,canada ,cu/oms                       #a
& ,rev5ue ,ag5cy

            ,9=m,n ,circul>
    
,subject3 ,special ,rel1se--,9ve/;t ,tax
  ,cr$it ,rates
,numb]3 #gh-d;,r#c
,date3 ,novemb] #ac1 #aihg

  ,? ,special ,rel1se applies 6#aihf &
subsequ5t ye>s4 ,9=m,n ,circul>
#gh-d;,r#c rema9s applica# 6#aihe &
previ\s tax,n ye>s4 ,ref];es >e made
"?\t ? rel1se 6por;ns (! e>li] ,circul>
t rema9 valid = #aihf & subsequ5t tax,n
ye>s4 ,! 9=m,n 3ta9$ 9 ? rel1se does n
9clude ! tax re=m proposals ann\nc$ 0!
,m9i/] ( ,f9.e on ,june #ah1 #aihg4

#a4 ,! ,circul> is 9t5d$ 69=m taxpay]s (
  ,9ve/;t ,tax ,cr$it rates t v>y ac 6!
  type ( cr$ita# 9ve/;t made1 ! date t !
  prop]ty is acquir$ or ! exp5diture is
  made1 &! local;y 9 ,canada ": !     #a
               #gh-d;,r#c            a#a
  prop]ty is 6be us$ or ! exp5diture is
  made4

           ,qualifi$ ,prop]ty
    
#b4 ,! possi# rates ( cr$it = acquisi;ns
  ( qualifi$ prop]ty >e z foll[s3
  7a7 ,a #bj@3p 9ve/;t tax cr$it is
    availa# = qualifi$ prop]ty acquir$
    7;i7 prim>ily = use 9 ,newf.dl&1
      ,pr9ce ,$w>d ,isl&1 ,nova ,scotia1
      ,new ,brunswick or ! ,gaspe
      ,p59sula1 or
    7;ii7 af ,febru>y #be1 #aihf
      prim>ily = use 9 a prescrib$
      (f%ore region4
  7b7 ,= qualifi$ prop]ty acquir$ af
    ,novemb] #af1 #aigh & 2f #aihg
    prim>ily = use 9 a prescrib$
    designat$ region1 ! rate is #aj@3p4
    ,? m1ns regions 9 ,canada : >e
    designat$ "u ! ,regional ,develop;t
    ,9c5tives ,act 7,,rdia7 o!r ?an a
    region describ$ 9 7a7 abv4 ,!     #b
               #gh-d;,r#c            b#a
    rate w 2 reduc$ 6#g@3p = s* prop]ty
    acquir$ 9 #aihg1 l[]$ 6#c@3p 9
    #aihh1 & w 2 phas$ \ 0#aihi4
  7c7 ,= qualifi$ prop]ty acquir$ af
    ,novemb] #af1 #aigh & 2f ,febru>y
    #bf1 #aihf prim>ily = use 9 a
    prescrib$ (f%ore region1 ! rate is
    #g@3p4
  7d7 ,= qualifi$ prop]ty acquir$ af
    ,novemb] #af1 #aigh & 2f #aihg
    prim>ily = use 9 any loc,n 9 ,canada
    o!r ?an ^? describ$ 9 7a7 to 7c71 !
    9ve/;t tax cr$it rate is #g@3p4
    ,h["e1 ?
--------------------------------------#b
    w 2 reduc$ 6#e@3p = prop]ty acquir$
    9 #aihg1 #c@3p = prop]ty acquir$ 9
    #aihh1 & nil = prop]ty acquir$ af
    #aihh4
  
  
  

                                      #c
         ,qualifi$ ,transport,n      a#b
     ,equip;t & ,qualifi$ ,3/ruc;n
                ,equip;t
    
#c4
  7a7 ,= acquisi;ns ( ei qualifi$
    transport,n equip;t or qualifi$
    3/ruc;n equip;t1 ! 9ve/;t tax cr$it
    rate is #g@3p4 ,? cr$it cov]age w 2
    reduc$ 6#e@3p = acquisi;ns ( s*
    prop]ty 9 #aihg1 #c@3p 9 #aihh1 & w
    2 phas$ \ 0#aihi4
  7b7 ,! rates all[$ on acquisi;ns (
    qualifi$ transport,n equip;t &
    qualifi$ 3/ruc;n equip;t >e 3/ant
    "?\t ,canada4
  
