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Canada: ~C$4.5 billion in available tax pools at December 31, 2020

• Includes:

‒ $3.8 billion in Canadian federal net operating loss carryforwards

‒ $0.3 billion in Canadian Development Expenses (30% declining balance p.a.)

‒ $0.4 billion in allowable capital loss carryforwards

• Applies to cash income taxes in Canada

• Does not apply to:

‒ Resource taxes in Canada

‒ Cash taxes in foreign jurisdictions