,canada ,co/ums                       #a
& ,rev5ue ,ag5cy

          ,9t]pret,n ,bullet9
    
,subject3 ,special ,rel1se
  ,reassess;t ": op;n ex]cis$ 9
  subsequ5t ye>
,numb]3 ,,it-#chd;,r
,date3 ,novemb] #f1 #aihi

               ,applic,n
    
  ,! purpose ( ? ,special ,rel1se is
6update ,9t]pret,n ,bullet9 ,,it-#chd;,r
z a result ( am5d;ts 6! ,9come ,tax ,act
0,s4,c4 #aihh1 c4#ee 7=m]ly ,bill
;,c-#aci74

           ,bullet9 ,revi.ns
    
#a4 ,p>agraph #h ( ,,it-#chd;,r is
  replac$ 0! foll[+3 #h4 ,! provi.ns (
  subsec;n #di7#d7 d n apply 6! 4posi;n
  ( prop]ty "u an op;n grant$1        #a
              ,,it-#chd;,r           a#a
  ext5d$ or renew$ af ,novemb] #ba1
  #aihe & ex]cis$ prior 6#aihh ": ! op;n
  0 6acquire prop]ty & 0 grant$ 0an
  9dividual4 ,": s* an op;n 0 ex]cis$ 9
  a ye> subsequ5t 6! "o 9 : x 0 grant$ &
  prior 6#aihh1 n"o (! 3sid],n rcvd 0!
  grantor 9 respect (! op;n w 2 a4$ 6!
  proce$s ( 4posi;n (! prop]ty transf]r$
  on ! ex]cise (! op;n1 &! grantor's
  return ( 9come = any prior ye> w n 2
  adju/$ 0r1son only (! ex]cise (! op;n4
  ,! provi.ns ( subsec;ns #di7#c7 & 7#d7
  w apply 64posi;ns ( prop]ty "u op;ns
  grant$ 0an 9dividual t >e ex]cis$ af
  #aihg4

,note3
  ,bill ;,c-#bh1 giv5 ,f/ r1d+ on ,june
  #bj1 #aihi1 9troduc$ am5d;ts 6sec;n
  #aeb :1 if 5act$1 w a6ect p>agraph #c
  ( ,,it-#chd;,r4 ,! normal reassess;t
  p]iod = mutual fund tru/s & all
  corpor,ns1 except ,canadian-3troll$
  private corpor,ns1 w 2 ext5d$       #b
              ,,it-#chd;,r           b#a
  6f\r ye>s f ! "d ( mail+ (a notice (
  an orig9al assess;t or (a notific,n t
  no tax is paya# =a tax,n ye>4 ,? *ange
  w 2 applica# af ,april #bg1 #aihi )
  excep;ns = tax,n ye>s ":
  7a7 a notice ( an orig9al assess;t =!
    ye> or
  7b7 a notific,n t no tax 0 paya# =!
    ye> 0 mail$ on 2f ,april #bg1 #aihf4
  













                                      #c