Post by
Specific on Dec 20, 2022 11:26am
anyone remember...
several webinars ago Kerry mentioned something about taxes (credits or something) that were grandfathered to genm from stillwater's work on the property
anyone remember the details?
Comment by
Rainyday on Dec 20, 2022 12:44pm
Great question Specific. I phoned Ann Wilkinson @ GENM to inquire about the company's tax pools (capital expenditures made in the past that can be written off against taxes in the future when the company has revenues). She will get back to me and I will post the info when I receive it.
Comment by
Rainyday on Dec 21, 2022 7:13pm
Ann Wilkinson confirmed that GENM has $6.3 million in what are called non-capital losses that can be claimed against future income. If there's any further information about capital expenditures that can be written off I will pass it on. In the meantime I'm going to wind down for the balance of the year. Happy holidays to everyone. See you in 2023.
Comment by
Specific on Dec 21, 2022 8:30pm
Thanks Rainyday.....Peace
Comment by
Supertweety on Dec 20, 2022 2:28pm
I remember Kerry mentioning that a year or two ago. Also last week I read an article about Canada offering a 30% tax credit on mineral exploration. I don't know if that's good on past exploration or only on future exploration. either way that will help some on the bottom line once Generation Mining starts earning a profit.