,canada ,cu/oms #a & ,rev5ue ,ag5cy ,9t]pret,n ,bullet9 ,subject3 ,special ,rel1se ,explor,n & ,develop;t ,exp5ses--,m1n+ ( ,pr9cipal-,busi;s ,corpor,n ,numb]3 ,,it-#djj ,date3 ,janu>y #ai1 #aiij ,ref];e3 ,special rel1se ,,it-#djj is am5d$ z foll[s3 #a4 ,! ref];es >e revis$ 6r1d z foll[s3 8,p>agraph #ff7#ae77h7 7al subsec;ns #ff7#a7 & 7#e7 & #ff.a7#b7 & p>agraphs #ff7#ae77d4#a7 & 7g7 & #bea7#e77b7704 #b4 ,subp>agraph #b7b7 is delet$ = #aigg & subsequ5t tax,n ye>s & replac$ )3 87b7 ,p>agraph #ff7#ae77d4#a7-- ,def9i;n (a 8fl[-"? %>e0 "? : a pr9cipal busi;s corpor,n may ren\nce xs ,canadian explor,n exp5ses1 ,canadian develop;t exp5ses & ,,it-#djj a#a ,canadian oil & gas prop]ty exp5ses 9 fav\r ( hold]s ( s* %>es pursuant 6subsec;ns #ff7#ab.f71 7#ab.fb7 & 7#ab.fd7 ": s* exp5ses >e 9curr$ af ,febru>y #aihf04 #c4 ,subp>agraph #b7c7 is revis$ 6r1d z foll[s3 87c7 ,p>agraph #ff7#ae7g7--,require;t =a 8jo9t explor,n corpor,n0 6be a pr9cipal-busi;s corpor,n4 7,s* a corpor,n may ren\nce xs ,canadian explor,n & develop;t exp5ses1 ,canadian explor,n exp5ses1 ,canadian develop;t exp5ses & ,canadian oil & gas prop]ty exp5ses 9 fav\r ( xs %>ehold] corpor,ns1 pursuant 6subsec;ns #ff7#aj71 7#aj.a71 7#aj.b7 & 7#aj.c774 #d4 ,subp>agraph #b7d7 does n apply 64posi;ns 9 tax,n ye>s -m5c+ af #aihd & is "!=e c.ell$ 9 respect ( ^? tax,n ye>s4 #e4 ,subp>agraph #b7e7 is revis$ 0a4+ a ref];e 6sec;n #ff.d4 ,,it-#djj b#a #f4 ,p>agraph #c is am5d$ 0delet+ 8& 7b70 9 l9es #a & #b4 #g4 ,p>agraph #d is revis$ 6r1d z foll[s3 8#d4 ,6qualify z a pr9cipal-busi;s corpor,n z def9$ 9 p>agraph #ff7#ae77h71 --------------------------------------#b 7a7 ! pr9cipal busi;s op],ns or activities (! corpor,n m/ 2 "o or a -b9,n (! k9d describ$ 9 subp>agraphs 7;i7 to 7;vii7 ( t p>agraph1 or 7b7 all or sub/anti,y all (! assets (! corpor,n m/ 2 %>es (! capital /ock ( "o or m corpor,ns : qualify z pr9cipal-busi;s corpor,ns pursuant to 7a7 abv & : >e relat$ 6! corpor,n o!rwise ?an 0r1son (a "r ref]r$ 6in p>agraph #bea7#e77b740 #h4 ,! ^w 8op],n0 9 l9e #g ( p>agraph #ae is replac$ 0! ^w 8corpor,n04