,canada ,cu/oms                       #a
& ,rev5ue ,ag5cy

          ,9t]pret,n ,bullet9
    
,subject3 ,9come ,tax ,act
  ,4posi;ns ( ,cultural ,prop]ty
  6,designat$ ,canadian ,9/itu;ns
,numb]3 ,,it-#djg;,r#d 7,3solidat$7
,date3 ,see ! 8,bullet9 ,revi.ns0 sec;n
,ref];e3 ,p>agraph #aaj.a7#a77c71
  subp>agraph #ci7#a77a77i4#a71 &!
  def9i;n ( 8total cultural gifts0 9
  subsec;n #aah.a7#a7 7al sec;n #bjg.c1
  subsec;ns #aah.a7#a7 to 7#e71 7#g.a71
  & 7#aj71 & #afa7#aa71 & p>agraphs
  #da7#b77a7 & #ec7#a77n77

,late/ ,revi.n--,p>agraph #ae
  ,at ! ,canada ,cu/oms & ,rev5ue ,ag5cy
7,,ccra71 we issue 9come tax 9t]pret,n
bullet9s 7,,it's7 9 ord] 6provide
te*nical 9t]pret,ns & posi;ns reg>d+
c]ta9 provi.ns 3ta9$ 9 9come tax law4
,due 6_! te*nical nature1 ,,it's >e   #a
             ,,it-#djg;,r#d          a#a
us$ prim>ily 0\r /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 we (f] o!r
public,ns1 s* z tax guides & pamphlets4
  ,:ile ! -;ts 9 a "picul> p>agraph 9 an
,,it may relate 6provi.ns (! law 9 =ce
at ! "t !y 7 made1 s* -;ts >e n a
sub/itute =! law4 ,! r1d] %d1 "!=e1
3sid] s* -;ts 9 li<t (! relevant
provi.ns (! law 9 =ce =! "picul> tax,n
ye> 2+ 3sid]$1 tak+ 96a3.t ! e6ect ( any
relevant am5d;ts 6^? provi.ns or
relevant c\rt deci.ns o3urr+ af ! date
on : ! -;ts 7 made4
  ,subject 6! abv1 an 9t]pret,n or
posi;n 3ta9$ 9 an ,,it g5],y applies z
(! date on : x 0 publi%$1 un.s o!rwise
specifi$4 ,if "! is a subsequ5t *ange 9
t 9t]pret,n or posi;n &! *ange is
b5eficial 6taxpay]s1 x is usu,y e6ective
= future assess;ts & reassess;ts4 ,if1
on ! o!r h&1 ! *ange is n fav\ra#
6taxpay]s1 x w norm,y 2 e6ective =!   #b
             ,,it-#djg;,r#d          b#a
curr5t & subsequ5t tax,n ye>s or =
transac;n 5t]$ 96af ! date on : ! *ange
is publi%$4
  ,x y h any -;ts reg>d+ matt]s 4cuss$ 9
an ,,it1 pl1se s5d !m to3

  ,manag]1 ,te*nical ,public,ns &
    ,projects ,sec;n
  ,9come ,tax ,rul+s ,directorate
  ,policy & ,legisl,n ,bran*
  ,canada ,cu/oms & ,rev5ue ,ag5cy
  ,ottawa ,,on ,k#a;,a #j;,l#e
  
  ,! electronic v].n ( ? docu;t is !
(ficial v].n4








                                      #c
                 ,3t5ts              c#a
    
,applic,n
,summ>y
,4cus.n & ,9t]pret,n
  ,g5]al 7p>agraphs #a-b7
  ,capital ,ga9s & ,losses
    7p>agraphs #c-e7
  ,tax ,cr$its = ,gifts--,9dividuals
    7p>agraphs #f-i7
  ,deduc;n ( ,gifts--,corpor,ns
    7p>agraphs #aj7
  ,g5]al ,applic,n 7p>agraphs #aa-ac7
  ,co/ ( ,appraisal 7p>agraph #ad7
  ,tax 9 ,respect (! ,4posi;n ( ,c]ta9
    ,prop]ty 0,designat$ ,cultural
    ,9/itu;ns 7p>agraphs #ae-af7
,bullet9 ,revi.ns






