,CANADA ,CU/OMS #A & ,REV5UE ,AG5CY ,9COME ,TAX ,9T]PRET,N ,BULLET9 ,NUMB]3 ,,IT-#CID;,R#B ,DATE3 ,JUNE #BA1 #AIII ,SUBJECT3 ,,9COME ,,TAX ,,ACT ,PREF]R$ ,B5EFICI>Y ,ELEC;N ,REF];E3 ,SUBSEC;N #AJD7#AD7 7AL SEC;NS #GD.A 6#GD.E1 SUBSEC;NS #EF7#D.A71 #GE7#B71 #AJD7#D71 7#E71 7#E.B71 7#E.C71 7#F71 7#AB71 7#AC.A71 7#AE71 7#AH7 & 7#BA71 #AJG7#D71 #AAH7#A7 & 7#F71 #AAH.C7#A71 #BDH7#BE71 #BEB7#A7 & 7#D71 ! DEF9I;NS 8A3UMULAT+ 9COME10 8PREF]R$ B5EFICI>Y10 8SETTLOR10 & 8TRU/0 9 SUBSEC;N #AJH7#A7 (! ,9COME ,TAX ,ACT1 & SEC;N #BHJJ (! ,9COME ,TAX ,REGUL,NS7 ,9T]PRET,N BULLET9S 7,,IT'S7 PROVIDE ,REV5UE ,CANADA'S TE*NICAL 9T]PRET,NS ( 9COME TAX LAW4 ,DUE 6_! TE*NICAL #A ,,IT-#CID;,R#B A#A 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 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$4 ,:5 "! IS A *ANGE 9 A PREVI\S 9T]PRET,N &! *ANGE IS B5EFICIAL 6TAXPAY]S1 X IS USU,Y E6ECTIVE = ALL FUTURE ASSESS;TS & REASSESS;TS4 ,IF ! *ANGE IS N FAV\RA# 6TAXPAY]S1 X W NORM,Y 2 E6ECTIVE =! CURR5T & #B ,,IT-#CID;,R#B B#A SUBSEQU5T TAX,N YE>S OR = TRANSAC;NS 5T]$ 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 ,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_: #C ,3T5TS C#A ,APPLIC,N ,SUMM>Y ,4CUS.N & ,9T]PRET,N ,ELEC;N 0,TRU/ & ,PREF]R$ ,B5EFICI>Y 7P>AGRAPH #A7 ,RE/RICT$ ,M1N+ ( ,TRU/ 7P>AGRAPH #B7 ,PREF]R$ ,B5EFICI>Y 7P>AGRAPHS #C-G7 ,A3UMULAT+ ,9COME 7P>AGRAPHS #H-AB7 ,ALLOCA# ,AM.T = ,PREF]R$ ,B5EFICI>Y 7P>AGRAPHS #AC-AF7 ,DEDUC;N 9 ,-PUT+ ,TRU/'S ,9COME 7P>AGRAPH #AG7 ,ELEC;N 7P>AGRAPHS #AH-BB7 ,LATE1 ,AM5D$ OR ,REVOK$ ,ELEC;N 7P>AGRAPHS #BC-BD7 ,ATTRIBU;N ,RULES 7P>AGRAPH #BE7 ,EXPLAN,N ( ,*ANGES ,9TRODUC;N ,R1SONS =! ,REVI.N ,LEGISLATIVE & ,O!R ,*ANGES #D ,APPLIC,N D#A ,? BULLET9 C.ELS & REPLACES ,9T]PRET,N ,BULLET9 ,,IT-#CID;,R DAT$ ,JULY #AD1 #AIHI4 ,SUMM>Y ,? BULLET9 D1LS ) PO/-#AIIE ELEC;NS T MAY 2 MADE 0A TRU/ &A PREF]R$ B5EFICI>Y 6H A POR;N (! TRU/'S A3UMULAT+ 9COME TAXA# 9 ! H&S (! PREF]R$ B5EFICI>Y R ?AN 9 ! TRU/4 ,=A TRU/'S TAX,N YE> T 5DS AF #AIIF1 A PREF]R$ B5EFICI>Y "U A TRU/ G5],Y M1NS AN 9DIVIDUAL B5EFICI>Y :O IS ELIGI# =A 4ABIL;Y TAX CR$IT OR AN ADULT B5EFICI>Y = :OM A DEP5DANT TAX CR$IT C 2 CLAIM$ 0ANO!R 9DIVIDUAL 2C (! B5EFICI>Y'S M5TAL OR PHYSICAL 9FIRM;Y4 ,H["E1 =A TRU/'S TAX,N YE> T 5DS 2F #AIIG1 A PREF]R$ B5EFICI>Y IS G5],Y RE/RICT$ 6AN 9DIVIDUAL B5EFICI>Y :O IS ELIGI# =A 4ABIL;Y TAX CR$IT4 #E ,,IT-#CID;,R#B #B ,ANY AM.T ELECT$ 0A TRU/ &A PREF]R$ B5EFICI>Y "U ! TRU/ _C EXCE$ ! ALLOCA# AM.T =! PREF]R$ B5EFICI>Y =A TAX,N YE>4 ,! ALLOCA# AM.T =A PREF]R$ B5EFICI>Y =A TAX,N YE> G5],Y M1NS ! TRU/'S A3UMULAT+ 9COME =! TAX,N YE>4 ,A TRU/'S A3UMULAT+ 9COME =A TAX,N YE> G5],Y M1NS XS 9COME =! TAX,N YE> CALCULAT$ 2F DEDUCT+ ANY AM.T 9CLUD$ 9 -PUT+ 9COME (A PREF]R$ B5EFICI>Y 2C (A PREF]R$ B5EFICI>Y ELEC;N4 ,A PREF]R$ B5EFICI>Y ELEC;N =A TRU/'S TAX,N YE> M/ G5],Y 2 FIL$ )9 #IJ "DS F ! 