--0000000000003be04405b989e6c6 Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Thanks. Will circulate closing statement tomorrow. Just let me know how much cash you want to take out vs. leave in. On Fri, Jan 22, 2021 at 11:13 PM Tim Thomas wrote: > Here is our accountants best estimate. > > Tim Thomas > Soins =C3=A0 Domicile / Home Care Assistance > 514 907 5065 > > Begin forwarded message: > > *From:* Kathy Kis > *Date:* January 22, 2021 at 9:20:22 PM EST > *To:* Tim Thomas > *Subject:* *RE: Question* > > =EF=BB=BF > > Hi Tim, > > > > As at January 22, 2020, the federal taxes would be estimated at $189,00 > and Quebec taxes would be estimated at $137,750. Total of $326,750. > > > > On page 8 of the agreement it says =E2=80=9DFor the avoidance of doubt , = net > working capital shall not include any tax assets or tax liabilities=E2=80= =9D. On > page 9 they define Tax as =E2=80=9CAny federal, state, provincial, local,= or non US > taxes, charges, fees, imposts, levies or other assessments by any > governmental authority, including all income, gross income, gross receipt= s, > franchise, profits,=E2=80=9D etc > > > > > > Kathryn Kis, CPA, CA > > =E2=98=8E=EF=B8=8F (514) 484-7748 > > > > > > *From:* Tim Thomas > *Sent:* Friday, January 22, 2021 6:42 PM > *To:* Kathy Kis > *Subject:* Re: Question > > > > We need an estimate now. Can I send you as of today? > > Tim Thomas > Soins =C3=A0 Domicile / Home Care Assistance > > 514 907 5065 > > > > On Jan 22, 2021, at 6:34 PM, Kathy Kis wrote: > > =EF=BB=BF > > That=E2=80=99s strange because I don=E2=80=99t remember there being any p= rovision in the > agreement for the tax provision. Once they purchase the company=E2=80=99s= shares, > the profits belong to them and the taxes are their responsibility. You > should not be responsible for the tax return. Did they say why they wante= d > a provision at that time? > > > > But yes, I can do a calculation=E2=80=A6 I would need the balance sheet a= nd income > statement as at January 25th=E2=80=A6 so after Randi updates the books, s= he can > send me the statements. > > > > > > Kathryn Kis, CPA, CA > > =E2=98=8E=EF=B8=8F (514) 484-7748 > > > > > > *From:* Tim Thomas > *Sent:* Friday, January 22, 2021 2:58 PM > *To:* Kathy Kis > *Cc:* Tim Thomas > *Subject:* Question > > > > Hi Kathy, > > > > I suspect you're involved in your regular Friday afternoon meeting. > > > > BDO is asking us to estimate our taxes payable on net income for this > fiscal ending Jan 25, 2021 (i.e. April 30, 2020 to Jan 25, 2021). Can yo= u > help us with the calculation? > > > > We have not been making tax instalment payments so we are also wondering > what our exposure will be. > > > > You can reach me anytime at 514 726 7647 > > > > Thanks, > > > > *Tim Thomas* > > *Home Care Assistance (Montr=C3=A9al)* > > Tel: 514.907.5065 > > tthomas@homecareassistance.com | > Homecareassistancemontreal.ca > > > > > > > > > > > > > --=20 Lucas Motro Director of Corp