Post-event profit taxation and upcoming loss allocation
Hello, I am an investor in Canada Gold Trust 2. The company has declared insolvency some time ago. Now, the tax office is retroactively offsetting profits for 2012 and 2013 - according to the company Xolaris, a loss allocation will be received for 2014.
The tax return for Canada Gold Trust 2014 is currently with the tax office, and it is currently unknown when the loss allocation will be created. The tax office's income tax supplement is almost due - should I or must I pay this? And with the loss allocation, in which the money is completely written off, will the profits from this investment be refunded? Or should I file an objection regarding this matter?
