| Some of the Math |
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| Ø | Canadian
exploration expenses are fully |
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| deductible
from your income |
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| Ø | Capital
gains are taxed at 50% of your |
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| marginal
tax rate |
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| Ú | If
you’re in the 50% tax bracket, your |
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| marginal
tax rate on these proceeds would be |
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| 50% x
50% = 25% |
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