Copper Mountain Mining Corporation T.CUM

Cap. gains vs Dividends

[drifter2]

Sposch2....thanks for the heads up regarding events at the  CUM AGM. 

Regarding your June 22nd comment re cap gains taxed at 50% and dividends at 85%, one is
left with the impression cap gains are more favourable to personal income tax reporting.
At one time, I thought the same.  However, when I did a "what if" exercise when filing my
tax return, such is not the case.

Hyothetical example, on the 2010 tax return if a senior's income is $42,000 (including $1000 dividends [which has been grossed up to $1,440.00]
compared to the same senior's $42,000 income (including $1000 cap gain  [which is reduced to $500 gain], the difference is $115 MORE TAX payable.

The dividend tax credit is the advantage in net tax payable.

However, I have had CUM since the $3.00 level....read about it in the Vancouver Sun last year and I liked the story.
I have no problem in acquiring capital gains!,  lol.