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

              ,9COME ,TAX
          ,9T]PRET,N ,BULLET9
    
,NUMB]3 ,,IT-#BHG;,R#B
,SUBJECT3 ,9COME ,TAX ,ACT
  ,SALE ( ,9V5TORY
,REF];E3 ,SEC;N #BC
,DATE3 ,JANU>Y #CJ1 #AIII
  ,9T]PRET,N BULLET9S 7,,IT'S7 PROVIDE
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9COME TAX LAW4 ,DUE 6_! TE*NICAL NATURE1
,,IT'S >E US$ PRIM>ILY 0DE"P;TAL /AFF1
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                                     A#A
             ,,IT-#BHG;,R#B
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+ !
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= ALL FUTURE ASSESS;TS & REASSESS;TS4
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NORM,Y 2 E6ECTIVE =! CURR5T & SUBSEQU5T
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DATE (! ,,IT4
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2 ANN\NC$ 9 ! ,9COME ,TAX ,TE*NICAL
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  ,IF Y H ANY -;TS REG>D+ MATT]S 4CUSS$
9 ? ,,IT1 PL1SE S5D !M TO3


                                      #B
                                     B#A
             ,,IT-#BHG;,R#B
  ,DIRECTOR1 ,BUSI;S & ,PUBLIC,NS
    ,DIVI.N
  ,9COME ,TAX ,RUL+S & ,9T]PRET,NS
    ,DIRECTORATE
  ,POLICY & ,LEGISL,N ,BRAN*
  ,REV5UE ,CANADA
  #BE ,NI*OLAS ,/REET
  ,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
    
  ,? BULLET9 C.ELS & REPLACES ,9T]PRET,N
,BULLET9 ,,IT-#BHG;,R DAT$ ,JULY #AE1
#AIHH4



                                      #C
                ,SUMM>Y              C#A
    
  ,? BULLET9 4CUSSES SEC;N #BC1 :
PROVIDES T ": A TAXPAY] 4POSES ( ALL OR
"P (! 9V5TORY (A BUSI;S1 ^U OR AF 4POS+
( OR C1S+ 6C>RY ON ALL OR "P (! BUSI;S1
! TAXPAY] IS DEEM$ 6H 4POS$ (! 9V5TORY 9
! C\RSE ( C>RY+ ON ! BUSI;S4

          ,4CUS.N & ,9T]PRET,N
    
#A4 ,! APPLIC,N ( SUBSEC;N #BC7#A7 IS
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  IS ?US SOLD1 SUBSEC;N #BC7#A7 PROVIDES
  T ! 9V5TORY IS DEEM$ 6H BE5 SOLD 9 !
  C\RSE ( C>RY+ ON ! BUSI;S4 ,=A TAXPAY]
  ON ! A3RUAL BASIS ( REPORT+ 9COME =
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  9 ! YE> ! 9V5TORY IS SOLD &! CO/ (!
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             ,,IT-#BHG;,R#B          D#A
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#B4 ,SUBSEC;N #BDH7#A7 DEF9ES 89V5TORY0
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  PURPOSES ( SEC;N #BC 9CLUDES ! 9V5TORY
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--------------------------------------#B
  A3ORD.E )! CA% ME?OD "U SUBSEC;N
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  9CLUDES ! "W-IN-PROGRESS (A PROFES.NAL
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             ,,IT-#BHG;,R#B          A#B
  6P>AGRAPH #CD7A7 N 6TAKE 96A3.T !
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  0SEC;N #FH 6BE BO? ! PROCE$S ( 4POSI;N
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  >M'S L5G? TRANSAC;NS 7SEE ! CURR5T
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  ! ,DE"P;T G5],Y 3SID]S AN ALLOC,N   #F
             ,,IT-#BHG;,R#B          B#B
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  9V5TORY SOLD IS SIGNIFICANTLY M OR
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  POR;N (! TOTAL PROCE$S ALLOCAT$
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--------------------------------------#C
          ,EXPLAN,N ( ,*ANGES
               ,9TRODUC;N
    
  ,! PURPOSE (! ,EXPLAN,N ( ,*ANGES IS
6GIVE R1SONS =! REVI.NS 6AN 9T]PRET,N
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A RESULT ( *ANGES 6! LAW1 Z WELL Z
*ANGES REFLECT+ NEW OR REVIS$ DE"P;TAL
9T]PRET,NS4




                                      #G
           ,R1SONS =! ,REVI.N        A#C
    
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             ,,IT-#BHG;,R#B          B#C
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PURPOSES ( CL>IFIC,N4




                                      #I