           ,c]tifi$ ,prop]ty
    
#d4 ,= c]tifi$ prop]ty acquir$ 2f #aihg
  prim>ily = use 9 a prescrib$ >ea1 a
  special 9ve/;t tax cr$it rate ( #ej@3p
  is 9 e6ect4 ,h["e1 = c]tifi$ prop]ty
  acquir$ af #aihf1 ! rate is reduc$
                                      #d
               #gh-d;,r#c            b#b
  6#dj@3p un.s ! prop]ty is acquir$ 9
  #aihg & is
  7a7 a build+ "u 3/ruc;n 2f ,janu>y #a1
    #aihg1 or
  7b7 ma*9]y & equip;t ord]$ 9 writ+ 2f
    ,janu>y #a1 #aihg4
#e4
  7a7 ,! special 9ve/;t tax cr$it =
    c]tifi$ prop]ty is all[a# = all
    acquisi;ns t >e "p (a 8facil;y0 : is
    def9$ 9 sec;n #b (! ,,rdia z foll[s3
  
    8facil;y0 m1ns ! /ructures1 ma*9]y &
    equip;t t 3/itute ! nec -pon5ts (a
    manufactur+ or process+ op],n1 o!r
    ?an an 9itial process+ op],n 9 a
    res\rce-bas$ 9du/ry4 ,! t]ms
    8manufactur+ or process+ op],n10
    89itial process+ op],n0 & 8res\rce-
    bas$ 9du/ry0 >e def9$ 9 subsec;n
    #b7#b7 (! ,regional ,develop;t
    ,9c5tives ,regul,ns4
  7b7 ,see p>agraph #ah & ,app5dix ;,c (
    ,9=m,n ,circul> #gh-d;,r#c =      #e
               #gh-d;,r#c            c#b
    descrip;ns & illu/r,ns ( prescrib$
    >1s 6: ! special 9ve/;t tax cr$it =
    c]tifi$ prop]ty acquisi;ns is 9
    e6ect4
  
         ,qualifi$ ,exp5ditures
    
#f4 ,= qualifi$ exp5ditures 9 respect (
  sci5tific rese>* & exp]i;tal develop;t
  6be c>ri$ \ 9 ,newf.dl&1 ,pr9ce ,$w>d
  ,isl&1 ,nova ,scotia1 ,new ,brunswick
  or 9 ! ,gaspe ,p59sula1 ! rate is
  #cj@3p4 ,= qualifi$ exp5ditures made 9
  respect ( sci5tific rese>* & exp]i;tal
  develop;t 6be c>ri$ \ 9 any o!r >ea (
  ,canada1 ! 9ve/;t tax cr$it rate is
  #bj@3p4 ,h["e1 if a deduc;n is tak5 0a
  corporate taxpay] "u sec;n #cg.a (!
  ,9come ,tax ,act1 ! applica# rates >e
  #bj@3p & #aj@3p respectively4
--------------------------------------#c
#g4 ,a special rate ( #ce@3p is all[$
  6c]ta9 ,canadian-3troll$ private
  corpor,ns = qualifi$ exp5ditures    #f
               #gh-d;,r#c            a#c
  up 6an annual exp5diture limit (
  4#b1jjj1jjj4 ,! 4#b1jjj1jjj annual
  limit m/ 2 allocat$ am;g all associat$
  corpor,ns1 if ! taxpay] is associat$ 9
  ! ye> ) "o or m o!r ,canadian-3troll$
  private corpor,ns4 ,! total (! taxa#
  9come (! corpor,n &! taxa# 9comes (
  any associat$ corpor,ns =! immly
  prec$+ tax,n ye> m/ n exce$ 4#bjj1jjj4
  ,= qualifi$ exp5ditures made 0a
  ,canadian-3troll$ private corpor,n
  qualify+ =! small busi;s deduc;n b
  tak+ a deduc;n "u sec;n #cg.a1 !
  special rate is reduc$ 6#be@3p4

       ,approv$ ,project ,prop]ty
    
#h4 ,an 9ve/;t tax cr$it rate ( #fj@3p
  is 9 e6ect = approv$ project prop]ty4
  ,? is prop]ty t is c]tifi$ 0! ,m9i/] (
  ,regional ,9du/rial ,expan.n 6be
  prop]ty t has n be5 us$ or acquir$ =
  use or l1se 2f x 0 acquir$ 0! taxpay]
  & al 6be prop]ty t has be5          #g
               #gh-d;,r#c            b#c
  acquir$ = use prim>ily = an approv$
  purpose 9 an approv$ project 9 ,cape
  ,breton4 ,! prop]ty m/ 2 acquir$ 2f
  #aiic1 & applic,n = approval (!
  project m/ 2 made 9 writ+ 6! ,m9i/] (
  ,regional ,9du/rial ,expan.n 2f ,july1
  #aihh4 ,see p>agraph #ai ( ,9=m,n
  ,circul> #gh-d;,r#c =a descrip;n (!
  >ea 6: ! rate applies4