5D (! TRU/'S TAX,N YE>4 ,LATE1 AM5D$ OR REVOK$ ELEC;NS C 2 MADE 9 LIMIT$ CIRCUM/.ES4 ,! ABV TOPICS >E 4CUSS$ M FULLY 2L1 Z WELL Z O!R TOPICS RELAT+ 6PREF]R$ B5EFICI>Y ELEC;NS4 #F ,4CUS.N & ,9T]PRET,N A#B ,ELEC;N 0,TRU/ & ,PREF]R$ ,B5EFICI>Y #A4 ,SUBSEC;N #AJD7#AD7 PROVIDES T A TRU/ &A PREF]R$ B5EFICI>Y "U ! TRU/ MAY JO9TLY ELECT =A TRU/'S TAX,N YE> Z PRESCRIB$ 0SEC;N #BHJJ (! ,REGUL,NS 6H A POR;N (! TRU/'S A3UMULAT+ 9COME =! TRU/'S TAX,N YE>1 N EXCE$+ ! ALLOCA# AM.T =! PREF]R$ B5EFICI>Y1 9CLUD$ 9 -PUT+ ! 9COME (! PREF]R$ B5EFICI>Y =! B5EFICI>Y'S TAX,N YE> 9 : ! TRU/'S TAX,N YE> 5D$4 ,S* ELECT$ AM.T IS AL EXCLUD$ F ! 9COME ( ANY B5EFICI>Y "U ! TRU/ 7N NECESS>ILY ! B5EFICI>Y MAK+ ! ELEC;N7 =A SUBSEQU5T TAX,N YE> 9 : X IS PD4 ,RE/RICT$ ,M1N+ ( ,TRU/ #B4 ,A TRU/ LI/$ 9 ANY ( P>AGRAPHS 7A7 TO 7G7 (! DEF9I;N ( 8TRU/0 9 SUBSEC;N #AJH7#A7 & XS PREF]R$ B5EFICI>IES >E PRECLUD$ F MAK+ PREF]R$ B5EFICI>Y #G ,,IT-#CID;,R#B B#B ELEC;NS4 ,S* LI/ 9CLUDES AN AMATEUR A?LETE TRU/1 AN EMPLOYEE TRU/1 A MA/] TRU/1 A RELAT$ SEGREGAT$ FUND TRU/1 A RETIRE;T -P5S,N >RANGE;T TRU/1 TRU/S GOV]N$ 0DEF]R$ 9COME PLANS1 A TRU/ ^: DIRECT B5EFICI>IES >E "O (! ABV-M5;N$ TRU/S1 A -MUNAL ORGANIZ,N1 A TRU/ GOV]N$ 0AN ELIGI# FUN]AL >RANGE;T OR A CEMET]Y C>E TRU/1 A UNIT TRU/ & C]TA9 TRU/S 9 : ALL 9T]E/S H BE5 VE/$ 9DEF1SIBLY1 & 9 : NO 9T]E/ C 2COME E6ECTIVE 9 ! FUTURE 7G5],Y REF]R$ 6Z A -M]CIAL TRU/74 ,PREF]R$ ,B5EFICI>Y #C4 ,A PREF]R$ B5EFICI>Y "U A TRU/ =A TRU/'S TAX,N YE> T 5DS AF #AIIF G5],Y M1NS AN 9DIVIDUAL B5EFICI>Y :O IS ELIGI# =A 4ABIL;Y TAX CR$IT "U SUBSEC;N #AAH.C7#A7 OR A B5EFICI>Y #AH YE>S ( AGE OR OLD] = :OM A DEP5DANT TAX CR$IT "U SUBSEC;N #AAH7#A7 C 2 CLAIM$ 0ANO!R 9DIVIDUAL4 ,M #H ,,IT-#CID;,R#B C#B SPECIFIC,Y1 A PREF]R$ B5EFICI>Y "U A TRU/ =A TRU/'S TAX,N YE> T 5DS AF #AIIF IS A B5EFICI>Y "U ! TRU/ AT ! 5D (! TRU/'S TAX,N YE> :O IS RESID5T 9 ,CANADA AT T "T & :O MEETS EI (! FOLL[+ 3DI;NS3 7A7 ! B5EFICI>Y IS AN 9DIVIDUAL 7;I7 :O IS 5TITL$ 6A 4ABIL;Y TAX CR$IT "U SUBSEC;N #AAH.C7#A7 =! B5EFICI>Y'S TAX,N YE> T 5DS 9 ! TRU/'S TAX,N YE> 7OR WD 2 S 5TITL$ IF "! 7 NO DEDUC;NS CLAIM$ = AN ATT5DANT OR C>E 9 A NURS+ HOME =! B5EFICI>Y71 & 7;II7 :O IS ! TRU/ SETTLOR1 ! SETTLOR'S SP\SE OR =M] SP\SE1 A *1 GR&*ILD OR GRT GR&*ILD (! SETTLOR OR A SP\SE 7B N A =M] SP\SE7 (A *1 GR&*ILD OR GRT GR&*ILD (! SETTLOR2 OR 7B7 ": ! B5EFICI>Y DOES N MEET ! 3DI;N SET \ 9 7A77;I7 ABV1 ! B5EFICI>Y IS AN 9DIVIDUAL #I ,,IT-#CID;,R#B D#B 7;I7 :O MEETS ! 3DI;N SET \ 9 7A77II7 ABV1 7;II7 :O ATTA9$ ! AGE ( #AH YE>S 2F ! 5D (! B5EFICI>Y'S TAX,N YE> T 5DS 9 ! TRU/'S TAX,N YE>1 7;III7 :O 0 A DEP5DANT 7)9 ! M1N+ ASSIGN$ 0SUBSEC;N #AAH7#F77 ( ANO!R 9DIVIDUAL = T B5EFICI>Y'S TAX,N YE> & 0 DEP5D5T ON ! O!R 9DIVIDUAL 2C (A M5TAL OR PHYSICAL 9FIRM;Y1 & 7;IV7 ^: 9COME = T B5EFICI>Y'S TAX,N YE> DOES N EXCE$ 4#F1DEF 7SUBJECT 6ANNUAL 9DEX+ AF #AIIF74 ,=! PURPOSE (! 3DI;N 9 7B77;III7 ABV1 AN 9DIVIDUAL QUALIFIES Z A 8DEP5DANT0 ( ANO!R 9DIVIDUAL =A TAX,N YE> IF ! 