You're welcome Plext Yes and no. DGR's Director's fees, admin...

You're welcome Plext

Yes and no.

DGR's Director's fees, admin expenses and other exploration costs, etc, etc are all expensed through the P&L for tax purposes, thus creating a revenue loss to offset income and capital gains. Revenue losses not offset in a given year can be carried forward for future use.

Capital gains can be offset against revenue losses, but capital losses (say we sold shares in a Company we were "underwater" on) cannot be offset against non-capital income (interest, management fees, forex gains, etc). The wonders of the tax system!

K