RE:RE:Is the problem with the CRA and Silver Wheaton going Received a reply to this question from Sandstorm and their answer said:
Hello Brian,
Out of Sandstorm’s 72 streams and royalties, the Santa Elena and Aurizona streams are the only contracts that have generated income in a foreign subsidiary and with the recent Luna restructuring, the Aurizona royalty has been moved to Canada.
We currently have $150 million in tax loss carry forwards in Canada, so if the CRA required that income from a foreign subsidiary be taxed in Canada in the future, we do not expect there to be a material effect. Having said that, Sandstorm is not being audited by the CRA so the likelihood of receiving a CRA Proposal Letter in the near future is low.
Let me know if you have any further questions.
— DENVER HARRIS
Vice President, Capital Markets, Sandstorm Gold Ltd.
Office: 604.628.1178
Mobile: 604.603.5484
www.sandstormgold.com