Terra Tax Savings Calculator
Consult your Financial Advisor to ensure this investment is suitable for you.
Calculator Inputs
Taxable income is gross income (salary, bonus, pension or interest income, 50% of a capital gain etc.) less RRSP deductions, interest expenses, etc & exemptions.
Investment income for a CCPC includes interest income, foreign dividend income, rental income & taxable capital gains.
NAV on Redemption is the expected future value of the investment expressed as a percentage.
Cash Flow & Rate of Return | Year 1 Investment |
Year 2 Rollover 1 |
Years 3 - 5 Post Rollover |
---|---|---|---|
Investment | - | - | |
Annual Tax Savings 2 | |||
NAV on Redemption | - | - | |
Capital Gains Tax on Redemption3 | - | - | |
Cash Flow - $ | |||
Cumulative Return - $ | |||
Rate of Return - % |
Rate of return for is calculated as the total Cumulative Return for divided by the Capital at Risk in year 1 for .
1 Rollover is targeted for June in the 2nd calendar year. 2, 3 See following tables.
2 Tax Savings | Year 1 Investment |
Year 2 Rollover |
Years 3 - 5 Post Rollover |
---|---|---|---|
A. CEE & Other Deductions | |||
B. Average Tax Rate 4 | |||
C. Tax Savings - CEE & Other ( A x B ) | |||
D. Tax Savings - METC 5, 6 | - | ||
E. Tax Savings - CMETC 5, 6 | - | ||
Annual Tax Savings ( C + D + E ) |
4 Average tax rate is the average rate over multiple income tax brackets & determines the value of CEE & Other deductions.
5 METC is the federal 15% Mineral Exploration Tax Credit; CMETC is the federal 30% Critcal Mineral Exploration Tax Credit.
6 METC & CMETC are only available to individuals (and not corporations) and taxable as income in year 2.
3 Capital Gains Tax on Redemption | Year 2 Rollover |
---|---|
A. NAV on Redemption | |
B. Less: Eligible Capital Loss Carry Forward | |
C. Net Taxable Capital Gain ( A - B ) | |
D. Tax Rate on Capital Gain (50% inclusion rate) | |
Capital Gains tax on Redemption ( C x D ) |