GREY:BXEFF - Post by User
Comment by
HARJAYon Jul 06, 2018 12:58pm
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Post# 28278432
RE:Tax Credits
RE:Tax CreditsIs this what your refering to from their May 8 Financials.
10. INCOME TAXES Bellatrix is a corporation as defined under the Income Tax Act (Canada) and is subject to Canadian federal and provincial taxes. Bellatrix is subject to provincial taxes in Alberta, British Columbia, and Saskatchewan as the Company operates in those jurisdictions. Deferred taxes reflect the tax effects of differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts reported for tax purposes. As at March 31, 2018, Bellatrix had approximately $1.36 billion in tax pools available for deduction against future income. Included in this tax basis are estimated non-capital loss carry forwards of approximately $144.1 million that expire in years through 2033.