                                      #d
               ,applic,n             d#a
    
  ,? bullet9 is a 3solid,n (! foll[+3
    --,,it-#djg;,r#d dat$ ,novemb] #g1
      #aiif2 &
    --subsequ5t am5d;ts "!to4 ,= fur!r
      "picul>s1 see ! 8,bullet9
      ,revi.ns0 sec;n ne> ! 5d ( ?
      bullet94
    
                ,summ>y
    
  ,! ,9come ,tax ,act provides fav\ra#
9come tax tr1t;t = 4posi;ns ( c]tifi$
cultural prop]ty 69/itu;ns & public
au?orities designat$ 0! ,m9i/] (
,canadian ,h]itage4 ,? tr1t;t 9cludes a
tax exemp;n = capital ga9s r1liz$ on !
4posi;n (! cultural prop]ties 6^?
designat$ 9/itu;ns &1 :5 ! 4posi;n is
0way (a gift 6^? 9/itu;ns1 ! provi.n (a
tax cr$it or a deduc;n 6donors4
  ,? bullet9 4cusses ! require;ts 6obta9
a cr$it or deduc;n = gifts ( c]tifi$
cultural prop]ty4 ,a c]tifi$          #e
             ,,it-#djg;,r#d          e#a
cultural prop]ty is a prop]ty ( \t/&+
signific.e & n,nal import.e 6,canada1 =
: a c]tificate has be5 issu$ 0!
,canadian ,cultural ,prop]ty ,export
,review ,bo>d4 ,bo? 9dividual &
corporate donors :o h made gifts 9 !
ye>1 or 9 c]ta9 circum/.es 9 ! five
immly prec$+ tax,n ye>s1 >e 5titl$ 6a
tax cr$it or deduc;n4 ,! value ( an
9dividual's gifts is 3v]t$ 6a tax cr$it1
z det]m9$ 0! =mula1 = purposes (
calculat+ 9come tax paya#1 :ile
corporate
--------------------------------------#b
donors obta9 a deduc;n 9 -put+ taxa#
9come4 ,any capital ga9s r1liz$ on !
4posi;n ( c]tifi$ cultural prop]ties
6designat$ cultural 9/itu;ns >e exempt f
9come tax2 h["e1 capital losses >e
deducti# )9 ! normal limits4 ,? bullet9
al 4cusses ! tax tr1t;t =! co/ ( an
appraisal &! tax impos$ 9 ! ev5t t !
gift ( c]tifi$ cultural prop]ty is 4pos$
( 0a designat$ cultural 9/itu;n4      #f
          ,4cus.n & ,9t]pret,n       a#b
    
        ,g5]al 7p>agraphs #a-b7
    
#a4 ,! ,cultural ,prop]ty ,export &
  ,import ,act 7,,cpeia7 3ta9s provi.ns
  65c\rage ! ret5;n ( n,nal tr1sures
  7cultural prop]ty7 )9 ,canada4
  ,taxpay]s >e 5c\rag$ 64pose ( s*
  prop]ty 69/itu;ns or public au?orities
  9 ,canada : >e designat$ "u ! ,,cpeia4
  ,! 9/itu;ns : >e designat$ "u !
  ,,cpeia >e publicly [n$ & e/abli%$ =
  $uc,nal or cultural purposes &1 g5],y1
  63s]ve & exhibit ! prop]ty4
#b4 ,6b5efit f ^! m1sures = tax
  purposes1 a taxpay] :o 4poses (1 or
  proposes 64pose (1 a cultural prop]ty
  m/ obta9 f ! ,canadian ,cultural
  ,prop]ty ,export ,review ,bo>d 7!
  ,review ,bo>d7 a c]tificate e/abli%+ t
  ! prop]ty meets all (! crit]ia set \ 9
  p>agraphs #bi7#c77b7 & 7c7 (! ,,cpeia4
  ,=! purposes (! rules relat+ 6! tax
  tr1t;t (a gift ( cultural prop]ty   #g
             ,,it-#djg;,r#d          b#b
  t is c]tifi$ 0! ,review ,bo>d 7c]tifi$
  cultural prop]ty7 6an 9/itu;n or
  public au?or;y 9 ,canada 7a designat$
  cultural 9/itu;n71 subsec;n
  #aah.a7#aj7 (! ,9come ,tax ,act 7!
  ,act7 provides t ! fair m>ket value (
  an object is deem$ 6be ! fair m>ket
  value det]m9$ 0! ,review ,bo>d4 ,h["e1
  pursuant 6subsec;n #cc.a7#a7 (!
  ,,cpeia1 ": prop]ty has be5 4pos$ ( 0a
  taxpay] 6a designat$ cultural 9/itu;n
  & af xs fair m>ket value has be5
  redet]m9$ 0! ,review ,bo>d1 ! taxpay]
  may app1l ! redet]m9$ am.t 6! ,tax
  ,c\rt ( ,canada4

