3 Weeks to Capital Gains Tax Increase (June 25th) With the date looming for the capital gains tax increase, hopefully with all the diligence done, winter /spring drilling program complete and the majority of the assay results in they have everything they need to close a deal. Whatever price is being haggled over, the gains realized for MGMT, BoD, Insiders will all be less with this new tax increase. I'm sure the acquirer is unphased about this change, but the special committee should and hopefully working hard to get this closed and across the finish line before the change comes into effect. I wouldn't want 2/3rd's of my hard earned profits going to the CRA. If it doesn't close, I bet we will wait another 1-1.5 years for a hopeful but not guaranteed change in the Federal Government and assumption they'll roll back all these taxes. I suspect the Liberals will have a leadership change ahead of the next election to try and keep their Government.