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: Tax implications, re Dividend

over 9 years ago

in response to chunkytoast's message

Further to Chunky's explanation which is 100% correct. CUU can't pay out a dividend as they have a retained earnings (deficit). As CUU has never made a profit, and overall cumulatively have only lost money, they CANNOT pay out a dividend.

The payment they made can only be treated as a return of capital and be used to reduce your ACB (adjusted cost base) of the the shares you own.

Nut