SILVER (MSM)

July 07, 2015 SILVER (MSM)

Canada's Silver Wheaton gets CRA proposal to reassess income tax

[Reuters] – Silver streaming company Silver Wheaton Corp said it received a proposal from the Canada Revenue Agency (CRA) on Monday to reassess the company under various income tax rules. The CRA is seeking to tax streaming income earned by the company’s foreign units and said that Silver Wheaton’s taxable income should be increased by about C$715 million (about $565 million) for the years 2005 to 2010. “Generally a company

July 06, 2015 SILVER (MSM)

Silver Wheaton Remains Confident in Business Structure Following Receipt of CRA Proposal Letter

[PR Newswire] – The Proposal outlines CRA’s position that the transfer pricing provisions of the Income Tax Act (Canada) relating to income earned by our foreign subsidiaries outside of Canada should apply such that the income of Silver Wheaton subject to tax in Canada should be increased for the 2005 to 2010 taxation years (the “Relevant Taxation Years”) by approximately Cdn$715 million (US$567 million). The issuance of the Proposal does