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News Article | February 23, 2017
Site: www.marketwired.com

Amendment to the General Terms and Conditions for Swedish Depository Receipts TORONTO, ONTARIO--(Marketwired - Feb. 22, 2017) - Lundin Mining Corporation ("Lundin Mining" or the "Company") (TSX:LUN)(OMX:LUMI) reports the following: The Company is pleased to announce that today it has declared a dividend of CAD$0.03 per share. The dividend is payable on April 18, 2017 to the shareholders of record at the close of business on March 31, 2017. This dividend qualifies as an 'eligible dividend' for Canadian income tax purposes. In 2012, the Canada Revenue Agency (CRA) changed how the tax withholding rate applied to dividend payments made to non-residents is determined. The CRA now requires a certification of residency from each shareholder so that the preferred tax treaty rate can be applied where applicable to persons resident in countries which have a tax treaty with Canada. Form NR301 form will be mailed to all Registered non-resident shareholders by Computershare Investor Services Inc. In order to receive the preferred treaty rate, you must complete and mail back the form as soon as possible. Failure to supply a completed NR301 form will result in Computershare withholding the statutory 25% withholding tax rate on any payments to Registered non-resident shareholders. You can also download the form at https://cda.computershare.com/Content/4f677775-5e6c-4e64-a695-a5785771fec3. Instructions on how to correctly complete the NR301 are on the back of the form. Shareholders who hold their shares through a broker should contact their broker directly. They do not need to return a form to Computershare. Notice to all holders of Swedish Depository Receipts The dividend is payable to those holders of SDBs (ISIN SE0001134529) ("SDRs") who on the record date (March 31, 2017) are entered on the SDR register kept by Euroclear Sweden as holders of SDRs or holders of rights. Dividends payable to SDR holders shall be paid in Swedish kronor (SEK). The conversion from CAD$ to SEK will be executed by Pareto Securities AB ("Pareto") at public market rate. The estimated payment date is on or about April 25, 2017. In order to execute the payment of the dividend on the SDRs, a temporary administrative cross border transfer closure will be applied from and including March 28, 2017 up to and including March 31, 2017, during which period shares of the Company cannot be deposited with Pareto Securities AB and deposited shares of the Company cannot be withdrawn. In order to make possible a payment of dividends on the SDRs, the Company and Pareto have jointly amended and further updated the General Terms and Conditions for the SDRs (the "Terms"). The complete amended Terms are available on the Company's website and on Pareto's website at www.paretosec.com. A notice of the change of the Terms will also be published in Svenska Dagbladet on or around February 27, 2017, from which date the amended Terms will take effect. Dividend payments on SDRs will be made net of 25% Canadian withholding tax and any other Canadian and Swedish taxes deemed applicable under Canadian and Swedish law. SDR holders who are entitled to reclaim Canadian and/or Swedish tax under applicable tax treaties should contact the CRA and the Swedish Tax Agency, respectively, directly. SDR holders who hold their SDRs through a nominee should contact their nominee. The declaration, timing, amount and payment of future dividends remain at the discretion of the Board of Directors. Lundin Mining is a diversified Canadian base metals mining company with operations in Chile, the USA, Portugal, and Sweden, primarily producing copper, nickel and zinc. In addition, Lundin Mining holds an indirect 24% equity stake in the world-class Tenke Fungurume copper/cobalt mine in the Democratic Republic of Congo and in the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland. The Company has entered into an agreement to sell its indirect equity stake in Tenke Fungurume. On Behalf of the Board, This is information that Lundin Mining Corporation is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above on February 22, 2017 at 7:15 p.m. Eastern Time. The content contained herein is not tax advice. Do not use or otherwise rely upon any of the content without first seeking independent tax advice.


