Canso Select Opportunities Fund (TSX:SCW.UN) Tax Expense: C$0.00 Mil (TTM As of Jun. 2018)


What is Canso Select Opportunities Fund Tax Expense?

Canso Select Opportunities Fund TSX:SCW.UN Tax Expense is C$0.00 Mil as of Jun. 2018.

Canso Select Opportunities Fund's tax expense for the months ended in Jun. 2018 was C$0.00 Mil. Its tax expense for the trailing twelve months (TTM) ended in Jun. 2018 was C$0.00 Mil.

Canso Select Opportunities Fund  (TSX:SCW.UN) Tax Expense Explanation

In the long run, income before tax and taxable income will likely be more similar than they are in any given period. If the one is less in earlier years, then it will be greater in later years. Deferred taxes will reverse themselves in the long run and in total will zero out, unless there is something like a change in tax rates in the intervening period. A deferred tax payable results from a tax break in the early years and will reverse itself in later years; a deferred tax receivable results from more taxes being paid in early years than the tax expense reported to shareholders and will again reverse itself in later years. The deferred tax amount is computed by estimating the amount and the timing of the reversal and multiplying that by the appropriate tax rates.

Canso Select Opportunities Fund Tax Expense Related Terms

Canso Select Opportunities Fund Tax Expense Historical Data

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The historical data trend for Canso Select Opportunities Fund's Tax Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Canso Select Opportunities Fund Tax Expense Chart

Canso Select Opportunities Fund Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17
Tax Expense
0.00 0.00 0.00 0.00 0.00

Canso Select Opportunities Fund Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18
Tax Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Canso Select Opportunities Fund Tax Expense Calculation

Tax paid by the company. It is computed in by multiplying the income before tax number, as reported to shareholders, by the appropriate tax rate. In reality, the computation is typically considerably more complex due to things such as expenses considered not deductible by taxing authorities ("add backs"), the range of tax rates applicable to various levels of income, different tax rates in different jurisdictions, multiple layers of tax on income, and other issues.

Tax Expense for the trailing twelve months (TTM) ended in Jun. 2018 adds up the semi-annually data reported by the company within the most recent 12 months, which was C$0.00 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Tax Expense →
What does a Tax Expense of C$0.00 Mil mean?
Canso Select Opportunities Fund (TSX:SCW.UN) has a Tax Expense of C$0.00 Mil as of Jun. 2018. Tax expense is the amount of tax the company pays in an accounting period. View historical data on Canso Select Opportunities Fund and its competitors.
Is Canso Select Opportunities Fund's Tax Expense too high?
Canso Select Opportunities Fund's current Tax Expense is C$0.00 Mil.
How does Canso Select Opportunities Fund's Tax Expense compare to competitors?
Canso Select Opportunities Fund's Tax Expense of C$0.00 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Expense for an Asset Management company?
A good Tax Expense depends on the Asset Management industry context. However, Tax Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Tax Expense mean?
A high Tax Expense can signal that a stock is expensive relative to its fundamentals. Tax expense is the amount of tax the company pays in an accounting period. View historical data on Canso Select Opportunities Fund and its competitors. Canso Select Opportunities Fund's current Tax Expense is C$0.00 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canso Select Opportunities Fund stock overvalued right now?
Canso Select Opportunities Fund (TSX:SCW.UN) has a current Tax Expense of C$0.00 Mil. The current Tax Expense is C$0.00 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Expense calculated?
Tax Expense is calculated from a company's financial statements. For Canso Select Opportunities Fund (TSX:SCW.UN), the current Tax Expense is C$0.00 Mil as of Jun. 2018. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Canso Select Opportunities Fund Business Description

Address 4000 - 3080 Yonge Street, Toronto, ON, CAN, M4N 3N1
Canso Select Opportunities Fund is a Canadian closed-end investment fund which seeks to maximize total returns for unitholders and provide attractive monthly cash distributions. The fund invests in an actively managed and diversified portfolio of corporate bonds and equities. The revenue generated by the company includes interest, dividend, accrued interest, income on investment and other income.