Post by
sculpin2 on Aug 13, 2020 6:45pm
The unrecognized asset
Substantial future value in tax loss carryforwards...
The Corporation’s aggregate non-capital loss carry forwards at June 30, 2020 were $491.7 million (December 31, 2019 – $550.4 million).
In addition, the Corporation’s capital loss carry forwards at June 30, 2020 were $260.0 million (December 31, 2019 – $260.0 million).
Comment by
Catscratch on Aug 14, 2020 12:52pm
Agreed. Tax losses of that size are certainly not something to be proud of but provide a lot of tax insulation against future gains.