News Article | February 15, 2017
Site: marketersmedia.com

EDMONTON, AB / ACCESSWIRE / February 15, 2017 / Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTC Pink: GZDIF) ("Grizzly" or the "Company") is pleased to announce a private placement (the "Private Placement") of up to 5,000,000 non-flow-through units (the "Units") at a price of $0.05 per Unit, for gross proceeds of up to $250,000, and up to 4,500,000 flow-through units (the "FT Units") at a price of $0.07 per FT Unit, for gross proceeds of up to $315,000. Each Unit is comprised of one common share in the capital of the Company ("Common Share") and one Common Share purchase warrant with an exercise price of $0.075 per Common Share ("Unit Warrant"). Each FT Unit is comprised of one Common Share issued as a "flow-through" share pursuant to the Income Tax Act (Canada) ("FT Share") and one Common Share purchase warrant with an exercise price of $0.10 per Common Share ("FT Unit Warrant"). Each of the Unit Warrants and FT Unit Warrants (collectively, the "Warrants") will entitle the holder to acquire one additional Common Share at the corresponding exercise price, for a period of two years from the date the Units or FT Units are issued (the "Closing Date") or, if during the exercise period of the warrants, but after the resale restrictions on the shares have expired, the Company's shares trade at or above a weighted average trading price of $0.12 per share on the TSX Venture Exchange for 10 consecutive trading days, the Company may accelerate the expiry time of the Warrants by issuing a news release and giving written notice to holders of Warrants stating that the Warrants will expire 30 days from the date of such notice ("Acceleration"). If fully subscribed, the Private Placement will result in the sale and issuance of 9,500,000 Common Shares and 9,500,000 Warrants for aggregate gross proceeds of $565,000. The Units and FT Units shall be sold to persons eligible pursuant to available prospectus and registration exemptions. A portion of the Units may be sold to eligible purchasers in accordance with the exemption set out in Alberta Rule 45-516 Prospectus Exemptions for Retail Investors and Existing Security Holders, or similar regulations in other jurisdictions, (the "Security Holder Exemption") pursuant to the terms and conditions of this news release and Alberta Rule 45-516. Grizzly shall make the pro-rata offer available to all persons in eligible jurisdictions who, as of the record date of February 14, 2017, held at least one Common Share . In accordance with the requirements of the Security Holder Exemption, the Company confirms there is no material fact or material change related to the Company which has not been generally disclosed. The Private Placement securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "1933 Act"), or under any state securities laws, and may not be offered or sold, directly or indirectly, or delivered within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or a solicitation to buy such securities in the United States. In connection with the Private Placement, where permitted by applicable securities legislation, any Units or FT Units sold to purchasers referred to the Company by registered broker dealers, limited market dealers, or other eligible arm's length persons (individually, a "Finder") may result in a cash commission in an amount equal to 10% of the gross proceeds of the Units or FT Units sold to such referred purchasers, to be paid out of the gross proceeds of Units to the Finder at closing. As additional consideration, the Company may issue to the Finder Common Share purchase warrants (the "Finder Warrants") entitling the Finder to purchase an additional number of Common Shares equal to 10% of the aggregate number of Units and FT Units sold by the Finder in the Private Placement on the same terms as the Warrants included in the respective Units or FT Units sold. Subject to regulatory approval, each Finder Warrant will be exercisable to acquire one common share at the corresponding exercise price of $0.075 or $0.10 for a period of 24 months after the Closing Date, subject to the Acceleration. The gross proceeds received by the Company from the sale of the FT Shares included in the FT Units will be used to incur Canadian Exploration Expenses that are "flow-through mining expenditures" (as such terms are defined in the Income Tax Act (Canada)) on the Company's properties in British Columbia, which expenses will be renounced to the subscribers with an effective date no later than December 31, 2017, in the aggregate amount of not less than the total amount of the gross proceeds raised from the sale of FT Shares. The price of the FT Units shall be allocated as $0.069 per FT Share and $0.001 per FT Unit Warrant, or such other allocation that is finally determined by agreement between the Company and the Canada Revenue Agency. The gross proceeds on the sale of FT Units shall be expended on surface exploration leading to drilling of targets on the Ket 28, Motherlode and Dayton areas of the Company's Greenwood Project in British Columbia. The net proceeds from the sale of the Units will be used for general corporate and working capital purposes. All Common Shares issued under the Private Placement and any Common Shares issuable upon exercise of Warrants or FT Unit Warrants will be subject to a four month hold period from the date of issue in accordance with applicable laws and regulations. The Private Placement is subject to acceptance of the TSX Venture Exchange. Grizzly is a diversified Canadian mineral exploration company with its primary listing on the TSX Venture Exchange with 52.4 million shares issued, focused on developing significant Potash assets in Alberta and its precious metals properties in southeastern British Columbia. The Company holds over 235,000 acres of precious-base metal properties in British Columbia; more than 220,000 acres of properties which host diamondiferous kimberlites in the Buffalo Head Hills region of Alberta; and metallic and industrial mineral permits for potash totaling more than 143,000 acres along the Alberta-Saskatchewan border. For further information, please visit our website at www.grizzlydiscoveries.com or contact: Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as "may," "will," "should," "anticipate," "plan," "expect," "believe," "estimate," "intend" and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Grizzly in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Grizzly's actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon. Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Grizzly disclaims any obligation to update or revise any forward-looking information or statements except as may be required by law. EDMONTON, AB / ACCESSWIRE / February 15, 2017 / Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTC Pink: GZDIF) ("Grizzly" or the "Company") is pleased to announce a private placement (the "Private Placement") of up to 5,000,000 non-flow-through units (the "Units") at a price of $0.05 per Unit, for gross proceeds of up to $250,000, and up to 4,500,000 flow-through units (the "FT Units") at a price of $0.07 per FT Unit, for gross proceeds of up to $315,000. Each Unit is comprised of one common share in the capital of the Company ("Common Share") and one Common Share purchase warrant with an exercise price of $0.075 per Common Share ("Unit Warrant"). Each FT Unit is comprised of one Common Share issued as a "flow-through" share pursuant to the Income Tax Act (Canada) ("FT Share") and one Common Share purchase warrant with an exercise price of $0.10 per Common Share ("FT Unit Warrant"). Each of the Unit Warrants and FT Unit Warrants (collectively, the "Warrants") will entitle the holder to acquire one additional Common Share at the corresponding exercise price, for a period of two years from the date the Units or FT Units are issued (the "Closing Date") or, if during the exercise period of the warrants, but after the resale restrictions on the shares have expired, the Company's shares trade at or above a weighted average trading price of $0.12 per share on the TSX Venture Exchange for 10 consecutive trading days, the Company may accelerate the expiry time of the Warrants by issuing a news release and giving written notice to holders of Warrants stating that the Warrants will expire 30 days from the date of such notice ("Acceleration"). If fully subscribed, the Private Placement will result in the sale and issuance of 9,500,000 Common Shares and 9,500,000 Warrants for aggregate gross proceeds of $565,000. The Units and FT Units shall be sold to persons eligible pursuant to available prospectus and registration exemptions. A portion of the Units may be sold to eligible purchasers in accordance with the exemption set out in Alberta Rule 45-516 Prospectus Exemptions for Retail Investors and Existing Security Holders, or similar regulations in other jurisdictions, (the "Security Holder Exemption") pursuant to the terms and conditions of this news release and Alberta Rule 45-516. Grizzly shall make the pro-rata offer available to all persons in eligible jurisdictions who, as of the record date of February 14, 2017, held at least one Common Share . In accordance with the requirements of the Security Holder Exemption, the Company confirms there is no material fact or material change related to the Company which has not been generally disclosed. The Private Placement securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "1933 Act"), or under any state securities laws, and may not be offered or sold, directly or indirectly, or delivered within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or a solicitation to buy such securities in the United States. In connection with the Private Placement, where permitted by applicable securities legislation, any Units or FT Units sold to purchasers referred to the Company by registered broker dealers, limited market dealers, or other eligible arm's length persons (individually, a "Finder") may result in a cash commission in an amount equal to 10% of the gross proceeds of the Units or FT Units sold to such referred purchasers, to be paid out of the gross proceeds of Units to the Finder at closing. As additional consideration, the Company may issue to the Finder Common Share purchase warrants (the "Finder Warrants") entitling the Finder to purchase an additional number of Common Shares equal to 10% of the aggregate number of Units and FT Units sold by the Finder in the Private Placement on the same terms as the Warrants included in the respective Units or FT Units sold. Subject to regulatory approval, each Finder Warrant will be exercisable to acquire one common share at the corresponding exercise price of $0.075 or $0.10 for a period of 24 months after the Closing Date, subject to the Acceleration. The gross proceeds received by the Company from the sale of the FT Shares included in the FT Units will be used to incur Canadian Exploration Expenses that are "flow-through mining expenditures" (as such terms are defined in the Income Tax Act (Canada)) on the Company's properties in British Columbia, which expenses will be renounced to the subscribers with an effective date no later than December 31, 2017, in the aggregate amount of not less than the total amount of the gross proceeds raised from the sale of FT Shares. The price of the FT Units shall be allocated as $0.069 per FT Share and $0.001 per FT Unit Warrant, or such other allocation that is finally determined by agreement between the Company and the Canada Revenue Agency. The gross proceeds on the sale of FT Units shall be expended on surface exploration leading to drilling of targets on the Ket 28, Motherlode and Dayton areas of the Company's Greenwood Project in British Columbia. The net proceeds from the sale of the Units will be used for general corporate and working capital purposes. All Common Shares issued under the Private Placement and any Common Shares issuable upon exercise of Warrants or FT Unit Warrants will be subject to a four month hold period from the date of issue in accordance with applicable laws and regulations. The Private Placement is subject to acceptance of the TSX Venture Exchange. Grizzly is a diversified Canadian mineral exploration company with its primary listing on the TSX Venture Exchange with 52.4 million shares issued, focused on developing significant Potash assets in Alberta and its precious metals properties in southeastern British Columbia. The Company holds over 235,000 acres of precious-base metal properties in British Columbia; more than 220,000 acres of properties which host diamondiferous kimberlites in the Buffalo Head Hills region of Alberta; and metallic and industrial mineral permits for potash totaling more than 143,000 acres along the Alberta-Saskatchewan border. On behalf of the Board, For further information, please visit our website at www.grizzlydiscoveries.com or contact: Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as "may," "will," "should," "anticipate," "plan," "expect," "believe," "estimate," "intend" and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Grizzly in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Grizzly's actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon. Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Grizzly disclaims any obligation to update or revise any forward-looking information or statements except as may be required by law.


