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Re: btmfdr2 post# 148

Friday, 06/21/2013 8:21:50 AM

Friday, June 21, 2013 8:21:50 AM

Post# of 166
The statutory tax rate for them in Canada has been 28.25% Although I think it dropped to 26.5% based upon their annual report. They do have some income in the US too but the vast majority of their income is Canadian. As of the end of 2012 they had a deferred tax asset of $232,199.

In Q1'2013 they accrued taxes at the rate of 28.5%. I would expect the same going forward although I think it could vary a bit.

Mike

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