,CANADA ,CU/OMS                       #A
& ,REV5UE ,AG5CY

              ,9COME ,TAX
          ,9T]PRET,N ,BULLET9
    
,SUBJECT3 ,SPECIAL ,REL1SE
  ,9T] ,VIVOS ,TRANSF] ( ,F>M ,PROP]TY
  6A ,*
,NUMB]3 ,,IT-#BFH;,R#C
,DATE3 ,SEPTEMB] #F1 #AIIA

               ,APPLIC,N
    
  ,! PURPOSE ( ? ,SPECIAL ,REL1SE IS
6REVISE ,9T]PRET,N ,BULLET9
,,IT-#BFH;,R#C DAT$ ,FEBRU>Y #AC1 #AIHG
6REFLECT AM5D;TS 6! LAW4 ,9 A4I;N1 ?
,SPECIAL ,REL1SE 9CORPORATES ! *ANGES
6P>AGRAPH #BA PREVI\SLY COV]$ 9 !
,SPECIAL ,REL1SE DAT$ ,MAY #CJ1 #AIHH &
C.ELS ! LATT] REL1SE4


                                      #A
           ,BULLET9 ,REVI.NS         A#A
    
#A4 ,P>AGRAPH #B IS REVIS$ 6REPLACE1 ON
  L9E #AJ1 ! ^WS 8AGE ( #BA0 )! ^WS 8AGE
  ( #AI0 & 6ADD ! FOLL[+ S5T;E AT ! 5D (
  T P>AGRAPH3

  8,= YE>S PRIOR 6#AIHH1 ! REF];E 6#AI
  %D 2 R1D Z A REF];E 6#BA40
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  FOLL[+387C7 9 ! CASE ( ELIGI# CAPITAL
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  8#AJ4 ,SUBJECT 6! -;TS 9 #CD & #CE 2L1
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  7TRANSF]OR7 "U SUBSEC;N #GC7#C7 IS1 9
  ! CASE ( L& & DEPRECIA# PROP]TY     #B
             ,,IT-#BFH;,R#C          B#A
  (A PRESCRIB$ CLASS1 DEEM$ 6BE ! *'S
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  ,9 ! CASE ( ELIGI# CAPITAL PROP]TY1 !
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  CASES ": ! * 3T9UES 6C>RY ON ! BUSI;S
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--------------------------------------#B
  CASES1 ! * IS DEEM$ 6H ACQUIR$ AN
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  7P>AGRAPH #GC7#C77D4#A774 7,= TRANSF]S
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  BUSI;S1 ! * IS DEEM$ 6H ACQUIR$ AN
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                                      #C
             ,,IT-#BFH;,R#C          A#B
  EQUAL 6! TAXPAY]'S DEEM$ PROCE$S (
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#D4 ,P>AGRAPH #AD IS REPLAC$ 0! FOLL[+3
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  CAPITAL GA9S >IS+ F ! 4POSI;N4 ,": !
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  4POS$ ( 9 #AIHE & 2F ,MAY #BD1 #AIHE
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  SEC;N #AAJ.F IS REDUC$ 0! AM.T ( S*
  DEDUC;N4 ,? REDUC;N IS DIM9I%$ 6!
  EXT5T T 9 #AIHE ! TAXPAY] )DREW AM.TS
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  GA9S DEDUC;N T A TAXPAY] C CLAIM F ALL
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  PROP]TY IS LIMIT$ 64#EJJ1JJJ40      #D
             ,,IT-#BFH;,R#C          B#B
#E4 ,P>AGRAPH #BA IS REVIS$ 6DELETE
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  #BA QUALIFY =! ROLLOV] REF]R$ 6"!9 IF
  ! 3DI;NS 9 #BA7A7 TO 7C7 9CLUSIVE >E
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#F4 ,! FOLL[+ NOTE IS A4$ 6! 5D (
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,NOTE3
  ,IF DRAFT LEGISL,N 3TA9$ 9 ,BILL
  ;,C-#AH1 TA#D 9 ! ,H\SE ( ,-MONS ON
  ,MAY #CJ1 #AIIA1 IS 5ACT$ 96LAW Z
  CURR5TLY PROPOS$1 ! PROVI.NS (
  SUBSEC;N #GE.A7#A7 W 2 AM5D$ 6APPLY
  6TRANSF]S AF #AIHI ( %>ES 9 A FAMILY
  F>M CORPOR,N & 9T]E/S 9 A FAMILY F>M
  "PN]%IP "U SUBSEC;N #GC7#D7 9 A4I;N
  6TRANSF]S ( F>M PROP]TY "U SUBSEC;N
  #GC7#C704


                                      #E