9DIVIDUAL IS DEP5D5T ON ! O!R 9DIVIDUAL = SUPPORT AT ANY "T 9 ! TAX,N YE> & IS3 --! * OR GR&*ILD (! O!R 9DIVIDUAL OR ! O!R 9DIVIDUAL'S SP\SE2 OR --RESID5T 9 ,CANADA AT ANY "T 9 ! TAX,N YE> & IS ! P>5T1 #AJ ,,IT-#CID;,R#B E#B GR&P>5T1 BRO!R1 SI/]1 UNCLE1 AUNT1 NIECE OR NEPHEW (! O!R 9DIVIDUAL OR (! O!R 9DIVIDUAL'S SP\SE4 ,! EXPRES.N 8DEP5DANT0 IS AL 4CUSS$ 9 ! CURR5T V].N ( ,9T]PRET,N ,BULLET9 ,,IT-#EAC1 ,P]SONAL ,TAX ,CR$ITS4 ,=! PURPOSE (! 9COME LIMIT 9 7B77;IV7 ABV1 ! B5EFICI>Y'S 9COME =A TAX,N YE> M/ 2 -PUT$ )\T REF];E 6ANY AM.T DESIGNAT$ "U A PREF]R$ B5EFICI>Y ELEC;N & ALLOCAT$ 6! B5EFICI>Y4 ,IF ! 9COME LIMIT ABV IS SATISFI$ =A B5EFICI>Y'S TAX,N YE> T 5DS 9 ! TRU/'S TAX,N YE>1 ! TRU/ &! B5EFICI>Y C ELECT ANY AM.T 7N EXCE$+ ! B5EFICI>Y'S ALLOCA# AM.T7 :E!R OR N ? AM.T EXCE$S ! 9COME LIMIT =! B5EFICI>Y'S TAX,N YE>4 --------------------------------------#C #D4 ,=A TRU/'S TAX,N YE> T 5DS 2F #AIIG1 ! 3DI;NS SET \ 9 P>AGRAPH #C7B7 ABV M/ 2 IGNOR$ 9 DET]M9+ :E!R A B5EFICI>Y "U A TRU/ IS A PREF]R$ B5EFICI>Y4 #AA ,,IT-#CID;,R#B A#C ,AL1 ! 3DI;N SET \ 9 P>AGRAPH #C7A77I7 ABV IS SATISFI$ ONLY IF ! B5EFICI>Y IS 5TITL$ 6! 4ABIL;Y TAX CR$IT =! B5EFICI>Y'S TAX,N YE> 9 : ! TRU/'S TAX,N YE> 5DS 7& N =! B5EFICI>Y'S TAX,N YE> T 5DS 9 ! TRU/'S TAX,N YE>74 #E4 ,SUBSEC;N #AJH7#A7 DEF9ES ! EXPRES.N 8SETTLOR0 =! PURPOSES (! PROVI.NS D1L+ ) TRU/S & _! B5EFICI>IES4 ,"U ? DEF9I;N1 AN 9T] VIVOS TRU/ MAY H NO SETTLOR OR MAY LOSE XS SETTLOR AF XS CRE,N4 ,= EXAMPLE1 AN 9T] VIVOS TRU/ HAS NO SETTLOR IF X 0 CR1T$ 0M ?AN "O 9DIVIDUAL 7O!R ?AN ! 9DIVIDUAL & 8 OR H] SP\SE74 ,9 ^! CIRCUM/.ES1 NO PREF]R$ B5EFICI>Y ELEC;N C 2 MADE ON ! TRU/'S A3UMULAT+ 9COME Z "! WD 2 NO PREF]R$ B5EFICI>Y "U ! TRU/4 ,? EXPRES.N IS AL 4CUSS$ 9 ! CURR5T V].N ( ,9T]PRET,N ,BULLET9 ,,X-#CGD1 ,M1N+ ( 8,SETTLOR40 #F4 ,A 8* (! SETTLOR0 9CLUDES ! FOLL[+3 #AB ,,IT-#CID;,R#B B#C --A P]SON ( :OM ! SETTLOR IS ! NATURAL P>5T :E!R ! * 0 BORN )9 OR \TSIDE M>RIAGE2 --A P]SON :OLLY DEP5D5T ^U ! SETTLOR = SUPPORT & :O IS PRES5TLY1 OR 0 IMMLY 2F ATTA9+ ! AGE ( #AI YE>S1 "U ! CU/ODY & 3TROL (! SETTLOR2 & --A * (! SETTLOR'S SP\SE1 AN ADOPT$ * (! SETTLOR1 &! SP\SE (A * (! SETTLOR4 #G4 ,A 8SP\SE (! SETTLOR0 G5],Y 9CLUDES A -MON-LAW SP\SE (! SETTLOR4 ,A -MON- LAW SP\SE (! SETTLOR IS A P]SON (! OPPOSITE SEX :O HAS BE5 COHABIT+ 9 A 3JUGAL REL,N%IP )! SETTLOR = AT L1/ #AB 3SECUTIVE MON?S OR :O IS A NATURAL OR ADOPTIVE P>5T (A * ( :OM ! SETTLOR IS AL A NATURAL OR ADOPTIVE P>5T4 ,A3UMULAT+ ,9COME #H4 ,A TRU/'S A3UMULAT+ 9COME =A TAX,N YE> G5],Y M1NS XS 9COME =! TAX,N YE> AF DEDUC;NS "U SUBSEC;N #AJD7#F7 #AC ,,IT-#CID;,R#B C#C B )\T REG>D 6AM.TS ELECT$ "U PREF]R$ B5EFICI>Y ELEC;NS4 ,9COME HELD 0A TRU/ =A M9OR B5EFICI>Y T IS DEEM$ 6BE 8PAYA#0 "U SUBSEC;N #AJD7#AH7 IS DEDUCTI# 0! TRU/ "U SUBSEC;N #AJD7#F7 & ?US REDUCES XS A3UMULAT+ 9COME4 #I4 ,AL? A TAXA# CAPITAL GA9 MAY N =M "P ( TRU/ 9COME "U TRU/ LAW1 =! PURPOSE ( -PUT+ A TRU/'S A3UMULAT+ 9COME =A TAX,N YE>1 9COME IS -PUT$ PURSUANT 6! PROVI.NS ( SEC;N #C & Z A 3SEQU;E G5],Y 9CLUDES NET TAXA# CAPITAL GA9S4 ,EXCEPT Z /AT$ 9 P>AGRAPH #AJ 2L1 A TRU/ MAY ALLOCATE ! NET TAXA# GA9S 79CLUD+ ^? >IS+ Z A RESULT (! #BA-YE> DEEM$ 4POSI;N RULE7 6A PREF]R$ B5EFICI>Y "U ! TRU/ 0MAK+ A PREF]R$ B5EFICI>Y ELEC;N & 0VIRTUE ( MAK+ A DESIGN,N "U SUBSEC;N #AJD7#BA74 7,SEE AL ! CURR5T V].N ( ,9T]PRET,N ,BULLET9 ,,IT-#CHA1 ,TRU/S--,CAPITAL ,GA9S & ,LOSSES &! ,FL[-,"? ( ,TAXA# ,CAPITAL ,GA9S 6,B5EFICI>IES47 #AD ,,IT-#CID;,R#B D#C #AJ4 ,ANY 9COME 79CLUD+ NET TAXA# CAPITAL GA9S7 >IS+ F DEEM$ 4POSI;NS ( TRU/ PROP]TY "U SUBSEC;NS #AJD7#D71 #AJD7#E71 #AJD7#E.B7 & #AJG7#D7 IS EXCLUD$ F ! TRU/'S A3UMULAT+ 9COME =A TAX,N YE> IF X IS "O (! FOLL[+3 --A PO/-#AIGA SP\SAL TRU/ Z DESCRIB$ 9 P>AGRAPH #AJD7#D77A72 --A PRE-#AIGB SP\SAL TRU/ Z DEF9$ 9 SUBSEC;N #AJH7#A7 AT ! 5D (! TAX,N YE>2 OR --A TRU/ T ELECT$ =A PREC$+ TAX,N YE> "U SUBSEC;N #AJD7#E.C7 6DEF] ! DATE (! #BA-YE> DEEM$ 4POSI;N4 ,"!=E1 S* 9COME DOES N QUALIFY = 9CLU.N 9 A B5EFICI>Y'S 9COME "U A PREF]R$ B5EFICI>Y ELEC;N4 #AA4 ,AM.TS T >E PD F A NET 9COME /ABILIZ,N A3.T "U ! ,F>M ,9COME ,PROTEC;N ,ACT & Z DEF9$ 9 SUBSEC;N #BDH7#A71 UN.S PD 6A TE/A;T>Y SP\SAL TRU/ DESCRIB$ 9 P>AGRAPH #GJ7#F.A77B7 & 2F ! D1? (! B5EFICI>Y SP\SE1 >E #AE ,,IT-#CID;,R#B E#C IGNOR$ =! PURPOSE ( -PUT+ A TRU/'S A3UMULAT+ 9COME =A TAX,N YE>4 #AB4 ,! FOLL[+ RULES APPLY ) RESPECT 6TRU/S' TAX,N YE>S T 5D AF ,JULY #AI1 #AIIE3 --,IF ! TRU/ FAILS 6CLAIM ! MAXIMUM DEDUC;N "U SUBSEC;N #AJD7#F71 XS A3UMULAT+ 9COME M/ 2 -PUT$ Z IF ! TRU/ _H CLAIM$ ! MAXIMUM DEDUC;N4 ,?US1 ! TRU/ W N 2 A# 6PAY ALL XS 9COME 6A B5EFICI>Y1 ELECT 6H ! 9COME TAX$ 9 ! TRU/ "U SUBSEC;N #AJD7#AC.A71 N CLAIM ! MAXIMUM AM.T Z A DEDUC;N "U SUBSEC;N #AJD7#F7 & ADD ! 9COME 6XS A3UMULAT+ 9COME =! PURPOSE (! PREF]R$ B5EFICI>Y ELEC;N4 --,IF ! TRU/ IS A PO/-#AIGA SP\SAL TRU/ 7Z DESCRIB$ 9 P>AGRAPH #AJD7#D77A77 &! SP\SE DI$ ON A "D 9 ! TRU/'S TAX,N YE>1 XS A3UMULAT+ 9COME W 2 -PUT$ Z IF ANY 4POSI;N 0! TRU/ 2F ! 5D ( T "D ( CAPITAL PROP]TY1 L& DESCRIB$ 9 AN 9V5TORY (! TRU/1 ,CANADIAN RES\RCE #AF ,,IT-#CID;,R#B F#C PROP]TY OR =EIGN RES\RCE PROP]TY _H N O3URR$4 ,Z A RESULT1 ! TRU/ W N 2 A# 6AVOID ! TAX E6ECT (A 4QUALIFIC,N (A TAXA# CAPITAL GA9 F A DEEM$ 4POSI;N DESCRIB$ 9 P>AGRAPH #AJ ABV =! PURPOSE (! PREF]R$ B5EFICI>Y ELEC;N 0M1NS (A 4POSI;N (! PROP]TY 2F ! SP\SE DIES4 --------------------------------------#D ,ALLOCA# ,AM.T = ,PREF]R$ ,B5EFICI>Y #AC4 ,EXCEPT Z DESCRIB$ 9 P>AGRAPH #AD 2L1 ! ALLOCA# AM.T =A TAX,N YE> = EA* PREF]R$ B5EFICI>Y 7:O HAS A "R ( ANY TYPE 6ANY POR;N (! TRU/'S A3UMULAT+ 9COME T IS N 5TIRELY 3T+5T ON ! D1? ( ANO!R B5EFICI>Y :O HAS A CAPITAL 9T]E/ 9 ! TRU/ B NO 9COME 9T]E/ 9 ! TRU/7 IS ! TRU/'S A3UMULAT+ 9COME =! TAX,N YE>4 ,9 ANY O!R CASE1 ! ALLOCA# AM.T IS NIL4 #AD4 ,H["E1 ": ! TRU/ IS A PO/-#AIGA SP\SAL TRU/ 7Z DESCRIB$ 9 #AG ,,IT-#CID;,R#B A#D P>AGRAPH #AJD7#D77A77 OR A PRE-#AIGB SP\SAL TRU/ 7Z DEF9$ 9 SUBSEC;N #AJH7#A77 &! PREF]R$ B5EFICI>Y SP\SE IS ALIVE AT ! 