Copper Fox Metals Inc.

Welcome To the Copper Fox Metals Inc. HUB On AGORACOM Copper Fox Metals is a Canadian-based resource company focused on developing the world-class Schaft Creek Project in northwestern British Columbia.

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Re: dividend disbursement

about 11 years ago

in response to sydneyb's message

"Is it not a Tax Free disbursment (say in Trading account) as noted in the release ?"

The disbursement is a return of capital, which is not a taxable event. Instead, your ACB will be reduced by 2.75¢. for example, if you purchased CUU at 50¢, when you receive the disbursement, you technically purchased CUU at 47.25¢. It would reduce your original purchase price as though you had purchase the stock for less.

In other words, it's like a capital gain deferral for when you actually dispose of the shares. Hope this helps. Cal