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Gold/Mining/Energy : Royal Oak-RYO -- Ignore unavailable to you. Want to Upgrade?

To: Michael Bidder who wrote (1206)	8/20/1998 1:00:00 AM
From: Mike G	Read Replies (1) \| Respond to of 1706

Tax incentives by means of flow through shares. The government used to give 133% tax credit for flow through shares. For every dollar that you put in to exploration, you received 133% tax credit. If for example you put in $1000, you received a tax credit for $1333.00. If you were in the 54% tax bracket including provincial and federal, then you would receive back $720 from income tax returned. This means your investment was only $280 for $1000 in shares. The government wins because they get money back from the geologists income tax, exploration taxes etc. and we win because there is incentive to invest, and the mining community wins because they get discoveries, which means profits etc. If they don't do something soon, there won't be any juniors left in Canada.