You mean Canadian investors not only get to deduct 100% of what they paid for the overpriced shares, but then they get a 30% tax credit on top of that?
The combined federal and provincial tax rate for Saskatchewan is as high a 47.5%. So those sophisticated investors (if they're rich, they're sophisticated, right?) only paid 22.5% x 5.1 CA cents = 11.5 cents per share (or 1.3 cents AU, which is back to where it was a month or so ago).
Yes. Definitely sophisticated.
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
30 | 7160172 | 1.6¢ |
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Price($) | Vol. | No. |
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1.8¢ | 766509 | 6 |
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1 | 500000 | 0.017 |
30 | 7171991 | 0.016 |
25 | 6733253 | 0.015 |
20 | 5222433 | 0.014 |
5 | 4305000 | 0.013 |
Price($) | Vol. | No. |
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0.018 | 1418890 | 6 |
0.019 | 1225837 | 7 |
0.020 | 2015966 | 15 |
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0.022 | 6474849 | 13 |
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