RE:RE:RE:RE:RBCWe all know that for a long time, like institutionals, lender, market analysts and more !
And many more O&G CDN producers are in the same boat !
https://www.baytexenergy.com/content/uploads/2022/09/CRA-Proposal-November-3-FINAL.pdf
BAYTEX ANNOUNCES RECEIPT OF PROPOSAL LETTER FROM THE CANADA REVENUE AGENCY CALGARY, ALBERTA (November 4, 2014) – Baytex Energy Corp. (“Baytex”) (TSX, NYSE: BTE) announces that certain of its indirect subsidiaries have received a letter (the “Proposal Letter”) from the Canada Revenue Agency (the “CRA”) advising that, subject to submissions by Baytex, the CRA is proposing to reassess those subsidiaries to deny non-capital loss deductions relevant to the calculation of income taxes for the years 2011 through 2013. In 2010, Baytex acquired several private entities with accumulated non-capital losses of $591 million. The proposed reassessments seek to disallow the deduction of these noncapital losses under the general anti-avoidance rule of the Income Tax Act (Canada).