What happens at the end of the eight year hold period (Rollovers)?
At the end of the eight year hold period you can either redeem your investment without any amount being withheld or you can reinvest your Shares to receive an additional tax credit on the amount reinvested. If you choose to reinvest your Golden Opportunities Shares purchased in 1999 you will receive an additional 35% in tax credits on your investment (a maximum investment of $5000 on which tax credits can be claimed in any single tax year still applies). You can receive 35% in tax credits without investing any new money!
Related Questions
- What happens if the delinquent taxpayer does not pay the back taxes owed on the certificate I hold, and a year goes by and more taxes are due?
- If I die before the 5 year (60 month) period ends, what happens to the rest of my Supplemental Retirement Benefit?
- What happens if at the end of the 2 year period the amount of carbon has not increased by the forecast 1%?
