OTCPK:MAUXF - Post by User
Post by
4funon Nov 13, 2011 8:58pm
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Post# 19234109
Tax rates
Tax ratesMMT is listed on the Venture Exchange in Canada. I spoke to a Canadian investment firm who's clients own over 81 million shares of Mart. In Canada, shares held in our retirement accounts (RRSP) pay no tax on either capital gains or dividends. Shares outside the RRSP pay almost the same whether capital gains or dividends.
If cash flow comes in as we expect, the company has not been able to drill fast enough to use that much cash. It will still have money to grow and pay dividends.
Sorry about your tax rates in Switzerland but Mart is held by a majority of Canadians and we like dividends. Dividends of 8 cents per year from Mart will pay my retirement income and I won't have to sell my shares of Mart to enjoy it. Dividends will allow me to hold my shares, enjoy my reitrement and participate in increased growth. It has it all for me.