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

          ,9t]pret,n ,bullet9
    
,subject 3 ,special ,rel1se
  ,9come ( ,dec1s$ ,p]sons--,"rs or ,?+s
,numb]3 ,,it-#bab;,r#c
,date3 ,july #bf1 #aiie

               ,applic,n
    
  ,? ,special ,rel1se revises ,9t]pret,n
,bullet9 ,,it-#bab;,r#c dat$ ,m>* #ba1
#aiij4

#a4 ,p>agraph #b (! bullet9 is revis$
  6cl>ify t ! ref];e to 8ca% basis0 9 !
  bullet9 is 6! 8ca% me?od0 ref]r$ 6in
  sec;n #bh4 ,! p>agraph is al *ang$
  6take 963sid],n ! am5d;t 6subsec;n
  #gj7#c.a7 5act$ "u ,s4,c4 #aiid1 c4#ba
  7=m]ly ,bill ;,c-#bg7 =! #aiib &
  subsequ5t tax,n ye>s4 ,p>agraph #b (!
  bullet9 n[ r1ds z foll[s3           #a
            ,,x-#bab;,r#c;,s         a#a
  #b4 ,) c]ta9 excep;ns1 ": a taxpay] at
    ! "t ( d1? _h "rs or ?+s :1 :5
    r1liz$ or 4pos$ (1 wd h be5 9clud$ 9
    -put+ 9come1 subsec;n #gj7#b7
    requires ! 8value0 7see #d 2l7 ( s*
    "rs or ?+s at ! date ( d1? 6be
    9clud$ 9 -put+ 9come =! ye> ( d1?4
    ,subsec;n #gj7#b7 9cludes 9 9come
    am.ts t h be5 e>n$ b h n be5 9clud$
    9 9come1 s* z divid5ds dcld b unpd1
    def]r$ ca% pur*ase tickets 7see
    subsec;n #gf7#d771 unca%$ matur$
    bond c\pons & am.ts 9 respect ( : an
    am.t has be5 deduct$ 9 -put+ 9come1
    s* z a 8ca% basis0 7i4e41 ! ca%
    me?od p]mitt$ 9 sec;n #bh7 9v5tory4
    ,any capital prop]ty or any am.t
    9clud$ 9 9come "u subsec;n #gj7#a7
    is exclud$ f ! applic,n ( subsec;n
    #gj7#b74 ,al1 pursuant 6subsec;n
    #gj7#c.a71 "rs or ?+s d n 9clude an
    eligi# capital prop]ty1 l& 9clud$ 9
    ! 9v5tory (a busi;s1 a ,canadian or
    =eign res\rce prop]ty & an        #b
            ,,x-#bab;,r#c;,s         b#a
    9t]e/ 9 a life 9sur.e policy4 ,an
    9t]e/ 9 a life 9sur.e policy 9cludes
    an annu;y 3tract o!r ?an "o 9
    respect ( : an am.t 0 deducti# 0!
    dec1s$ taxpay] "u p>agraph #fj7l7 or
    acquir$ 9 circum/.es 6: subsec;n
    #adf7#ba7 applies4
#b4 ,if ,bill ;,c-#gj is 5act$1 ! ref];e
  at ! 5d ( p>agraph #aa (! bullet9 to
  8p>agraph #hj7#a77h70 w 2 *ang$ to
  8p>agraph #hj7#b77a70 = tax,n ye>s t
  5d af ,febru>y #ba1 #aiid4
#c4 ,p>agraph #af (! bullet9 is revis$
  6reflect subsec;ns #adf7#h.h7 &
  #adf7#h.i7 bo? 2f & af ! *anges made
  6^? subsec;ns 5act$ "u ,s4,c4 #aiid1
  c4#ba 7=m]ly ,bill ;,c-#bg7 : apply
  6d1?s o3urr+ af #aiib3
--------------------------------------#b
  #af4 ,a taxpay] is n 3sid]$ 6h a "r or
    ?+ 9 respect (a regi/]$ retire;t
    sav+s plan1 :e!r matur$ or n1 if !
    taxpay] was1 until d1?1 ! annuitant
    "!"u4 ,h["e1 except 9 ! case (a   #c
            ,,x-#bab;,r#c;,s         a#b
    plan t _h matur$ 2f ,june #cj1
    #aigh1 ": ! annuitant dies af ,june
    #bi1 #aigh1 ! fair m>ket value ( all
    ! prop]ty (! plan at ! "t ( d1?
    7less c]ta9 am.ts--see p>agraph
    #adf7#h.h77b7 & subsec;n #adf7#h.i77
    m/ 2 9clud$ 9 ! 9come (! dec1s$
    taxpay] 0virtue ( subsec;n
    #adf7#h.h7 9 ! ord9>y return requir$
    6be fil$ 0sec;n #aej4 ,see ! curr5t
    v].n ( ,,x-#ejj1 ,regi/]$ ,retire;t
    ,sav+s ,plans 7matur+ af ,june #bi1
    #aigh7 ,d1? ( ,annuitant af ,june
    #bi1 #aigh = fur!r details4
    ,simil>ly1 a taxpay] is n 3sid]$ 6h
    a "r or ?+ 9 respect (a regi/]$
    retire;t 9come fund4
#d4 ,9 p>agraph #ag (! bullet91 !
  ref];es to 8p>agraph #gj7#e.b77e70 &
  8p>agraph #gj7#e.b77f70 >e *ang$ to
  8p>agraph #gj7#e.b77c70 & 8p>agraph
  #gj7#e.b77d701 respectively4 ,^!
  *anges result f ! 5act;t ( ,s4,c4
  #aiid1 c4#ba 7=m]ly ,bill ;,c-      #d
            ,,x-#bab;,r#c;,s         b#b
  #bg7 applica# 64posi;ns & acquisi;ns
  o3urr+ af #aiib4
#e4 ,p>agraphs #f 6#ai (! bullet9 4cuss
  "rs or ?+s relat+ 6specific items4 ,!
  foll[+ p>agraphs relat+ 6specific
  items >e 9 a4i;n 6? 4cus.n3