News Article | February 15, 2017
Site: www.accesswire.com

EDMONTON, AB / ACCESSWIRE / February 15, 2017 / Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTC Pink: GZDIF) ("Grizzly" or the "Company") is pleased to announce a private placement (the "Private Placement") of up to 5,000,000 non-flow-through units (the "Units") at a price of $0.05 per Unit, for gross proceeds of up to $250,000, and up to 4,500,000 flow-through units (the "FT Units") at a price of $0.07 per FT Unit, for gross proceeds of up to $315,000. Each Unit is comprised of one common share in the capital of the Company ("Common Share") and one Common Share purchase warrant with an exercise price of $0.075 per Common Share ("Unit Warrant"). Each FT Unit is comprised of one Common Share issued as a "flow-through" share pursuant to the Income Tax Act (Canada) ("FT Share") and one Common Share purchase warrant with an exercise price of $0.10 per Common Share ("FT Unit Warrant"). Each of the Unit Warrants and FT Unit Warrants (collectively, the "Warrants") will entitle the holder to acquire one additional Common Share at the corresponding exercise price, for a period of two years from the date the Units or FT Units are issued (the "Closing Date") or, if during the exercise period of the warrants, but after the resale restrictions on the shares have expired, the Company's shares trade at or above a weighted average trading price of $0.12 per share on the TSX Venture Exchange for 10 consecutive trading days, the Company may accelerate the expiry time of the Warrants by issuing a news release and giving written notice to holders of Warrants stating that the Warrants will expire 30 days from the date of such notice ("Acceleration"). If fully subscribed, the Private Placement will result in the sale and issuance of 9,500,000 Common Shares and 9,500,000 Warrants for aggregate gross proceeds of $565,000. The Units and FT Units shall be sold to persons eligible pursuant to available prospectus and registration exemptions. A portion of the Units may be sold to eligible purchasers in accordance with the exemption set out in Alberta Rule 45-516 Prospectus Exemptions for Retail Investors and Existing Security Holders, or similar regulations in other jurisdictions, (the "Security Holder Exemption") pursuant to the terms and conditions of this news release and Alberta Rule 45-516. Grizzly shall make the pro-rata offer available to all persons in eligible jurisdictions who, as of the record date of February 14, 2017, held at least one Common Share . In accordance with the requirements of the Security Holder Exemption, the Company confirms there is no material fact or material change related to the Company which has not been generally disclosed. The Private Placement securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "1933 Act"), or under any state securities laws, and may not be offered or sold, directly or indirectly, or delivered within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or a solicitation to buy such securities in the United States. In connection with the Private Placement, where permitted by applicable securities legislation, any Units or FT Units sold to purchasers referred to the Company by registered broker dealers, limited market dealers, or other eligible arm's length persons (individually, a "Finder") may result in a cash commission in an amount equal to 10% of the gross proceeds of the Units or FT Units sold to such referred purchasers, to be paid out of the gross proceeds of Units to the Finder at closing. As additional consideration, the Company may issue to the Finder Common Share purchase warrants (the "Finder Warrants") entitling the Finder to purchase an additional number of Common Shares equal to 10% of the aggregate number of Units and FT Units sold by the Finder in the Private Placement on the same terms as the Warrants included in the respective Units or FT Units sold. Subject to regulatory approval, each Finder Warrant will be exercisable to acquire one common share at the corresponding exercise price of $0.075 or $0.10 for a period of 24 months after the Closing Date, subject to the Acceleration. The gross proceeds received by the Company from the sale of the FT Shares included in the FT Units will be used to incur Canadian Exploration Expenses that are "flow-through mining expenditures" (as such terms are defined in the Income Tax Act (Canada)) on the Company's properties in British Columbia, which expenses will be renounced to the subscribers with an effective date no later than December 31, 2017, in the aggregate amount of not less than the total amount of the gross proceeds raised from the sale of FT Shares. The price of the FT Units shall be allocated as $0.069 per FT Share and $0.001 per FT Unit Warrant, or such other allocation that is finally determined by agreement between the Company and the Canada Revenue Agency. The gross proceeds on the sale of FT Units shall be expended on surface exploration leading to drilling of targets on the Ket 28, Motherlode and Dayton areas of the Company's Greenwood Project in British Columbia. The net proceeds from the sale of the Units will be used for general corporate and working capital purposes. All Common Shares issued under the Private Placement and any Common Shares issuable upon exercise of Warrants or FT Unit Warrants will be subject to a four month hold period from the date of issue in accordance with applicable laws and regulations. The Private Placement is subject to acceptance of the TSX Venture Exchange. Grizzly is a diversified Canadian mineral exploration company with its primary listing on the TSX Venture Exchange with 52.4 million shares issued, focused on developing significant Potash assets in Alberta and its precious metals properties in southeastern British Columbia. The Company holds over 235,000 acres of precious-base metal properties in British Columbia; more than 220,000 acres of properties which host diamondiferous kimberlites in the Buffalo Head Hills region of Alberta; and metallic and industrial mineral permits for potash totaling more than 143,000 acres along the Alberta-Saskatchewan border. On behalf of the Board, For further information, please visit our website at www.grizzlydiscoveries.com or contact: Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as "may," "will," "should," "anticipate," "plan," "expect," "believe," "estimate," "intend" and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Grizzly in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Grizzly's actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon. Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Grizzly disclaims any obligation to update or revise any forward-looking information or statements except as may be required by law.


