What is Pool Tax?
Tax Pool means the not depreciated capital cost of any particular class of depreciable property. It includes cumulative Canadian exploration expenses, development expenses, and oil and gas property expenses. This tax also refers to foreign exploration, capital losses, non-capital losses, incremental eligible capital, and investment tax credits, all as defined in the Tax Act.
Also, pool taxes can refer to the unclaimed balance of HCo’s, Stuart Energy’s, and Test Systems. These might also refer to non-capital losses, scientific research and experimental development expenditures. And investment tax credits as of a particular date, which will be determined as if that date was a year-end for income tax purposes.
About Valur
We built a platform to give everyone access to the tax and wealth building tools of the ultra-rich like Mark Zuckerberg and Phil Knight. We make it simple and seamless for our customers to take advantage of these hard to access tax advantaged structures so you can build your wealth more efficiently at less than half the cos of competitors. From picking the best strategy to taking care of all the setup and ongoing overhead, we make it easy and have helped create more than $500m in wealth for our customers.
Mani Mahadevan
Founder & CEO
Mani is the founder and CEO of Valur. He brings deep financial and strategic expertise from his prior roles at McKinsey & Company and Goldman Sachs. Mani earned his degree from the University of Michigan and launched Valur in 2020 to transform how individuals and advisors approach tax planning.