SkyPower Wind Energy Fund LP Obtains Advance Income Tax Rulings

Toronto, Canada [] SkyPower Wind Energy Fund LP announces that Terrawinds Resources Corp. has successfully obtained satisfactory advance income tax rulings from the Canada Revenue Agency (CRA) and relevant Quebec tax authorities and has completed the amendment to the Flow-Through Subscription Agreement. Income taxes payable by individual unit holders as a result of the reduction in the 2005 CEE deduction will be due and payable by April 30, 2007. Provided an individual unit holder pays any such income tax by April 30, 2007, no interest or penalties will be assessed by the CRA under current regulations in connection with the additional tax owing.


Previous articleMass. Power Plants to Pay Emissions Penalties
Next articleRaser Secures Second 50-Year Geothermal Lease

No posts to display