5D (! TRU/'S TAX,N YE>1 ! SP\SE'S ALLOCA# AM.T IS ! TRU/'S A3UMULAT+ 9COME =! TAX,N YE> &! ALLOCA# AM.T = ANY O!R PREF]R$ B5EFICI>Y =! TAX,N YE> IS NIL4 #AE4 ,A TRU/ &A PREF]R$ B5EFICI>Y "U ! TRU/ MAY ELECT =A TRU/'S TAX,N YE> ^U ANY AM.T (! TRU/'S A3UMULAT+ 9COME =! TAX,N YE> UP 6! ALLOCA# AM.T =! PREF]R$ B5EFICI>Y4 ,Z M5;N$ 9 P>AGRAPH #AC ABV1 ! ALLOCA# AM.T =A TAX,N YE> = EA* PREF]R$ B5EFICI>Y "U A TRU/ G5],Y M1NS ! TRU/'S A3UMULAT+ 9COME =! TAX,N YE>4 ,"!=E1 X IS POSSI# T ! TOTAL ALLOCA# AM.TS =A TAX,N YE> EXCE$ ! TRU/'S A3UMULAT+ 9COME =! TAX,N YE> IF "! IS M ?AN "O PREF]R$ B5EFICI>Y "U ! TRU/4 ,H["E1 X IS N ADVANTAGE\S =A TRU/ & XS PREF]R$ B5EFICI>IES 6ELECT AM.TS 9 EXCESS (! TRU/'S A3UMULAT+ 9COME 2C ! TRU/'S DEDUC;N IS #AH ,,IT-#CID;,R#B B#D LIMIT$ "U SUBSEC;N #AJD7#AB7 6! TRU/'S A3UMULAT+ 9COME 7SEE P>AGRAPH #AG 2L74 #AF4 ,A B5EFICI>Y "U A TRU/ 9CLUDES A P]SON B5EFICI,Y 9T]E/$ 9 ! TRU/ 7SEE SUBSEC;N #AJH7#A77 & B5EFICI,Y 9T]E/$ IS DEF9$ 9 SUBSEC;N #BDH7#BE7 69CLUDE A P]SON :O HAS ANY "R :E!R IMM OR FUTURE1 :E!R ABSOLUTE OR 3T+5T OR :E!R 3DI;NAL ON OR SUBJECT 6! EX]CISE ( ANY 4CRE;N>Y P[] 0ANY P]SON OR P]SONS 6RCV ANY (! 9COME OR CAPITAL (! TRU/4 ,3SEQU5TLY1 ALL B5EFICI>IES 79COME B5EFICI>IES & CAPITAL B5EFICI>IES7 :O >E PREF]R$ B5EFICI>IES "U A TRU/ 7Z DEF9$ 9 P>AGRAPH #C ABV7 WD G5],Y 2 5TITL$ 6ELECT "U SUBSEC;N #AJD7#AD74 ,Z NOT$ 9 P>AGRAPH #AC ABV1 ! ONLY EXCEP;N IS A PREF]R$ B5EFICI>Y :O HAS A "R 9 ! TRU/'S A3UMULAT+ 9COME T IS SOLELY 3T+5T ON ! D1? ( ANO!R B5EFICI>Y :O HAS A CAPITAL 9T]E/ B DOES N H AN 9COME 9T]E/ 9 ! TRU/4 #AI ,DEDUC;N 9 ,-PUT+ ,TRU/'S C#D ,9COME #AG4 ,! TOTAL ( ALL AM.TS ELECT$ "U SUBSEC;N #AJD7#AD7 =A TAX,N YE> MAY 2 DEDUCT$ 9 -PUT+ A TRU/'S 9COME =! TAX,N YE> 0VIRTUE ( SUBSEC;N #AJD7#AB7 6! EXT5T X DOES N EXCE$ ! TRU/'S A3UMULAT+ 9COME =! TAX,N YE> 7SEE P>AGRAPH #AE ABV74 ,ELEC;N #AH4 ,0VIRTUE ( SEC;N #BHJJ (! ,REGUL,NS1 A PREF]R$ B5EFICI>Y ELEC;N "U SUBSEC;N #AJD7#AD7 M/ 2 FIL$ )! ,M9I/] )9 #IJ "DS F ! 5D (! TRU/'S TAX,N YE> = : ! ELEC;N IS MADE4 ,! ELEC;N M/ 3SI/ (! FOLL[+ DOCU;TS3 7A7 ,A /ATE;T MAK+ ! ELEC;N =! TRU/'S TAX,N YE>1 /AT+ ! "P (! A3UMULAT+ 9COME ON : ! ELEC;N IS 2+ MADE1 & SIGN$ 0BO? ! PREF]R$ B5EFICI>Y &A TRU/EE HAV+ ! AU?OR;Y 6MAKE ! ELEC;N2 & #BJ ,,IT-#CID;,R#B D#D 7B7 ,A /ATE;T SIGN$ 0! PREF]R$ B5EFICI>Y 9DICAT+ ! B5EFICI>Y'S SOCIAL 9SUR.E NUMB]1 8 OR H] REL,N%IP 6! SETTLOR (! TRU/ & :E!R 7;I7 ! B5EFICI>Y IS CLAIM+ A 4ABIL;Y TAX CR$IT 7SEE P>AGRAPH #C7A77;I7 ABV72 7;II7 A SUPPORT+ 9DIVIDUAL IS CLAIM+ A 4ABIL;Y TAX CR$IT =! B5EFICI>Y 7IF YES1 PROVIDE ! "N1 A4RESS & SOCIAL 9SUR.E NUMB] (! SUPPORT+ 9DIVIDUAL72 OR 7;III7 ! B5EFICI>Y IS #AH YE>S ( AGE OR OLD]1 & 9 ! B5EFICI>Y'S TAX,N YE> : 5DS 9 ! TRU/'S TAX,N YE>1 ANO!R 9DIVIDUAL C CLAIM A DEP5DANT TAX CR$IT =! B5EFICI>Y1 OR CD CLAIM ! DEP5DANT TAX CR$IT IF ! B5EFICI>Y'S 9COME IS CALCULAT$ 2F 9CLUD+ ! 