Capital Canada

"Dobbin began working on a deal to acquire Rutledge’s firm, turning to Robert Foster’s Capital Canada for assistance. To Foster, the purchase of Toronto Helicopters by Dobbin’s teetering-near-the-edge Sealand Helicopters made a good deal of sense. “Toronto Helicopters was very profitable, which meant it was paying a lot of taxes,” Foster points out, “and one way you value a company is against its aftertax income which, in this case, reduced its value to the seller.” Meanwhile, Sealand was losing money and recording substantial depreciation costs against its fleet of Super Puma aircraft, enabling Sealand to shelter Toronto’s enormous income free of tax."

"a new competitor to enter the market. Craig Dobbin had foreseen the same advantage, of course, but selling the concept of creating a monopoly in an industry is a dangerous thing to do. McLeod Young Weir didn’t need to be sold; they got the message on their own. Joined by Richardson Greenshields, with Robert Foster’s Capital Canada acting as fiscal agent, an 1P0 was underwritten to fund a newly formed corporation named cuc (Canadian Helicopter Company) Helicopters."