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

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