In another potential financial blow to precious metals streaming firm Silver Wheaton, the Canadian Revenue Agency (CRA) has notified it that it would be reassessing the company’s international transactions covering the 2011 to 2013 taxation years, potentially placing the company on the hook to pay another $310-million in tax for the period.
The TSX- and NYSE-listed company was already embroiled in an acrimonious standoff with the CRA over the agency’s reassessment of Silver Wheaton’s 2005 to 2010 taxation years, and collect taxes on income earned by Silver Wheaton’s offshore subsidiaries.