     ,qualifi$ ,canadian ,explor,n
              ,exp5ditures
    
#i4 ,= prescrib$ 8qualifi$ ,canadian
  explor,n exp5ditures0 made af ,novemb]
  #cj1 #aihe & 2f #aiia1 ! 9ve/;t tax
  cr$it rate is #be@3p4 ,! rate = s*
  exp5ditures is 3/ant "?\t ,canada4

            ,s*$ule ( ,rates
    
#aj4 ,:5 a loc,n 2comes a prescrib$
  designat$ region or a prescrib$ >ea1 !
  hi<] rate applies only              #h
               #gh-d;,r#c            c#c
  6acquisi;ns & exp5ditures made af !
  date x 2came a prescrib$ designat$
  region or a prescrib$ >ea4
#aa4 ,! ,s*$ule ( ,9ve/;t ,tax ,cr$it
  ,rates 7,app5dix ;,a7 takes 96a3.t !
  "t ( acquisi;n or exp5diture1 ! type (
  acquisi;n or exp5diture1 &! region or
  >ea ": ! prop]ty is prim>ily us$ or !
  rese>* c>ri$ \4
#ab4 ,! >1s ( ea* prov9ce t >e prescrib$
  designat$ regions =! purposes (
  qualifi$ prop]ty acquisi;ns >e
  describ$ 9 p>agraphs #ab 6#ag 9 ,9=m,n
  ,circul> #gh-d;,r#c4 ,= g5]al ref];e
  purposes1 ,app5dix ;,b (! ,circul>
  3ta9s maps %[+ ! prescrib$ designat$
  regions (! prov9ces ( ,quebec1
  ,ont>io1 ,alb]ta & ,briti% ,columbia4
#ac4 ,! >1s ( ea* prov9ce t >e prescrib$
  >1s = purposes ( c]tifi$ prop]ty
  acquisi;ns >e describ$ 9 p>agraph #ah
  ( ,9=m,n ,circul> #gh-d;,r#c & >e
  illu/rat$ on maps 3ta9$ 9 ,app5dix ;,c
  (! ,circul>4                        #i
        ,app5dix ;,a--,s*$ule (     #d-e
     ,9ve/;t ,tax ,cr$it ,rates 99
    
,transcrib]'s note3
  7,! foll[+ 0 set-up 9 elev5 columns4
  ,column #a3 ,qualifi$ ,prop]ty
    ,acquir$3 ,af ,nov4 #af1 #aigh & 2f
    #aihg 7#a7
  ,column #b3 ,qualifi$ ,prop]ty
    ,acquir$3 ,9 #aihg
  ,column #c3 ,qualifi$ ,prop]ty
    ,acquir$3 ,9 #aihh
  ,column #d3 ,qualifi$ ,prop]ty
    ,acquir$3 #aihi & subsequ5t tax,n
    ye>s
  ,column #e3 ,qualifi$ ,exp5ditures3
    #aihe & subsequ5t tax,n ye>s 7#b7
  ,column #f3 ,qualifi$ ,canadian
    ,explor,n ,exp5ditures3 ,af ,nov4
    #cj1 #aihe & 2f #aiia
  ,column #g3 ,qualifi$ ,transport,n
    ,equip;t3 ,af ,nov4 #af1 #aigh & 2f
    #aihg
  ,column #h3 ,qualifi$ ,transport,n
    ,equip;t3 ,9 #aihg               #aj
               #gh-d;,r#c          a#d-e
  ,column #i3 ,qualifi$ ,transport,n
    ,equip;t3 ,9 #aihh
  ,column #aj3 ,c]tifi$ ,prop]ty3 ,af
    ,oct4 #bh1 #aihj & 2f #aihg
  ,column #aa3 ,c]tifi$ ,prop]ty3 ,af
    #aihf 9999
  
  ,! columns w be5 9dicat$ only 0!
  correspond+ numb] & only ! columns )
  9=m,n w 2 9dicat$47