9COME F ! PREF]R$ ELEC;NS 7IF YES1 PROVIDE A /ATE;T F ! DOCTOR1 OPTOMETRI/ OR AUDIOLOGI/ 3FIRM+ ! B5EFICI>Y'S 9FIRM;Y 9 ! F/ YE> ! CLAIM IS MADE74 #BA ,,IT-#CID;,R#B E#D #AI4 ,9 _M CASES1 ! PREF]R$ B5EFICI>Y "U ! TRU/ MAY N H ! CAPAC;Y 6SIGN ! /ATE;TS REQUIR$ ABV 7E4G4 A M5T,Y 9FIRM *74 ,9 S* CASES1 ! ,M9I/] W A3EPT AN ELEC;N T IS SIGN$ ON 2HALF (! B5EFICI>Y 0! LEGAL GU>DIAN (! B5EFICI>Y'S PROP]TY 7IN MO/ CASES1 ! B5EFICI>Y'S P>5T74 #BJ4 ,Z NOT$ 9 P>AGRAPH #AH ABV1 A /ATE;T MAK+ ! ELEC;N M/ 2 SIGN$ 0A TRU/EE HAV+ ! AU?OR;Y 6MAKE ! ELEC;N2 ?US ONLY "O SIGNATURE IS REQUIR$4 ,IF ! TRU/ IS GOV]N$ 0M ?AN "O TRU/EE1 ! TRU/EE SIGN+ ! ELEC;N M/ D S )! 3S5T & AU?ORIZ,N (! O!R TRU/EES4 ,3SEQU5TLY1 ! SIGN+ TRU/EE M/ 2 SU6ICI5TLY AU?ORIZ$ 6B9D ! TRU/4 #BA4 ,IF "! IS M ?AN "O PREF]R$ B5EFICI>Y "U A TRU/1 X IS N NEC T ALL (! PREF]R$ B5EFICI>IES ELECT =A TRU/'S TAX,N YE>4 ,AL1 "! IS NO NE$ =A PREF]R$ B5EFICI>Y 6BE 3SI/5T 9 ELECT+ OR N ELECT+ F "O TAX,N YE> 6! NEXT4 ,X IS N NEC T ! ELECT$ AM.T 9 #BB ,,IT-#CID;,R#B F#D RESPECT (A PREF]R$ B5EFICI>Y EI 2 ULTIMATELY PAYA# 6! PREF]R$ B5EFICI>Y OR 2 PD 6ANY PREF]R$ B5EFICI>Y4 ,F9,Y1 X IS N NEC T ! ELECT$ AM.T 2 ULTIMATELY PAYA# 6A B5EFICI>Y :O HAS AN 9COME 9T]E/ 9 ! TRU/4 --------------------------------------#E #BB4 ,IF AN ELEC;N IS FIL$ LATE =A TRU/'S TAX,N YE>1 ! ,DE"P;T W TAX ! A3UMULAT+ 9COME 9 ! TRU/ 7SEE AL P>AGRAPH #BC 2L = LATE1 AM5D$ OR REVOK$ ELEC;NS74 ,LATE1 ,AM5D$ OR ,REVOK$ ,ELEC;N #BC4 ,9 LIMIT$ CIRCUM/.ES 7G5],Y ^? 2Y ! 3TROL (! TRU/EE &! B5EFICI>Y71 LATE1 AM5D$ OR REVOK$ PREF]R$ B5EFICI>Y ELEC;NS >E P]MITT$ IF ! TRU/EE &! PREF]R$ B5EFICI>Y APPLY 6! ,M9I/] &! ,M9I/] EXT5DS ! "T = MAK+ ! ELEC;N OR GRANTS P]MIS.N 6AM5D OR REVOKE ! ELEC;N4 7,SEE ! CURR5T V].N ( ,9=M,N ,CIRCUL> #IB-A1 ,GUIDEL9ES = #BC ,,IT-#CID;,R#B A#E ,A3EPT+ ,LATE1 ,AM5D$ OR ,REVOK$ ,ELEC;NS47 #BD4 ,A LATE1 AM5D$ OR REVOK$ PREF]R$ B5EFICI>Y ELEC;N IS SUBJECT 6A P5ALTY ( 4#AJJ = EA* -PLETE MON? F ! DUE DATE (! ELEC;N 6! DATE (! REQUE/ 6A MAXIMUM ( 4#H1JJJ4 ,ATTRIBU;N ,RULES #BE4 ,IF ! PREF]R$ B5EFICI>Y IS ! SP\SE (! SETTLOR OR A * "U ! AGE ( #AH YE>S1 APPLIC,N (! ATTRIBU;N RULES 7SEC;NS #GD.A 6#GD.E7 MAY RESULT 9 "S OR ALL (! ELECT$ AM.T 2+ DEEM$ 6BE 9COME (! SETTLOR OR "S O!R P]SON :O TRANSF]R$ OR LOAN$ PROP]TY 6! TRU/4 ,REF] 6! CURR5T V].NS ( ,9T]PRET,N ,BULLET9S ,,IT-#EAJ1 ,TRANSF]S & ,LOANS ( ,PROP]TY ,MADE ,AF ,MAY #BB1 #AIHE 6A ,RELAT$ ,M9OR1 & ,,IT-#EAA1 ,9T]SP\SAL & ,C]TA9 ,O!R ,TRANSF]S & ,LOANS ( ,PROP]TY1 ON ? SUBJECT4 ,AL1 9 SITU,NS ": SUBSEC;N #GE7#B7 APPLIES 7SEE #BD ,,IT-#CID;,R#B B#E ! CURR5T V].N ( ,9T]PRET,N ,BULLET9 ,,IT-#CFI1 ,ATTRIBU;N ( ,TRU/ ,9COME 6,SETTLOR71 9COME (! TRU/ IS ATTRIBUT$ 6! SETTLOR OR "S O!R P]SON :O TRANSF]R$ PROP]TY 