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Evolve Canadian Aggregate Bond Enhanced Yld Fd ETF V.AGG


Primary Symbol: T.AGG



TSX:AGG - Post by User

Comment by ABDPhilon Apr 09, 2022 9:14am
151 Views
Post# 34590429

RE:Two big issues in the annual report

RE:Two big issues in the annual report
The economic profitability of this project has already been established in the 43-101 technical report. What is stated in the annual financial statements consists in reclassifying the sums invested in expenses rather than in assets, which will make it possible to reduce the tax bill in the first years of operations. Otherwise, these sums would be amortized over the duration of the operations, over ~15 years. This is completely normal and does not call into question the viability of this project. It's just tax planning. 
 
Regarding Tree2tree's other comments, I believe that anyone with a little insight will come to understand that AGG's financial situation is worrying. Consequently, the hope should be limited to recovering part of the sums invested.
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