,nfld41 ,p4,e4,i41 ,n4,s4 & ,n4,b4
  ,column #a3 #bj@3p
  ,column #b3 #bj@3p
  ,column #c3 #bj@3p
  ,column #d3 #bj@3p 9999
  ,column #e3 #cj@3p
  ,column #f3 #be@3p
  ,column #g3 #g@3p
  ,column #h3 #e@3p
  ,column #i3 #c@3p


                                     #aa
               #gh-d;,r#c          b#d-e
,newf.dl& ,c5sus ,divi.ns #b1 #c1 #d1
  #g1 #h1 #i & #aj
  ,column #aj3 #ej@3p
  ,column #aa3 #dj@3p

,pr9ce ,$w>d ,isl&--,k+s ,c5sus ,divi.n
  7#ja7
  ,column #aj3 #ej@3p
  ,column #aa3 #dj@3p
,nova ,scotia--,c5sus ,divi.ns
,cape ,breton 7#ag7 ,guysbor\< 7#ac7
,9v];s 7#ae7 ,ri*mond 7#af7
,victoria 7#ah7
  ,column #aj3 #ej@3p
  ,column #aa3 #dj@3p

,new ,brunswick--,c5sus
,divi.ns ,gl\ce/] 7#ae7
,k5t 7#jh7 ,madawaska 7#ac7
,nor?umb]l& 7#ji7
  ,column #aj3 #ej@3p
  ,column #aa3 #dj@3p
,re/ig\*e 7#ad7
                                     #ab
               #gh-d;,r#c          c#d-e
,quebec--,gaspe ,region
  ,column #a3 #bj@3p
  ,column #b3 #bj@3p
  ,column #c3 #bj@3p
  ,column #d3 #bj@3p 9999
  ,column #e3 #cj@3p
  ,column #f3 #be@3p
  ,column #g3 #g@3p
  ,column #h3 #e@3p
  ,column #i3 #c@3p
,,rdia designat$ region
  ,column #a3 #aj@3p
  ,column #b3 #g@3p
  ,column #c3 #c@3p
  ,column #d3 #j@3p
  ,column #e3 #bj@3p
  ,column #f3 #be@3p
  ,column #g3 #g@3p
  ,column #h3 #e@3p
  ,column #i3 #c@3p
,o!r ,>1s
  ,column #a3 #g@3p
  ,column #b3 #e@3p
  ,column #c3 #c@3p                  #ac
               #gh-d;,r#c          d#d-e
  ,column #d3 #j@3p
  ,column #e3 #bj@3p
  ,column #f3 #be@3p
  ,column #g3 #g@3p
  ,column #h3 #e@3p
  ,column #i3 #c@3p
,nor? ( fiftie? p>allel 7exclud+ urban
  >ea ( ,sept-,iles7
  ,column #aj3 #ej@3p
  ,column #aa3 #dj@3p

,gaspe ,region c5sus divi.ns #b1 #c1 #d1
  #e1 #f1 #g1 #h & #i &! ,magdal5 ,isl&s
  7exclud+ urban >ea ( ,rim\ski7
  ,column #aj3 #ej@3p
  ,column #aa3 #dj@3p

,ont>io-,,rdia designat$ region
  ,column #a3 #aj@3p
  ,column #b3 #g@3p
  ,column #c3 #c@3p
  ,column #d3 #j@3p
  ,column #e3 #bj@3p
  ,column #f3 #be@3p                 #ad
               #gh-d;,r#c          e#d-e
  ,column #g3 #g@3p
  ,column #h3 #e@3p
  ,column #i3 #c@3p
,o!r ,>1s
  ,column #a3 #g@3p
  ,column #b3 #e@3p
  ,column #c3 #c@3p
  ,column #d3 #j@3p
  ,column #e3 #bj@3p
  ,column #f3 #be@3p
  ,column #g3 #g@3p
  ,column #h3 #e@3p
  ,column #i3 #c@3p
,nor? ( fiftie? p>allel
  ,column #aj3 #ej@3p
  ,column #aa3 #dj@3p

,manitoba--
  ,column #a3 #aj@3p
  ,column #b3 #g@3p
  ,column #c3 #c@3p
  ,column #d3 #j@3p
  ,column #e3 #bj@3p
  ,column #f3 #be@3p                 #ae
               #gh-d;,r#c          f#d-e
  ,column #g3 #g@3p
  ,column #h3 #e@3p
  ,column #i3 #c@3p
,c5sus divi.ns1 #ai1 #ba1 #bb & #bc
  7exclud+ urban >ea ( ,?ompson7
  ,column #aj3 #ej@3p
  ,column #aa3 #dj@3p

