,canada ,rev5ue ,ag5cy                #a

          ,9t]pret,n ,bullet9
    
,numb]3 ,,it-#bhj
,date ,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 3si/5t
basis 0de"p;tal /aff4 ,9 cases ": an
,,it has n yet be5 revis$ 6reflect    #a
            ,,it-#bhj;,,rsr          a#a
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;,,rsr          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$ a3.t+
pr9ciples4 ,=! purpose ( subsec;n     #c
            ,,it-#bhj;,,rsr          c#a
#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       #d
            ,,it-#bhj;,,rsr          d#a
  bas$ on ! employ]'s [n pr(its =! ye>1
  ! pr(its =! ye> (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


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