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

          ,9t]pret,n ,bullet9
    
,subject3 ,9come ,tax ,act--,/ock
  ,ex*ange ,transac;ns
  ,date ( ,4posi;n ( ,%>es
,numb]3 ,,it-#acc
,date3 ,novemb] #cj1 #aigc
,ref];e3 ,subp>agraph #ed7c77;i7

#a4 ,late 9 ,decemb] #aigb1 ! ,de"p;t
  issu$ a press rel1se 3c]n+ ! trade
  date-settle;t date "q1 : /at$ t a /udy
  wd 2 made 6det]m9e ! date ( 4posi;n (a
  secur;y trad$ on a /ock ex*ange4 ,z !
  "q cd n 2 resolv$ 2f ! 5d (! ye>1 !
  press rel1se 3ta9$ ! foll[+ /ate;t3

  8,6remove ! di6iculties ? unc]ta9ty
  may cause1 ! ,de"p;t w = #aiga & #aigb
  act on ! assump;n t ! 8trade date0 is
  ! date ( 4posi;n = 9come tax purposes4
  ,%d ! \tcome (! legal /udy          #a
               ,,it-#acc             a#a
  9dicate t ? 0 wr;g1 any"o :o pref]s 6h
  ! legal date us$ 9 respect ( 8 [n
  transac;ns may s elect & 8 returns w 2
  assess$ or adju/$ acly40
#b4 ,! ,de"p;t's /udy (! trade date-
  settle;t date "q has n[ be5 -plet$4
  ,=! usual transac;ns on a ,/ock
  ,ex*ange "! is a 4posi;n & acquisi;n (
  %>es trad$ on a ,/ock ,ex*ange1 0!
  v5dor & pur*as]1 respectively1 on !
  settle;t date : is ! "t designat$ 0!
  ,/ock ,ex*ange1 usu,y two or ?ree "ds
  subsequ5t 6! trade date1 on or 2f : !
  v5dor is requir$ 6deliv] ! %>e
  c]tificates &! pur*as] is requir$
  6make pay;t "!=e4
#c4 ,! basis = ? det]m9,n is t 84posi;n0
  is def9$ g5],y 9 ! ,9come ,tax ,act z
  8any transac;n or ev5t 5titl+ a
  taxpay] 6proce$s ( 4posi;n ( prop]ty0
  7subp>agraph #ed7c77;i77 & ?us1 =
  purposes (! ,act1 a 4posi;n does n
  take place until ! v5dor is 5titl$ 6!
                                      #b
               ,,it-#acc             b#a
  proce$s f ! 4posi;n1 i4e41 on !
  settle;t date4
#d4 ,a nec ramific,n (! re/rict$ m1n+ (!
  ^w 84posi;n0 = ,9come ,tax purposes is
  t a 4posi;n & acquisi;n 2comes 3curr5t
  ev5ts4 ,until ! pur*as] is requir$
  6turn ov] ! pur*ase m"oy on ! date
  fix$ = 5title;t1 ! v5dor w n 2 tak5 6h
  4pos$ (! prop]ty &! pur*as] _c acquire
  ! prop]ty4
--------------------------------------#b
#e4 ,an excep;n 6! ma9 rule 9 p>agraph
  #b is a 8ca% sale0 9 : ! sale is
  -plet$ on ! same "d t ! trade goes "?
  ! ex*ange1 & "! is bo? a deliv]y (1 &a
  pay;t =1 ! %>e c]tificates on ! same
  "d (! 3tract = sale1 i4e41 ! trade
  date4 ,9 e6ect1 ! trade date &
  settle;t date >e "o &! same 9 s* a
  transac;n4
#f4 ,9 ^? cases ": >range;ts >e made 2t
  v5dor1 pur*as] & _! brok]s =a fur!r
  delay prior 6deliv]y & pay;t1 !
  4posi;n & acquisi;n w 2 at a date   #c
               ,,it-#acc             a#b
  subsequ5t to 8settle;t date01 "nly !
  date on : deliv]y & pay;t >e e6ect$4
#g4 ,a brok] may actu,y pay ! v5dor 2f
  settle;t date b 9 t case ! brok] is 9
  e6ect m]ely advanc+ m"oy 6his cli5t
  6be (fset :5 ! brok] is pd 0!
  pur*as]'s brok]4
#h4 ,! g5]al rule does n apply
  6transac;ns n 3duct$ "? an ,ex*ange &!
  tr1t;t ( ^! transac;ns w dep5d on !
  facts (! "picul> case4

             #aigb ,returns
    
#i4 ,z 9dicat$ 9 ! press rel1se1
  taxpay]s may ask 6h _! #aigb returns
  adju/$ f ! 8trade date0 6! 8settle;t
  date0 basis4 ,reque/s = adju/;ts %d 2
  made 0lr1 duly sign$ 0! taxpay] &
  a4ress$ 6his ,4trict ,tax,n ,(fice1
  reque/+ ! re-assess;t & 4clos+ all nec
  details 9 support (! *ange4 ,note t ?
  w require reclassify+ ^? transac;ns
  o3urr+ ov] ! #aiga-aigb tax,n       #d
               ,,it-#acc             b#b
  ye>-5d z well z ^? o3urr+ ov] !
  #aigb-aigc tax,n ye>-5d4 ,! ,de"p;t w
  3sid] all s* reque/s rcvd on or 2f
  ,april #cj1 #aigd4 ,elec;n =ms w n 2
  provid$ 0! ,de"p;t = ? purpose4
#aj4 ,n )/&+ ! press rel1se1 "s taxpay]s
  h fil$ _! #aigb returns on ! basis (
  settle;t date4 ,!y w 2 3sid]$ 6h
  reque/$ an adju/;t "u p>agraph #i abv
  & no fur!r ac;n is requir$ on _! "p4

       #aigc & subsequ5t returns
    
#aa4 ,! foll[+ guidel9es >e (f]$ 9 reg>d
  6! fil+ ( returns = #aigc & subsequ5t
  tax,n ye>s3
  7a7 ,transac;ns ": ! trade date fell 9
    ! #aigb tax,n ye> &! settle;t date 9
    ! #aigc tax,n ye> w 2 3sid]$ 6be
    #aigb transac;ns if ! #aigb return
    is assess$ on ! trade date &! #aigc
    transac;ns if ! #aigb
  
                                      #e
               ,,it-#acc              #c
    return is assess$ on ! settle;t date
    basis4 ,taxpay]s %d gu>d ag/
    duplic,n4
  7b7 ,transac;ns ": ! trade date falls
    9 ! #aigc tax,n ye> &! settle;t date
    9 ! #aigd tax,n ye> w 2 3sid]$ 6be
    #aigd transac;ns = all taxpay]s4
  7c7 ,taxpay]s :o file _! #aigc returns
    prior 6,april #cj1 #aigd >e ask$
    6make e ef=t 6prep>e !m on ! basis (
    settle;t date4 ,^? una# 6d s %d
    n"e!.s file _! returns 0_! usual due
    date & %d submit any a4i;nal 9=m,n
    nec 65sure assess;t on ! basis (
    settle;t date 0lr 6_! ,4trict ,tax,n
    ,(fice no lat] ?an ,april #cj1
    #aigd4
  7d7 ,returns = #aigd & subsequ5t tax,n
    ye>s m/ 2 prep>$ on ! basis (
    settle;t date ":as #aigc returns m/
    2 prep>$ on ! basis ( 7a7 & 7b7 abv1
    : 9 "s cases w require ! 2g9n+ (!
    ye> on ! trade date basis &! ye>-5d
    settle;t date basis4              #f