)(a)(iii) provides that where property has become foreign property after its acquisition, its cost amount will not be included in calculating tax under subsection 206(2) for a period of 24 months after the time the property changed its status. In our example, if the shares of the Canadian corporation became foreign property on May 15, 1993 and they were not disposed of, the cost amount of the shares will not be included in the tax calculation under subsection 206(2) until May 31, 1995, the first end of the month following the 24 month period.