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Technology Stocks : Coyote Network Systems (CYOE), Mixing It Up, IP and ATM -- Ignore unavailable to you. Want to Upgrade?

To: Q. who wrote (116)	2/17/1999 7:02:00 PM
From: Bruce A. Thompson	Respond to of 360

OOPS!! Looks like the insider selling has begun. BT

To: Q. who wrote (116)	2/17/1999 7:03:00 PM
From: Bear Down	Read Replies (2) \| Respond to of 360

Remember Murphy, that famous Irish philosopher who was responsible for his first law "If anything can go wrong, it will", and also formulated his second law "If it can't go wrong, it still will". From the December PR: Coyote Network Systems (CYOE) said its Chief Financial Officer, Edward Beeman, "is no longer with the company" and will be replaced by Brian Robson. Is this the same Brian Robson TAXATION "Five-Year Tax Holiday" By Brian Robson Section 94 of the Income Tax Act provides for an effective offshore tax structure for individuals planning to immigrate to Canada and their immediate family. The assets in an immigration trust can earn income and capital gains from foreign sources — without triggering Canadian income taxes — for up to the first five years that the immigrant resides in Canada. The trustee (and protector, if one is appointed) for the trust must be nonresident in Canada. The tax holiday ends at the start of the taxation year in which the settlor has been resident in Canada for more than 60 months. When the tax holiday ends, the trust's income will generally taxable in Canada as foreign accrual property income. To avoid this, the trust can either be immigrated to Canada or it can be wound up. The author discusses both scenarios and provides examples of the tax savings that can be realized. Brian Robson, CMA, CGA, is corporate controller of TelcoPlus Enterprises Inc., a public company based in Mississauga, Ontario. He also provides consulting services on income tax matters.