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

              ,9COME ,TAX
          ,9T]PRET,N ,BULLET9
    
,NUMB]3 ,,IT-#BHJ;,R
,DATE3 ,OCTOB] #BC1 #AIIF
,SUBJECT3 ,9COME ,TAX ,ACT
  ,EMPLOYEES ,PR(IT ,%>+ ,PLANS--,PAY;TS
  ,-PUT$ 0,REF];E 6,PR(ITS
,REF];E3 ,SPECIAL ,REL1SE

  ,9T]PRET,N BULLET9S 7,,IT'S7 PROVIDE
,REV5UE ,CANADA'S TE*NICAL 9T]PRET,NS (
9COME TAX LAW4 ,DUE 6_! TE*NICAL NATURE1
,,IT'S >E US$ PRIM>ILY 0DE"P;TAL /AFF1
TAX SPECIALI/S1 & O!R 9DIVIDUALS :O H AN
9T]E/ 9 TAX MATT]S4 ,= ^? R1D]S :O PREF]
A LESS TE*NICAL EXPLAN,N (! LAW1 !
,DE"P;T (F]S O!R PUBLIC,NS1 S* Z TAX
GUIDES & PAMPHLETS4
  ,:ILE ! ,,IT'S D N H ! =CE ( LAW1 !Y C
G5],Y 2 RELI$ ^U Z REFLECT+ ! ,DE"P;T'S
9T]PRET,N (! LAW 6BE APPLI$ ON A      #A
              ,,IT-#BHJ;,R           A#A
3SI/5T BASIS 0DE"P;TAL /AFF4 ,9 CASES ":
AN ,,IT HAS N YET BE5 REVIS$ 6REFLECT
LEGISLATIVE *ANGES1 R1D]S %D REF] 6!
AM5D$ LEGISL,N & XS E6ECTIVE DATE4
,SIMIL>LY1 C\RT DECI.NS SUBSEQU5T 6!
DATE (! ,,IT %D 2 3SID]$ :5 DET]M9+ !
RELEVANCY (! -;TS 9 ! ,,IT4
  ,AN 9T]PRET,N DESCRIB$ 9 AN ,,IT
APPLIES Z (! DATE ! ,,IT IS PUBLI%$1
UN.S O!RWISE SPECIFI$4 ,:5 "! IS A *ANGE
9 A PREVI\S 9T]PRET,N &! *ANGE IS
B5EFICIAL 6TAXPAY]S1 X IS USU,Y E6ECTIVE
= ALL FUTURE ASSESS;TS & REASSESS;TS4
,IF ! *ANGE IS N FAV\RA# 6TAXPAY]S1 X W
NORM,Y 2 E6ECTIVE =! CURR5T & SUBSEQU5T
TAX,N YE>S OR = TRANSAC;NS 5T]$ 96AF !
DATE (! ,,IT4
  ,A *ANGE 9 A DE"P;TAL 9T]PRET,N MAY AL
2 ANN\NC$ 9 ! ,9COME ,TAX ,TE*NICAL
,NEWS4
  ,IF Y H ANY -;TS REG>D+ MATT]S 4CUSS$
9 ? ,,IT1 PL1SE S5D !M TO3

                                      #B
              ,,IT-#BHJ;,R           B#A
  ,DIRECTOR1 ,BUSI;S & ,PUBLIC,NS
    ,DIVI.N
  ,9COME ,TAX ,RUL+S ,DIRECTORATE
  ,POLICY & ,LEGISL,N ,BRAN*
  ,REV5UE ,CANADA
  ,OTTAWA ,,ON
  ,K#A;,A #J;,L#E

  ,9T]PRET,N BULLET9S C 2 F.D ON !
,REV5UE ,CANADA ,9T]NET SITE AT3
_+WWW.RC.GC.CA_:

               ,APPLIC,N
    
  ,? ,SPECIAL ,REL1SE REVISES ,9T]PRET,N
,BULLET9 ,,IT-#BHJ;,R DAT$ ,JUNE #BF1
#AIIE4

           ,BULLET9 ,REVI.NS
    
  ,P>AGRAPH #E (! BULLET9 9DICATES T
PR(ITS1 =! PURPOSE ( SUBSEC;N #ADD7#A71
M1N NET 9COME AF TAXES (A BUSI;S =A GIV5
YE> >RIV$ AT 0FOLL[+ G5],Y A3EPT$     #C
              ,,IT-#BHJ;,R           C#A
A3.T+ PR9CIPLES4 ,=! PURPOSE ( SUBSEC;N
#ADD7#A71 \R 9T]PRET,N (! M1N+ ( 8PR(IT0
HAS BE5 EXP&$ 69CLUDE NET 9COME 2F OR AF
TAXES (A BUSI;S & MAY AL 9CLUDE O!R
PR(ITS & S\RCES ( 9COME4 ,? *ANGE W ALL[
GRT] FLEXIBIL;Y = EMPLOYEES PR(IT %>+
PLANS4
  ,! FOLL[+ *ANGES >E REQUIR$ 6!
BULLET93
  #A4 ,! FOLL[+ S5T;E IS A4$ 6! 5D (
  .P>AGRAPH .#B (! BULLET93
    ,PR(ITS Z DEF9$ 9 ! PLAN M/ 9CLUDE
    PR(ITS F BUSI;S 7SEE P>AGRAPH #D 2L7
    B MAY AL 9CLUDE O!R PR(ITS & S\RCES
    ( 9COME4
  #B4 .,P>AGRAPH .#D (! BULLET9 IS
  DELET$ & REPLAC$ )! FOLL[+3
    ,SUBSEC;N #ADD7#A7 ALL[S = 3SID]A#
    FLEXIBIL;Y 9 DET]M9+ ! ME?OD & LEVEL
    ( EMPLOY] 3TRIBU;NS 6AN ,,EPSP4
    ,SUBJECT 6! -;TS 9 P>AGRAPH #B ABV1
    3TRIBU;NS DET]M9$ 0REF];E 6PR(ITS
    MAY 2 BAS$ ON ! EMPLOY]'S [N PR(ITS
    =! YE>1 ! PR(ITS =! YE> (A        #D
              ,,IT-#BHJ;,R           D#A
    CORPOR,N ) : ! EMPLOY] DOES N D1L AT
    >M'S L5G?1 OR ANY -B9,N ( ^! PR(ITS
    =! YE>4 ,:ILE ! 3TRIBU;NS M/ 2 -PUT$
    0REF];E 6PR(ITS1 "! IS NO S*
    RE/RIC;N ON ! ACTUAL S\RCE (! FUNDS
    3TRIBUT$1 : MAY 2 PD \ ( PR(ITS1
    RETA9$ E>N+S1 CAPITAL SURPLUS1 OR
    BORR[+S 0! EMPLOY]4
  #C4 .,P>AGRAPH .#E (! BULLET9 IS
  DELET$4
--------------------------------------#B
  #D4 ,! LA/ S5T;E ( .,P>AGRAPH .#AA IS
  DELET$ & REVIS$ 69DICATE T A SUBSEC;N
  #ADD7#AJ7 ELEC;N IS 6BE MADE 0S5D+ !
  REQUIR$ DOCU;TS 6! ,REV5UE ,CANADA TAX
  C5TRE S]V+ ! EMPLOY]1 R ?AN ! TAX,N
  S]VICE (FICE3
    ,AN ELEC;N IS MADE 0S5D+ ^! DOCU;TS
    0REGI/]$ MAIL 6! ,REV5UE ,CANADA TAX
    C5TRE S]V+ ! EMPLOY]4



                                      #E