Taxes on Redeemed Shares

When shares are redeemed, there is a taxable deemed dividend. The deemed dividend per share is calculated as the difference between the Redemption Price per share and the Paid Up Capital (PUC) per share. There will be capital gains when shares are redeemed with PUC greater than Adjusted Cost Base (ACB). Capital gain is calculated …

TAM-SAM-SOM=SPAM!

Many pitch decks these days include a slide labelled TAM-SAM-SOM to point out the market potential of a company’s products or services. Frankly, for me this is a big turn-off. I regard it as SPAM – totally useless and irrelevant. If the product is a medical device, what’s the point of saying that the global …

Presentations – AGM2023

Here are links to the Companies that presented at the September 27, 2023 Annual Meeting:(Some of the links may only be valid for a month or two.) In-Person Presentations: Avivo Biomedical Inc (Powerpoint) Aidant Intelligent Technology Inc (Powerpoint) ARC Medical Devices Inc (Powerpoint) Bionic Power Inc (Powerpoint) Careteam Technologies Inc (Powerpoint) Headcheck Health Inc (Powerpoint) …

Buying WUTIF Shares in an RRSP or TFSA

Disclaimer: The following content, while believed to be accurate, should not be relied upon without the advice of a financial professional. RRSPs (Registered Retirement Savings Plan) and TFSAs (Tax-Free Savings Account) are legal tax shelters that have been created by the Canadian Government to help people save for their retirement. All kinds of investments can …

WUTIF News & Updates

Nov 6, 2023, Sale of Carbon Engineering to Occidental Petroleum at CAD$2.1 Billion valuation completed. WUTIF is now offering share redemptions and rollovers to shareholders. Sep 27, 2023, WUTIF held its 20th Annual General Meeting in Person. 68.7% of outstanding shares were voted in favour of all resolutions. Sep 15, 2023, WUTIF is offering shares …

Adding Value Through Due Diligence

WUTIF Capital receives many requests for funding.  We have to be efficient at evaluating companies to determine if the investment opportunity meets our criteria for investment. Our purpose is to accelerate the success of technology entrepreneurs through our funding and stewardship of the companies.  We believe that we provide a benefit to every start-up business …

The Board of Directors

“We must all hang together, or assuredly we shall all hang separately!” (Benjamin Franklin) The Team There are many sayings like the one quoted above to remind managers and entrepreneurs that it takes a team to build a successful venture. A company’s board of directors is the ultimate team that accepts the overall responsibility for …

Why so many Share Classes?

Corporate life used to be simple in that a company would have one class of shares: Common Shares. Every shareholder had the same entitlements regarding voting, and participating in dividends and exits. However, as the investment landscape changed with the increased participation of various types of investors, so have corporate structures evolved. Share Types There …

WUTIF’s Term Sheet

A “Term Sheet” is a document that summarizes the terms of an investment. It’s usually proposed by the investor(s) and spells out what they want in order to proceed with an investment. I’m not sure why it’s not called a “Terms Sheet” since there are many terms in it. Perhaps that came about because the …

Due Diligence Checklist

Due Diligence Checklist 1.     Corporate Structure and Corporate History Articles of incorporation Corporate by-laws and operating agreements Minutes of Board of Directors and Shareholder meetings Past and Current Shareholders Agreements All other documents provided to directors and shareholders Board of Directors Members (Experience and Skills) Business Advisory Board Members (Experience and Skills) Officers of the …