  ,a copy (! ,canadian ,cultural
  ,prop]ty ,export ,review ,bo>d's
  public,n ,applic,ns = ,c]tific,n (
  ,cultural ,prop]ty = ,9come ,tax
  ,purposes--,9=m,n & ,proc$ures is
  availa# f ! ,secret>iat at ! foll[+
  a4ress3
                                      #h
             ,,it-#djg;,r#d          c#b
  ,?ird floor
  #ae ,$dy ,/reet
  ,hull ,,qc ,k#a;,a #j;,m#e
  ,teleph"o3 7#hai7 #iig-ggfa
  ,fax3 7#hai7 #iig-ggeg
  
        ,capital ,ga9s & ,losses
            7p>agraphs #c-e7
    
#c4 ,pursuant 6subp>agraph
  #ci7#a77a77i4#a7 (! ,act1 "! w 2 no
  capital ga9 f ! 4posi;n 7sale or gift7
  0a taxpay] ( c]tifi$ cultural prop]ty
  6a designat$ cultural 9/itu;n t 0 at !
  "t (! 4posi;n designat$ 0! ,m9i/] (
  ,canadian ,h]itage "u subsec;n #cb7#b7
  (! ,,cpeia4 ,! design,n 0! ,m9i/] (
  ,canadian ,h]itage may 2 made = ei an
  9def9ite or a limit$ p]iod ( "t1 & ei
  g5],y or =a purpose relat$ 6t c]tifi$
  cultural prop]ty4
#d4 ,= 4posi;ns ( c]tifi$ cultural
  prop]ty z a 3sequ;e (! d1? (a taxpay]1
  subp>agraph #ci7#a77a77i4#a7 (!     #i
             ,,it-#djg;,r#d          d#b
  ,act al exempts a capital ga9 result+
  f ! 2que/ (a c]tifi$ cultural prop]ty
  6a designat$ cultural 9/itu;n4 ,!
  4posi;n m/ o3ur )9 ! p]iod 5d+ #cf
  mon?s af ! d1? (! taxpay]4 ,h["e1 if !
  taxpay]'s legal repres5tative applies
  9 writ+ )9 t p]iod 6! ,director (!
  local ,rev5ue ,canada tax s]vices
  (fice1 an ext5.n (! p]iod 6:at is
  3sid]$ r1sona# 9 ! circum/.es may 2
  grant$4
#e4 ,:ile capital ga9s f 4posi;ns (
  c]tifi$ cultural prop]ty >e exempt f
  tax1 a taxpay] w 2 5titl$ 6deduct
  capital losses 9 s* transac;ns )9 !
  limits provid$ 9 ! ,act4 ,if s* losses
  >ise on ! 4posi;n ( p]sonal-use
  prop]ty1 o!r ?an li/$ p]sonal prop]ty1
  !y >e deem$ 6be nil pursuant
  6subp>agraph #dj7#b77g77;iii7 (! ,act4
  ,losses on 4posi;ns ( li/$ p]sonal
  prop]ty c 2 (fset only ag/ ga9s on
  li/$ p]sonal prop]ty o!r ?an c]tifi$
  cultural prop]ty4 ,any ga9         #aj
             ,,it-#djg;,r#d          e#b
  r1liz$ on ! 4posi;n ( c]tifi$ cultural
  prop]ty w n 2 tak5 96a3.t 9 det]m9+ !
  taxpay]'s net ga9 or loss f ! 4posi;n
  ( li/$ p]sonal prop]ty4 7,see ! curr5t
  v].n ( ,,it-#ccb1 ,p]sonal-,use
  ,prop]ty47