,saskat*ewan
  ,column #a3 #aj@3p
  ,column #b3 #g@3p
  ,column #c3 #c@3p
  ,column #d3 #j@3p
  ,column #e3 #bj@3p
  ,column #f3 #be@3p
  ,column #g3 #g@3p
  ,column #h3 #e@3p
  ,column #i3 #c@3p
,c5sus divi.n #ah 7,nor!rn ,saskat*ewan7
  ,column #aj3 #ej@3p
  ,column #aa3 #dj@3p


                                     #af
               #gh-d;,r#c          g#d-e
,alb]ta--,,rdia designat$ region
  ,column #a3 #aj@3p
  ,column #b3 #g@3p
  ,column #c3 #c@3p
  ,column #d3 #j@3p
  ,column #e3 #bj@3p
  ,column #f3 #be@3p
  ,column #g3 #g@3p
  ,column #h3 #e@3p
  ,column #i3 #c@3p
,o!r ,>1s
  ,column #a3 #g@3p
  ,column #b3 #e@3p
  ,column #c3 #c@3p
  ,column #d3 #j@3p
  ,column #e3 #bj@3p
  ,column #f3 #be@3p
  ,column #g3 #g@3p
  ,column #h3 #e@3p
  ,column #i3 #c@3p
,c5sus divi.n #ae


                                     #ag
               #gh-d;,r#c          h#d-e
,p1ce ,riv] 7exclud+ urban >ea ( ,gr&e
  ,prairie7
  ,column #aj3 #ej@3p
  ,column #aa3 #dj@3p

,b4,c4--,,rdia designat$ region
  ,column #a3 #aj@3p
  ,column #b3 #g@3p
  ,column #c3 #c@3p
  ,column #d3 #j@3p
  ,column #e3 #bj@3p
  ,column #f3 #be@3p
  ,column #g3 #g@3p
  ,column #h3 #e@3p
  ,column #i3 #c@3p
,o!r ,>1s
  ,column #a3 #g@3p
  ,column #b3 #e@3p
  ,column #c3 #c@3p
  ,column #d3 #j@3p
  ,column #e3 #bj@3p
  ,column #f3 #be@3p
  ,column #g3 #g@3p
                                     #ah
               #gh-d;,r#c          i#d-e
  ,column #h3 #e@3p
  ,column #i3 #c@3p
,c5sus divi.n ( ,p1ce ,riv]-,li>d 7#ee7
  ,column #aj3 #ej@3p
  ,column #aa3 #dj@3p

,nor?we/ ,t]ritories
  ,column #a3 #aj@3p
  ,column #b3 #g@3p
  ,column #c3 #c@3p
  ,column #d3 #j@3p
  ,column #e3 #bj@3p
  ,column #f3 #be@3p
  ,column #g3 #g@3p
  ,column #h3 #e@3p
  ,column #i3 #c@3p
  ,column #aj3 #ej@3p
  ,column #aa3 #dj@3p

,yukon ,t]ritory
  ,column #a3 #aj@3p
  ,column #b3 #g@3p
  ,column #c3 #c@3p
  ,column #d3 #j@3p                  #ai
               #gh-d;,r#c          j#d-e
  ,column #e3 #bj@3p
  ,column #f3 #be@3p
  ,column #g3 #g@3p
  ,column #h3 #e@3p
  ,column #i3 #c@3p
  ,column #aj3 #ej@3p
  ,column #aa3 #dj@3p

99 ,see p>agraph #h = details on special
  #af@3p rate approv$ project prop]ty 9
  ,cape ,breton4 9999

7#a7 ,9cludes qualifi$ prop]ty acquir$
  prim>ily = use 9 a prescrib$ (f%ore
  region3
  --acquir$ af ,febru>y #be1 #aihf1
    #bj@3p4
  --acquir$ af ,novemb] #af1 #aigh & 2f
    ,febru>y #bf1 #aihf1 #g@3p4
7#b7 ,= ,canadian-3troll$ private
  corpor,n ! rate may range f #bj@3p
  6#ce@3p4 ,see p>agraphs #f & #g =
  details4
                                     #bj
               #gh-d;,r#c          k#d-e
7#c7 ,! e6ective rate rema9s #ej@3p =
  c]ta9 acquisi;ns 9 #aihg4 ,see
  p>agraph #d abv = details4
9999 ,"o (! tax re=m proposals provides
  t ^! rates 2 reduc$ 0= prop]ty acquir$
  af #aihh4

















                                     #ba