Whitecap Resources Inc T.WCP

Alternate Symbol(s): SPGYF

Energy Oil & Gas E&P

Whitecap Resources Inc. is a Canadian clean energy company. The Company is engaged in the business of acquiring, developing, and holding interests in petroleum and natural gas properties and assets. Its core areas include the West Division and East Division. Its West Division is comprised of three regions: Smoky, Kaybob and Peace River Arch (PRA). The properties in its Smoky region include Kakwa and Resthaven, all located in Northwest Alberta. The primary reservoir being developed is the Montney resource play, mainly comprised of condensate-rich natural gas. Kaybob is located in the Fox Creek region of Northwest Alberta. The primary reservoir being developed is the Duvernay resource play, mainly comprised of condensate-rich natural gas. The PRA is its original asset area. Its East Division is comprised of four regions: Central AB, West Sask, East Sask and Weyburn. Its Central Alberta region represents the bulk of its Cardium and liquids-rich Mannville assets.

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Whitecap Resources Inc > Taxes taxes taxes

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Comment by jleer42on Apr 19, 2024 10:19pm

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Post# 35999236

RE:RE:RE:RE:RE:RE:RE:Taxes taxes taxes

It's not cumulative, I think you are getting confused with the liftime excemption.To be clear, the first $250k of annual capital gains every year have a 50% inclusion rate. 2024 will be depend on if the transactions occured before or after the date of change.

Gonna suck for anyone selling a large property like a cottage or income property. Nobody is talking about it, but one reason capital gains are not fully taxed is due to inflation. A lot of the "gain" over time is just due to inflation. Capital gains taxes are a tax on inflation, lucky us...

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