        ,tax ,cr$its = ,gifts--
      ,9dividuals 7p>agraphs #f-i7
    
#f4 ,an 9dividual calculat+ tax paya#
  may claim a cr$it1 z det]m9$ 0! =mula
  9 subsec;n #aah.a7#c71 =! value (!
  9dividual's 8total gifts40 8,total
  gifts0 is def9$ 9 subsec;n #aah.a7#a7
  z ! total =! ye> ( 8total ,cr[n
  gifts10 8total cultural gifts10 & 7af
  ,febru>y #bg1 #aiie7 8total ecological
  gifts0 &! less] ( 8total *>ita# gifts0
  & #bj@3p (! 9dividual's net 9come =!
  ye>4 ,subsec;n #aah.a7#c7 provides t !
  tax cr$it is calculat$ 0apply+ ! l[e/
  ,"p ,i tax rate 7#ag@3p7 6! less] (
  4#bjj &! 9dividual's total gifts   #aa
             ,,it-#djg;,r#d          f#b
  =! ye>4 ,6t am.t is a4$ ! hi<e/ ,"p ,i
  tax rate 7#bi@3p7 appli$ 6! por;n (!
  9dividual's total gifts =! ye> 9
  excess ( 4#bjj4 ,2f #aiid1 ! l[e/ ,"p
  ,i tax rate appli$ 6am.ts n 9 excess (
  4#bej &! hi<e/ ,"p ,i tax rate appli$
  6any am.t 9 excess ( 4#bej4

,note3
  ,z "p (! ,m>* #f1 #aiif ,f$]al
  ,budget1 a ,notice ( ,ways & ,m1ns
  ,mo;n 6,am5d ! ,9come ,tax ,act 0 ta#d
  9 ! ,h\se ( ,-mons4 ,! propos$ am5d;ts
  9clude "o : a6ects *>ita# don,ns4 ,if
  ! am5d;t is 5act$ z propos$3
    --! g5]al annual limit on *>ita#
      don,ns z a p]c5tage ( net 9come w
      2 rais$ f #bj@3p 6#ej@3p2
--------------------------------------#c
    --! limit on gifts 09dividuals 9 !
      ye> ( d1? &! prec$+ ye>1 9clud+
      2que/s or legacies1 w 2 rais$ f
      #bj@3p 6#ajj@3p2 &
                                     #ab
             ,,it-#djg;,r#d          a#c
    --! limit ( #ej@3p ( net 9come w 2
      fur!r rais$ 0half (! am.t ( taxa#
      capital ga9s result+ f ! don,n (
      capital prop]ty t >e 9clud$ 9
      calculat+ ! donor's taxa# 9come =!
      ye>4
    
#g4 8,total cultural gifts0 m1ns ! total
  fair m>ket value ( c]tifi$ cultural
  prop]ty gifts made 6a designat$
  cultural 9/itu;n 0! 9dividual 9 ! ye>1
  or 9 any (! five immly prec$+ tax,n
  ye>s1 6! ext5t t ! value ( ^? gifts
  has n be5 us$ 9 det]m9+ a tax cr$it
  deduct$ "u sec;n #aah.a 9 calculat+
  tax paya# "u ,"p ,i =a prior tax,n
  ye>4 ,if a gift is describ$ 9 two or m
  (! categories ( 8total *>ita# gifts10
  8total ,cr[n gifts10 8total cultural
  gifts0 or 8total ecological gifts0
  made af ,febru>y #bg1 #aiie1 x w 2
  3sid]$ 9 ! foll[+ ord]3 a cultural
  gift1 an ecological gift1 a ,cr[n
  gift1 &a *>ita# gift4              #ac
             ,,it-#djg;,r#d          b#c
#h4 ,:5 an 9dividual makes a gift 9 8 or
  h] w ( c]tifi$ cultural prop]ty 6a
  designat$ cultural 9/itu;n1 subsec;n
  #aah.a7#e7 provides t1 = purposes (
  det]m9+ ! tax cr$it "u subsec;n
  #aah.a7#c71 ! gift is deem$ 6h be5
  made 0! 9dividual 9 ! ye> ( d1?4 ,9
  a4i;n1 gifts ( c]tifi$ cultural
  prop]ty made 7or deem$ 6h be5 made7
  0an 9dividual 9 ! ye> ( d1?1 6! ext5t
  t ! value (! gift 0 n appli$ 9 -put+ a
  tax cr$it 9 ! ye> ( d1?1 may 2 s us$ 9
  ! immly prec$+ ye> 0virtue ( subsec;n
  #aah.a7#d71 subject 6! normal limits
  7see p>agraphs #f & #g abv74
#i4 ,if an 9dividual makes a gift 70w or
  o!rwise7 ( prop]ty describ$ 9 !
  def9i;n ( 8total cultural gifts0 t is
  a "w ( >t cr1t$ 0t 9dividual 7! >ti/7
  & t is 9clud$ 9 ! >ti/'s 9v5tory1 !
  >ti/ w 2 deem$1 pursuant 6subsec;n
  #aah.a7#g.a71 6h rcvd proce$s (
  4posi;n equal 6! co/ am.t (! "w ( >t
  6! >ti/4 ,? m1ns t ! >ti/ w 2      #ad
             ,,it-#djg;,r#d          c#c
  5titl$ 6a cr$it "u subsec;n #aah.a7#c7
  bas$ on ! fair m>ket value (! gift1 z
  e/abli%$ 0! ,review ,bo>d1 b w reflect
  nei a pr(it nor a loss on xs 4posi;n 9
  calculat+ 9come f ! >ti/'s busi;s =
  9come tax purposes4