News Article | February 27, 2017
Site: www.marketwired.com

Did you know? Every year, the Canada Revenue Agency (CRA) sends out more than 130 million pieces of correspondence to Canadians. If you received a notice or letter in 2016, you may have noticed that it has a new look. That's because the CRA has been improving the way it communicates with Canadians by making its correspondence easier to read and understand. Everything just got clearer Following an extensive evaluation completed in the fall of 2014, the CRA began redesigning its correspondence, focusing on how they are structured, designed, formatted, and written. The result is simple and clear notices and letters that outline key information you need to know. Now, it's easier than ever for you to understand your taxes. With nearly 75% of correspondence already revised, improvements to more complex notices and letters are underway. Whether you're a business, family, or individual, you can expect to see more improvements to your correspondence in the coming months. Starting in February 2017, the CRA will begin sending out enhanced Notices of Assessment to more than 29 million Canadians. The revised notice builds on improvements made in 2016. This included putting the most important information on the first page, making it easier to read and understand. This year, the notice has been further improved to include an account summary with an explanation of how you were assessed and what that means for you. It also includes a security feature where part of your Social Insurance Number is hidden, helping to better protect your information and prevent fraud. More changes to correspondence are being made this year, so keep an eye out for them in the coming months! Go to cra.gc.ca/noticesandletters for more information regarding these changes. For a more convenient way to access your CRA correspondence, including your new Notice of Assessment, go to My Account and register for online mail. To receive updates on what is new at the Canada Revenue Agency (CRA), you can: - Add our RSS feeds to your feed reader. - You can also watch our tax-related videos on YouTube.


