Agoracom: Small Cap Investment - Noront Resources - Re: We were warned and didn't know it

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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shortty

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Re: We were warned and didn't know it - Cylinder

in response to

Re: We were warned and didn't know it - Cylinder

sambone

posted on Apr 05, 2008 04:13PM

That is a double edged sword - yes the growth of the value of yyour shares held in an RRSP is protected from taxation, but when you withdraw money, it is all included in income. Captial gains outside your registered account have a 50% inclusion rate, meaning that one dollar in gains results in 50 cents in taxable income. As I have said before in this forum, everyone should seek the advice of a CA on matters of taxation - the expense will be well worth it.