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Tax Re-Filing - General Update - November 2001
The majority of the initial round of tax re-filing has been completed by CCRA. Their latest figures indicate 1,955 re-assessment (refund) cheques have been mailed to investors. Additionally, they report approximately 185 investors left to process. PricewaterhouseCoopers are working on a reconciliation to ensure every lender's request has been completed by CCRA.
We are currently underway with the second phase of the re-filing process. We have mailed 350 packages to the lenders; there are approximately 2,100 packages left to complete. Each package contains:
- Summary of non-registered investments eligible for the re-filing process
- Summary of elections made to date
- Additional interest amounts eligible for Return of Capital treatment
- Capital Loss calculation and application forms as deemed by CCRA
- ABIL calculation and application forms as deemed by CCRA
- Individual discrepancies raised in initial round mailing explained
- General information
We will update these figures as the mailing process continues.
PricewaterhouseCoopers Inc.
Judicial Trustee
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