News Article | February 15, 2017
Site: www.marketwired.com

Tips from the Canada Revenue Agency (CRA) could save you time and money! At tax time, avoid the following six things: 1. Not doing your taxes Even if you have not received income for 2016, you should still file your income tax and benefit return. You may be eligible for a refund, credits and benefits such as the Canada child benefit and the goods and services tax/harmonized sales tax (GST/HST) credit. To get your benefit and credit payments, you have to file a tax return every year so that the CRA can calculate the amount you should receive. If you have a modest income and a simple tax situation, you may be able to get help doing your taxes at a free tax preparation clinic near you. Find out more at cra.gc.ca/volunteer. 2. Not reporting all your income Make sure you report all your income. You should have received most of your slips, such as T4 slips, from your employer, payer, or administrator by the end of February. If you have not received, or have lost or misplaced a slip for 2016, ask the issuer of the slip for a copy. If you register with My Account you may have access to electronic copies of your slips. If you are still missing information, use any documents you have and enter estimated amounts. Sold your principal residence in 2016? Starting with sales in the 2016 tax year, you are required to report basic information (date of acquisition, proceeds of disposition, and address) on your income tax and benefit return when you sell your home to claim the full principal residence exemption. If you file your return online, you can save time by using Auto-fill my return, available through some certified tax preparation software. This secure service will automatically fill in certain parts of your return with information the CRA has on file. To use Auto-fill my return, you must be fully registered for My Account. For more information, go to cra.gc.ca/auto-fill. If you already filed your return but did not report income from a slip, you can change your return by using the "Change My Return" feature in My Account or by filling out Form T1-ADJ, T1 Adjustment Request, and sending it to your tax centre. If you want to correct earlier mistakes and put your tax affairs in order, you can make a voluntary disclosure through the CRA's Voluntary Disclosures Program. The program gives taxpayers a second chance to correct their taxes. Various non-deductible amounts, such as funeral expenses, wedding expenses, loans to family members, a loss on the sale of a home designated as a principle residence, and other similar amounts, are sometimes claimed in error. If the CRA determines that a taxpayer has made a mistake or made a claim to which they are not entitled, their return is adjusted. See the reasons for the most frequent adjustments at cra.gc.ca/commonadjustments. 4. Missing out on tax credits, benefits, and deductions The Government of Canada has credits, benefits, and deductions that may apply to your tax situation. Before filing your return, go to cra.gc.ca/getready to learn about the new and existing tax measures that could help you save money. Some certified tax software programs offer suggestions on credits, benefits, and deductions you can apply for, based on the information you enter. If you have a balance owing and do not file your return on time, the CRA will charge you a late-filing penalty. The penalty is 5% of your balance owing on the due date of your return, plus 1% of your balance owing for each full month your return is late, to a maximum of 12 months. Even if you cannot pay your balance owing by the filing deadline, you can avoid the late-filing penalty by filing on time. If you cannot pay the amount you owe by the due date, it is best to contact the CRA before then. The CRA will work with you to resolve your tax debt or other government programs debt. You may qualify for a payment arrangement or taxpayer relief. Keep your receipts and documents for at least six years after you file your return. If the CRA chooses to review your return, you will need to send your receipts to the CRA to support your claims. For more information, see Responding to the CRA. To receive updates on what is new at the Canada Revenue Agency, you can: Add our RSS feeds to your feed reader.


News Article | February 16, 2017
Site: www.marketwired.com

OTTAWA, ONTARIO--(Marketwired - Feb. 16, 2017) - Filing your income tax and benefit return on time helps prevent delays in receiving your benefits and credit payments. If you have a balance owing, paying on time helps you avoid possible interest and penalty charges. When you file online, NETFILE-certified tax preparation software guides you through the process, does all the calculations for you, and helps to ensure you don't miss out on any credits and benefits you are eligible for! If you are fully registered for My Account, you can use the Auto-fill my return service to automatically fill in parts of your current and prior year income tax and benefit return, making the online filing process even simpler. If you file electronically and are registered for online mail, you could receive the results of your assessment immediately after you file and your notice of assessment within 24 hours using the Express NOA service. Join the 84% of Canadians who already benefit with online filing! The CRA's online services are fast, easy-to-use, and secure. For more information about filing online, go to cra.gc.ca/getready. If you don't file on time, your benefit and credit payments such as the Canada child benefit (CCB) and the goods and services tax/harmonized sales tax (GST/HST) credit, could be interrupted or stopped. To receive updates on what is new at the Canada Revenue Agency, you can: Add our RSS feeds to your feed reader.


News Article | February 21, 2017
Site: www.marketwired.com

OTTAWA, ONTARIO--(Marketwired - Feb. 21, 2017) - Doing your taxes shouldn't be expensive. Below are some tips to reduce your costs and make it easier to do your taxes this filing season. Get help doing your taxes Get help managing your tax affairs To receive updates on what is new at the Canada Revenue Agency, you can: Add our RSS feeds to your feed reader.


