Good/Bad News for a Change - 2013 18MM cap penalty probably (not) going away

[CrazyCanuck]

Originally Posted by artmonkforhallofamein07

It isn't taken into account on the spreadsheet you posted that CC does. No worries, but that is where my confusion came from.

Sorry if the sheets are confusing but yes the $18M for 2012 is included.

The penalty is part of "cap credits" at the bottom. We took an $18M penalty but we had $13M of credits from the year before. So works out to ~$5M.