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In addition, there is a potential future income tax benefit related to this write-down that will be recognized when the business records profits. In 2004, a gain of $70,700 in the expected future income tax benefit was recognized (2005 - NIL) due to a change in balances carried forward and a change in the expected tax rate. An expense to the Company's future income tax benefit of $22,000 was recorded during the period, versus a net gain of $43,400 reported in 2004. |
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