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  • Greywolf1: Next week maybe
    June 22, 2018, 06:24:56 AM
  • juu907: PICS--- PRICES
    June 21, 2018, 06:19:15 PM
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    June 08, 2018, 08:41:28 AM
  • Miner49r: Just Aquired 2 claims up in the coquihalla. Been trying to get up there for the last month but weather has no seemed to cooperate. Was going to try again but now their calling for severe weather in that area. Guess I'll just have to wait and see. Any one know any good weather improvement dances???
    June 08, 2018, 08:09:52 AM
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  • Greywolf1: David Suzuki the thieving bullsjit fake scientist
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    March 23, 2018, 07:12:28 AM
  • juu907: ill bet good money david and his buds didint walk to that gate to protest. likley burnt several gallons of gas or diesel.  BETS????
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  • juu907: we normally feed 100 grosbeaks untill april 15-17th this year it was march 17th and they are all gone. still 2' of snow. sure makes you wonder
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  • Greywolf1: Well starting to see some grass showing on lawn, and the driveway is clear and muddy, spring is getting closer
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  • juu907: seems pretty nerdy to us ole country boys kinda like that emc=2 thingy
    March 15, 2018, 04:09:46 PM
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Author Topic: What Advantages Or Disadvantages  (Read 133 times)

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D - Bar

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What Advantages Or Disadvantages
« on: June 14, 2018, 06:44:15 AM »

Is there to forming a little "Mining Company" as opposed to just ones self ?
What costs, hoops etc are associated with a company? Is there different rules
within the MTO for companies and so on?

Reason I ask is that there are several individuals that have claims in their name and also under a company name they have formed...


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Hi Lo Silver

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Re: What Advantages Or Disadvantages
« Reply #1 on: June 14, 2018, 06:51:28 AM »

Some may actually do that so their other company that they may own has a lose at the end of the year.  Fully anticipating not making any money at gold mining. Tax loop hole.

Others might do that so they can remain hidden to people looking into their claims.
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Greywolf1

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Re: What Advantages Or Disadvantages
« Reply #2 on: June 14, 2018, 06:24:24 PM »

SPECULATORS THE DICKS.............gREYWOLF
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This About Sums It Up,
‎"Work for a cause, not for applause. Live life to express, not to impress. Don't strive to make your presence noticed, just make your absence felt." - Unknown

D - Bar

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Re: What Advantages Or Disadvantages
« Reply #3 on: June 14, 2018, 08:23:00 PM »

SPECULATORS THE DICKS.............gREYWOLF

Well that about sums it up...Thanks for the input guys...Both comments make a lot of sense..
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Geezir

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Re: What Advantages Or Disadvantages
« Reply #4 on: June 15, 2018, 07:11:18 PM »

Is there to forming a little "Mining Company" as opposed to just ones self ?
What costs, hoops etc are associated with a company? Is there different rules within the MTO for companies and so on? . . .

The title says it. There are advantages and disadvantages to using a company for a mining venture.
Other than the Free Miners Certificate, $500 for a company the rules and costs are the same for a person or corporation. In addition there are costs and processes that are needed to keep a company current.

In general Canadian exploration expense (CEE) must be capitalized not expensed.
In Canada the basic ways to allow Corporate CEE to be expensed are. Proprietorship, Partnership. Limited Partner and Flow through shares. The last two have regulation complexities to meet the requirements of revenue Canada. If the requirements are meet with limited partnership or flow through share the corporate CEE can "flow through" and the individual will have a tax write off.

Corporate operating losses are normally streamed to the industry and cannot be written off in another industry.  For the small operator there is little benefit other than limited liability and that can be acquired with a corporate "operating company". There is no advantage to own the claim.
Hmm unless they want to impress an investor  >:(
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