6! TRU/1 REG>D.S ( ANY PREF]R$ B5EFICI>Y ELEC;N MADE 9 RESPECT ( S* 9COME4 ,F9,Y1 DEP5D+ ON ! FACTS (! SITU,N1 SUBSEC;N #EF7#D.A7 (! ,ACT MAY APPLY 6ATTRIBUTE "S OR "P (! ELECT$ AM.T BACK 6! SETTLOR OR "S O!R P]SON4 --------------------------------------#F ,EXPLAN,N ( ,*ANGES ,9TRODUC;N ,! PURPOSE (! ,EXPLAN,N ( ,*ANGES IS 6GIVE ! R1SONS =! REVI.NS 6AN 9T]PRET,N BULLET94 ,X \TL9ES REVI.NS T WE H MADE Z A RESULT ( *ANGES 6! LAW1 Z WELL Z *ANGES REFLECT+ NEW OR REVIS$ DE"P;TAL 9T]PRET,NS4 #BE ,R1SONS =! ,REVI.N A#F ,? BULLET9 HAS BE5 REVIS$ 2C ( AM5D;TS 6! ,9COME ,TAX ,ACT T 7 5ACT$ 0! FIF? ,SUPPLE;T 6! ,REVIS$ ,/ATUTES ( ,CANADA1 #AIHE2 ,S4,C4 #AIID1 C4#G 7=M]LY ,BILL ;,C-#AE71 ,S4,C4 #AIIF1 C4#BA 7=M]LY ,BILL ;,C-#CF7 & ,S4,C4 #AIIH1 C4#AI 7=M]LY ,BILL ;,C-#BH74 ,! -;TS 9 ? BULLET9 >E N A6ECT$ 0ANY DRAFT LEGISL,N REL1S$ 2F ,M>* #BE1 #AIII4 ,LEGISLATIVE & ,O!R ,*ANGES ,P>AGRAPH #A 7REPLAC+ =M] P>AGRAPH #A7 IS REVIS$ 6REFLECT AN AM5D;T 6SUBSEC;N #AJD7#AD7 T TOOK E6ECT = TRU/S' TAX,N YE>S T 2G9 AF #AIIE4 ,! AM5D;T REPLAC$ ! REF];E TO 8! PREF]R$ B5EFICI>Y'S %>E "!90 0A REF];E TO 8! ALLOCA# AM.T =! PREF]R$ B5EFICI>Y 9 RESPECT (! TRU/40 7,SEE AL EXPLAN,N = P>AGRAPHS #AC 6#AF 2L74 ,P>AGRAPH #B 7REPLAC+ =M] P>AGRAPH #E7 IS REVIS$ 6REFLECT /RUCTURAL #BF ,,IT-#CID;,R#B B#F *ANGES 9 ! REVIS$ ,ACT 6! DEF9I;NS 9 SEC;N #AJH4 ,! DEF9I;NS 8PREF]R$ B5EFICI>Y10 8SETTLOR10 & 8TRU/0 7 REMOV$ F P>AGRAPHS 7G71 7H7 & 7J7 (! ,ACT1 RESPECTIVELY1 & 9/1D PLAC$ 7AL;G ) O!R DEF9I;NS7 9 ALPHABETICAL ORD] 9 SUBSEC;N #AJH7#A74 ,^! *ANGES 9 ! REVIS$ ,ACT >E REFLECT$ 9 ? P>AGRAPH & AL 9 P>AGRAPH #C & P>AGRAPH #E 7: REPLACE =M] P>AGRAPH #I & P>AGRAPH #AJ RESPECTIVELY74 ,P>AGRAPHS #C & #D 7REPLAC+ =M] P>AGRAPH #F7 REFLECT AN AM5D;T 6! DEF9I;N 8PREF]R$ B5EFICI>Y0 9 SUBSEC;N #AJH7#A7 T TOOK E6ECT = TRU/S' TAX,N YE>S T 2G9 AF #AIIE4 ,? AM5D;T 6! DEF9I;N 0 MADE Z A 3SEQU;E (! ELIM9,N (! PREF]R$ B5EFICI>Y ELEC;N EXCEPT ) RESPECT 6B5EFICI>IES 5TITL$ 6! 4ABIL;Y TAX CR$IT "U SUBSEC;N #AAH.C7#A74 ,P>AGRAPHS #C & #D AL REFLECT FUR!R AM5D;TS 6! DEF9I;N : TOOK E6ECT = TRU/S' TAX,N YE>S T 5D AF #AIIF4 ,^! FUR!R *ANGES F/ BROAD5$ ! DEF9I;N 69CLUDE C]TA9 ADULTS :O >E DEP5D5T ON O!RS #BG ,,IT-#CID;,R#B C#F 0R1SON ( M5TAL OR PHYSICAL 9FIRM;Y4 ,^! *ANGES AL PROVID$ T ! B5EFICI>Y'S 5TITLE;T 6! 4ABIL;Y TAX CR$IT "U SUBSEC;N #AAH.C7#A7 IS SATISFI$ ": ! B5EFICI>Y IS 5TITL$ 6X =! B5EFICI>Y'S TAX,N YE> T 5DS 9 ! TRU/'S TAX,N YE> 7& N =! B5EFICI>Y'S TAX,N YE> 9 : ! TRU/'S TAX,N YE> 5DS74 ,NEW P>AGRAPH #G HAS BE5 A4$ 6! BULLET9 6DEF9E ! T]M 8SP\SE (! SETTLOR0 : IS RELEVANT 9 DET]M9+ :E!R A B5EFICI>Y IS A PREF]R$ B5EFICI>Y =! PURPOSE (! PREF]R$ B5EFICI>Y ELEC;N4 ,! DEF9I;N REFLECTS *ANGES : TOOK E6ECT =! #AIIC & SUBSEQU5T TAX,N YE>S4 ,! *ANGES EXT5D$ ! DEF9I;N 6-MON-LAW C\PLES & 5SUR$ T ONLY A NATURAL OR AN ADOPT$ * IS 3SID]$ =! PURPOSE ( T DEF9I;N4 ,P>AGRAPHS #H 6#AJ 7REPLAC+ =M] P>AGRAPH #AA7 REFLECT AM5D;TS MADE 6! DEF9I;N 8A3UMULAT+ 9COME0 9 SUBSEC;N #AJH7#A7 Z X HAS BE5 AM5D$ F "T 6"T S9CE ,JULY #AD1 #AIHI4 ,9 P>AGRAPH #AJ1 REF];ES 6! TRU/ DESCRIB$ 9 ! #BH ,,IT-#CID;,R#B D#F SECOND & ?IRD BULLETS 7 A4$ 6! SUBSEC;N #AJH7#A7 DEF9I;N ( 8A3UMULAT+ 9COME0 =! #AIIA & SUBSEQU5T TAX,N YE>S4 ,NEW P>AGRAPH #AA HAS BE5 A4$ 6! BULLET9 6REFLECT ANO!R *ANGE MADE 6! DEF9I;N 8A3UMULAT+ 9COME0 =! #AIIA & SUBSEQU5T TAX,N YE>S T EXCLUD$ F ! DEF9I;N AM.TS PD F A NET 9COME /ABILIZ,N A3.T 9 "S CIRCUM/.ES4 ,NEW P>AGRAPH #AB HAS AL BE5 A4$ 6! BULLET9 6DESCRIBE RULES T TOOK E6ECT = TRU/S' TAX,N YE>S T 5D AF ,JULY #AI1 #AIIE4 ,! F/ BULLET REFLECTS A *ANGE MADE 6! DEF9I;N 8A3UMULAT+ 9COME0 T 5SUR$ MAXIMUM DEDUC;N "U SUBSEC;N #AJD7#F7 IS CLAIM$ =! PURPOSE (! DEF9I;N4 ,! SECOND BULLET DESCRIBES SPECIAL RULES = PO/-#AIGA SP\SAL TRU/S 7Z DESCRIB$ 9 P>AGRAPH #AJD7#D77A774 ,NEW P>AGRAPHS #AC 6#AF H BE5 A4$ 6! BULLET9 6DESCRIBE ! NEW EXPRES.N 8ALLOCA# AM.T =A PREF]R$ B5EFICI>Y0 9 SUBSEC;N #AJD7#AE7 ALL[+ PREF]R$ B5EFICI>IES 6ELECT ON A NON-PRO #BI ,,IT-#CID;,R#B E#F RATA %>E (! TRU/'S A3UMULAT+ 9COME = TRU/S' TAX,N YE>S T 2G9 AF #AIIE4 ,P>AGRAPH #AG 7REPLAC+ =M] P>AGRAPH #B7 IS REVIS$ Z A 3SEQU;E ( AN AM5D;T 6SUBSEC;N #AJD7#AE7 : TOOK E6ECT = TRU/S' TAX,N YE>S T 2G9 AF #AIIE4 ,! AM5D;T 5SUR$ T ! SUBSEC;N #AJD7#AB7 DEDUC;N IS LIMIT$ 6! TRU/'S A3UMULAT+ 9COME4 ,P>AGRAPH #AH REPLACES & CL>IFIES ! F/ S5T;E 9 =M] P>AGRAPH #C4 ,P>AGRAPH #AH SETS \ ! LI/ ( DOCU;TS REQUIR$ 0! ,M9I/] 6BE FIL$ )A PO/-#AIIEPREF]R$ B5EFICI>Y ELEC;N4 ,P>AGRAPH #AI REPLACES & CL>IFIES ! LA/ S5T;E 9 =M] P>AGRAPH #C4 ,P>AGRAPH #AI CL>IFIES :5 AN ELEC;N IS 3SID]$ VALID 0! ,DE"P;T 9 CASES ": ! B5EFICI>Y _C SIGN ! ELEC;N4 --------------------------------------#G ,NEW P>AGRAPH #BJ HAS BE5 A4$ 6! BULLET9 6CL>IFY :5 AN ELEC;N IS 3SID]$ VALID 0! ,DE"P;T ": "! IS M ?AN "O TRU/EE 5TITL$ 6MAKE ! ELEC;N4 #CJ ,,IT-#CID;,R#B A#G ,NEW P>AGRAPH #BB HAS BE5 A4$ 6! BULLET9 6CL>IFY ! TAX 3SEQU;ES : G5],Y >ISE F A LATE FIL+ (A PREF]R$ B5EFICI>Y ELEC;N4 ,NEW P>AGRAPHS #BC & #BD H BE5 A4$ 6! BULLET9 6DESCRIBE CIRCUM/.ES ": LATE1 AM5D$ OR REVOK$ ELEC;NS C 2 MADE4 ,P>AGRAPH #BE 7REPLAC+ =M] P>AGRAPH #BB7 IS REVIS$ 6ADD A REF];E 6SUBSEC;N #EF7#D.A7 Z ? RULE MAY APPLY 9 "S CASES ": ! ATTRIBU;N RULES 9 SEC;NS #GD.A 6#GD.E OR SUBSEC;N #GE7#B7 D N APPLY4 ,=M] P>AGRAPH #I IS C.ELL$ 9 ! NEW BULLET9 Z X IS CLE> 9 LAW 7S9CE ! AM5D;T 6! DEF9I;N 8PREF]R$ B5EFICI>Y0 9 SUBSEC;N #AJH7#A7 : TOOK E6ECT = TRU/S' TAX,N YE>S T 2G9 AF #AIIE7 T A TRU/ _C QUALIFY Z S*4 ,=M] P>AGRAPHS #AB 6#BA >E 4CONT9U$ 9 ! NEW BULLET9 Z !Y H NO BASIS 9 LAW = TRU/S' TAX,N YE>S T 2G9 AF #AIIE4 ,9 A4I;N 6! *ANGES DESCRIB$ ABV1 O!R *ANGES 9 ! NEW BULLET9 9CLUDE3 #CA ,,IT-#CID;,R#B B#G --! 4CONT9U.E (! 4CUS.N ( MATT]S T >E 3SID]$ 6BE \TSIDE ! SCOPE (! BULLET92 & --CL>IFIC,N *ANGES1 9CLUD+ *ANGES 9 ^W+ &! PROVI.N ( A4I;NAL 9=M,N4 #CB