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SkepticalOptimist

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SkepticalOptimist

Re: Bobwins post# 52

Friday, 11/25/2005 4:51:33 PM

Friday, November 25, 2005 4:51:33 PM

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Can anyone explain the Canadian tax situation to me? I noticed Rival accrued $398K in 3Q05 for "Future Income Taxes" and that the balance sheet has $957K of long-term liability for future income tax, insinuating that it does not have to be paid for over one year. Do Canadians not have to pay their taxes for over a year? - If so, maybe I should move to Canada.
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