  ,unpd ,bonus
  #ai.a ,an employee's 5=cea# claim at !
    "t ( d1? ag/ an employ] =a dcld
    bonus is a "r or ?+4 ,":1 h["e1 !
    employ] has a 3tractual oblig,n 6pay
    an annual bonus or on "s o!r p]iodic
    basis1 b ! bonus _h n be5 dcld at !
    "t ( d1?1 ! am.t is remun],n 8paya#
    p]iodic,y0 z describ$ 9 p>agraph
    #gj7#a77a74
  
  ,,nisa ,fund ,numb] #b
    #ai.b ,an am.t 9 a taxpay]'s ,,nisa
    ,fund ,no4 #b 7i4e41 ! por;n (!
    taxpay]'s net 9come /abiliz,n a3.t
    describ$ 9 p>agraph #h7#b77b7 (!
    ,f>m ,9come ,protec;n ,act7 on    #e
            ,,x-#bab;,r#c;,s         c#b
    h& at ! "t ( d1? is n a "r or ?+4
    ,un.s subsec;n #gj7#f.a7 applies1 !
    dec1s$ taxpay] w 2 3sid]$ 6h be5 pd
    immly 2f d1?1 pursuant 6subsec;n
    #gj7#e.d71 all am.ts held = or on
    2half (! taxpay] 9 ! taxpay]'s
    ,,nisa ,fund ,numb] #b4 ,! am.t
    deem$ 6h be5 pd w1 pursuant
    6subsec;n #ab7#aj.b71 2 us$ 9
    det]m9+ ! am.t 6be 9clud$ 9 9come 9
    ! dec1s$ taxpay]'s ord9>y
--------------------------------------#c
    return4 ,subsec;n #gj7#e.d7 w n
    apply ":1 z a 3sequ;e ( d1?1 a net
    9come /abiliz,n a3.t is transf]r$ 6a
    sp\se or sp\se tru/ &! 3di;ns (
    subsec;ns #gj7#f.a7 >e met4 ,9 s* a
    situ,n "! w 2 a rollov] (! dec1s$
    taxpay]'s ,,nisa ,fund ,numb] #b 6!
    sp\se or sp\se tru/4
  ,z a result (! abv1 subsec;ns
  #ab7#aj.b71 #gj7#e.d7 & #gj7#f.a7 >e
  a4$ 6! ,,ref];e >ea (! bullet94
                                      #f
            ,,x-#bab;,r#c;,s         a#c
#f4 ,p>agraph #bj (! bullet9 is revis$
  6delete por;ns (! text t no l;g] h any
  relev.e4 ,p>agraph #bj (! bullet9 n[
  r1ds z foll[s3
  #bj4 ,pursuant 6subsec;n #gj7#b7 !
    taxpay]'s legal repres5tative may
    elect 6file a sep>ate return (!
    value (! dec1s$ taxpay]'s "rs or ?+s
    & pay tax "!on =! tax,n ye> 9 : !
    taxpay] di$ z if ! taxpay] 7 ano!r
    p]son4 ,6be valid ! elec;n m/ 2 made
    n lat] ?an ! lat] ( "o ye> af ! date
    ( d1? & #ij "ds af ! mail+ ( any
    notice ( assess;t or reassess;t =!
    ye> ( d1?4 ,if a sep>ate return is
    fil$1 x m/ 9clude ! total value (
    all ! dec1s$ taxpay]'s "rs or ?+s
    o!r ?an ^? transf]r$ 6b5efici>ies )9
    ! "t provid$ 0subsec;n #gj7#c7 7see
    #be 2l74 ,! p]sonal tax cr$its
    provid$ 9 p>agraphs #aah7#a77a7 to
    7d7 & subsec;n #aah7#b7 t apply 6!
    dec1s$ taxpay]'s ord9>y 9come tax
    return =! ye> ( d1? may al 2      #g
            ,,x-#bab;,r#c;,s         b#c
    claim$ on ! sep>ate return fil$
    pursuant 6subsec;n #gj7#b74 ,!
    p]sonal tax cr$its >e ! sp\sal tax
    cr$it1 ! equival5t-to-sp\se tax
    cr$it1 ! basic p]sonal tax cr$it1 !
    dep5dant tax cr$it &! age tax cr$it4
    ,see ! curr5t v].n ( ,,it-#eac1
    ,p]sonal ,tax ,cr$its1 = fur!r 9=m,n
    on ^! tax cr$its4 ,! ext5t 6:
    deduc;ns "u sec;n #aaj & tax cr$its
    "u subsec;n #aah7#c7 & sec;ns #aah.a
    6#aah.g & #aah.i may 2 claim$ on !
    sep>ate return is 4cuss$ 9 ! curr5t
    v].n ( ,,it-#cbf1 ,returns ( ,dec1s$
    ,p]sons z 8,ano!r ,p]son04
  ,if y h any -;ts reg>d+ ! matt]s
4cuss$ 9 ? bullet91 pl1se s5d !m to3

  ,director1 ,te*nical ,public,ns
    ,divi.n
  ,policy & ,legisl,n ,bran*
  ,rev5ue ,canada
  #hge ,h]on ,road
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