News Article | February 28, 2017
Site: www.marketwired.com

OTTAWA, ONTARIO--(Marketwired - Feb. 28, 2017) - If you donated to a registered Canadian charity or other qualified donee that provides official donation receipts, you may qualify for a charitable donation tax credit when you file your income tax and benefit return. Where do you get an official donation receipt? To claim a charitable donation tax credit, you must get an official donation receipt from a registered Canadian charity or other qualified donee. Some examples of other qualified donees are: To see whether a charity is registered and is able to give official donation receipts, use the MyCRA web app or go to cra.gc.ca/charitylists. How long should you keep a charitable donation receipt? You should keep your official donation receipts for six years after the end of the tax year for which you made a claim, in case the Canada Revenue Agency asks to see them. Donations of cash, goods, land, and listed securities to a registered charity or other qualified donee may be eligible for a charitable donation tax credit. How do you calculate your charitable donation tax credit? To calculate your charitable donation tax credit, you first need to figure out the eligible amount of your charitable donations. Once you know that amount, you need to decide how much you want to claim. In any one tax year, you can claim: You can claim eligible donations of up to 75% of your net income. Gifts of certified cultural property or ecologically sensitive land are not limited to a percentage of your net income. For a quick estimate of your charitable donation tax credit for the current tax year, use MyCRA to access the charitable donation tax credit calculator. You are considered a first-time donor if you or your spouse or common-law partner have not claimed and been allowed a charitable donation tax credit after 2007. If you qualify, you may be able to claim the first-time donor's super credit. However, only gifts of money are eligible. For donations made after March 20, 2013, qualifying first-time donors may receive an additional federal tax credit of 25% on the first $1,000 of monetary donations. For more information on charities, donations, and charitable donation tax credits, go to cra.gc.ca/charities. To get updates when new information is added to the CRA website, you can:


News Article | February 24, 2017
Site: www.marketwired.com

OTTAWA, ONTARIO--(Marketwired - Feb. 24, 2017) - Short on time this tax season? Try Auto-fill my return. This secure Canada Revenue Agency service automatically fills in parts of your tax return, making filing online even easier! You can use Auto-fill my return if you file online using certain NETFILE-certified software and are fully registered for My Account. What information does the service fill in on your return? Auto-fill my return can automatically fill in certain tax information for the 2016 tax year, including: Before you send in your return Remember: Auto-fill my return does not do your taxes for you. So after using Auto-fill my return, make sure all the necessary fields on your return are filled in and the information given is accurate before sending in your return. The CRA's online services are fast, easy and secure Use them to help file your tax return, make a payment, track the status of your return, register for online mail, apply for benefits and credits, sign up for direct deposit, and more. Access the CRA's full suite of self-service options-register for My Account at cra.gc.ca/myaccount today and start managing your tax matters online! To receive updates on what is new at the Canada Revenue Agency, you can: Add our RSS feeds to your feed reader.


News Article | February 28, 2017
Site: www.marketwired.com

CALGARY, ALBERTA--(Marketwired - Feb. 28, 2017) - Norrep Capital Management Ltd. ("Norrep"), the Manager of a strategically focused group of public mutual funds, alternative funds and limited partnerships ("Norrep Investments"), announced today that dividends have been declared for the following funds: All dividends are payable on February 28, 2017 to shareholders of record at the close of business on February 27, 2017. Norrep Capital Management Ltd. hereby advises that these dividends are designated to be "eligible dividends" pursuant to subsection 89(14) of the Income Tax Act (Canada) and corresponding provincial legislation. Shareholders with questions regarding the tax treatment of dividends should consult with their own tax advisors or contact their local office of the Canada Revenue Agency and, where applicable, the provincial taxation authorities. Norrep Capital Management Ltd. is a Canadian investment firm with offices in Calgary and Toronto. Please visit www.norrep.com for more details about Norrep Investments. * Based on the MF or Class A Series; rates may differ for other series. Certain information set forth in this press release, including a discussion of future plans and operations, contains forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond management's control, including but not limited to, the impact of general economic conditions, industry conditions, fluctuation of commodity prices, fluctuation of foreign exchange rates, environmental risks industry competition, availability of qualified personnel and management, stock market volatility, timely and cost effective access to sufficient capital from internal and external sources. Actual results, performance or achievement could differ from those expressed in or implied by these forward-looking statements.

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