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

          ,9t]pret,n ,bullet9
    
,subject3 ,9come ,tax ,act
  ,"pn]%ips--,"pn]s n ,d1l+ at ,>m's
  ,l5g?
,numb]3 ,,it-#bca;,r#b
,date3 ,m>* #c1 #aihf
,ref];e3 ,subsec;n #ajc7#a.a7

  ,? bullet9 replaces & c.els ,9t]pret,n
,bullet9 ,,it-#bca;,r dat$ ,novemb] #ba1
#aigg4

#a4 ,? bullet9 4cusses ! %>+ ( 9come f
  "pn]%ips 0"pn]s :o d n d1l ) ea* o!r
  at >m's l5g? 9clud+ "pn]%ips ( sp\ses4
  ,x is applica# only 6fiscal p]iods (
  "pn]%ips 5d+ af ,decemb] #aa1 #aigi4
  ,x %d 2 not$ t ! -;ts 9 ? bullet9 >e n
  relevant ":1 9 fact1 no "pn]%ip exi/s
  7see ,,it-#ij;,r74
                                      #a
             ,,it-#bca;,r#b          a#a
#b4 ,pursuant 6subsec;n #ajc7#a.a7 ":
  two or m "pn]s n d1l+ ) ea* o!r at
  >m's l5g? 7see ,,it-#dai7 h agre$ 6%>e
  any 9come or loss f any activ;y (!
  "pn]%ip 9 unr1sona# propor;ns1 !
  ,de"p;t w adju/ ea* "pn]'s %>e 6an
  am.t : is 3sid]$ r1sona# 9 !
  circum/.es4 ,9 ! det]m9,n ( ^! am.ts1
  ea* "pn]'s capital 3tribu;n & "w
  p]=m$1 tgr ) any o!r relevant factor1
  w 2 tak5 96a3.t 0! ,de"p;t4
#c4 ,9 det]m9+ a -m5surate value
  attributa# 6"w p]=m$ 0a "pn] 9 !
  activities (! "pn]%ip1 bo? ! "t exp5d$
  &! exp]tise provid$ >e tak5 963sid],n4
  ,g5],y if ! func;n p]=m$ 0! "pn] does
  n require a specializ$ skill or tra9+1
  x is expect$ t ! "pn]'s 9volve;t w 2
  on a regul> basis & w require t a
  significant am.t ( "t 2 sp5t 9 !
  5t]prise4 ,on ! o!r h&1 if a "pn]
  possesses special exp]tise relevant 6!
  "pn]%ip's activities1 s* "pn]'s
                                      #b
             ,,it-#bca;,r#b          b#a
  9volve;t cd 2 on an irregul> basis )a
  less] am.t ( "t 2+ sp5t4
#d4 ,if a capital 3tribu;n is made 0"o
  "pn] \ ( funds transf]r$ 0gift or loan
  directly or 9directly f ano!r "pn] )
  :om ! transf]ee does n d1l at >m's
  l5g? &! transf] 0 made 65a# !
  transf]ee 6make t 3tribu;n1 =!
  purposes ( det]m9+ ! respective
  capital 3tribu;ns (! "pn]s =! purposes
  ( subsec;n #ajc7#a.a7 ! 3tribu;n is
  view$ z t (! transf]or r ?an !
  transf]ee4 ,h["e1 ? view is n tak5 :5
  ! funds
--------------------------------------#b
  >e transf]r$ 0m1ns (a loan =a r1sona#
  t]m t be>s 9t]e/ at a -m]cial rate4
#e4 ,al? ! ,de"p;t w *all5ge unr1sona#
  alloc,ns ( pr(it z m5;n$ 9 #b abv1 "!
  may 2 situ,ns ": "o "pn] is allocat$ a
  grt] %>e (! pr(its on a specific
  transac;n ?an wd h be5 allocat$ "u !
  normal pr(it %>+ >range;t4 ,= example1
  ": 9v5tory1 hav+ a fair m>ket       #c
             ,,it-#bca;,r#b          a#b
  value ( 4#be1jjj.jj is transf]r$ 0a
  "pn] 6! "pn]%ip = 4#aj1jjj.jj & an
  elec;n has be5 made "u subsec;n
  #ig7#b71 if ! prop]ty is subsequ5tly
  4pos$ (= 4#be1jjj.jj ! ,de"p;t w n
  g5],y *all5ge an alloc,n (! 5tire
  4#ae1jjj.jj 6! "pn] :o _h transf]r$ !
  prop]ty 6! "pn]%ip4















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