The tax rate in Canada right now is about 27%. At this point in time most of our track work writeoffs are at 5% in the first year and 10% in the second year. Roughly, the cost would be about 27% of whatever the spend would be.
Victor Wong Member, Tax Committee, Railway Association of Canada
The tax rate in Canada right now is about 27%. At this point in time most of our track work writeoffs are at 5% in the first year and 10% in the second year. Roughly, the cost would be about 27% of whatever the spend would be.
See context to find out what was said next.