Franco-nevada received proposal letter from cra for 2014 and 2015 taxation years

Received a proposal letter from cra for 2014 and 2015 taxation years.cra proposing to tax majority of royalty income earned by co's mexican unit during 2014 and 2015 taxation years.if cra succeeds, co estimates it would be subject to canadian tax of about $11 million for these years plus interest and penalties.franco-nevada- cra proposing to tax majority of stream income earned by co's barbadian subsidiary during 2014 and 2015 taxation years.if cra succeeds barbados proposal co estimates it would be subject to tax of about $5 million plus interest, penalties.
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