,example
  ,an 9dividual :o is an >ti/ has made
  an elec;n "u subsec;n #aj7#f7 6tr1t
  9v5tory z nil =! purpose ( calculat+
  9come f an >ti/ic 5d1v\r4 ,! 9dividual
  makes a gift (a "w ( >t f 9v5tory :
  falls )9 ! def9i;n ( 8total cultural
  gifts0 9 subsec;n #aah.a7#a71 & : is
  det]m9$ 6h a fair m>ket value (
  4#a1jjj 0! ,review ,bo>d4 ,"u subsec;n
  #aah.a7#g.a71 ! am.t requir$ 6be
  9clud$ 9 ! 9come (! 9dividual w 2 nil4
  ,h["e1 ! fair m>ket value (! gift
  74#a1jjj7 w 2 9clud$ 9 ! 9dividual's
  total cultural gifts =! ye> =! purpose
  ( det]m9+ ! am.t (! tax cr$it 6: !
  9dividual is 5titl$ "u subsec;n    #ae
             ,,it-#djg;,r#d          d#c
  #aah.a7#c74 ,= m 9=m,n on >ti/s
  79clud+ ! situ,n :5 an >ti/ makes a
  gift (a "w ( >t t is n a c]tifi$
  cultural prop]ty71 see ! curr5t v].n (
  ,,it-#ejd1 ,visual ,>ti/s & ,writ]s4

     ,deduc;n ( ,gifts--,corpor,ns
             7p>agraph #aj7
    
#aj4 ,=! purpose ( -put+ taxa# 9come =a
  tax,n ye>1 a corpor,n is 5titl$
  6deduct1 "u p>agraph #aaj.a7#a77c71 !
  fair m>ket value (! a7regate ( gifts (
  c]tifi$ cultural prop]ty made dur+ !
  ye> 6designat$ cultural 9/itu;ns1 un.s
  a deduc;n has alr be5 claim$ =! same
  am.t "u p>agraph #aaj.a7#a77a7 or 7b7
  7*>ita# gifts or gifts 6,h] ,maje/y74
  ,h["e1 ! am.t t may 2 deduct$ "u
  p>agraph #aaj.a7#a77c7 0a corpor,n 9
  respect ( gifts ( cultural prop]ty
  made 9 a tax,n ye> may n exce$ !
  corpor,n's 9come =! ye> t rema9s af !
  deduc;n ( am.ts "u p>agraphs       #af
             ,,it-#djg;,r#d          e#c
  #aaj.a7#a77a7 & 7b74 ,9 a4i;n 62+
  all[$ a deduc;n 9 respect ( gifts made
  9 ! ye>1 a corpor,n is 5titl$ 6deduct
  ^? gifts made 9 ! five immly prec$+
  tax,n ye>s 6! ext5t t !y 7 n deduct$
  "u any provi.n (! ,act 9 -put+ xs
  taxa# 9come 9 a prec$+ tax,n ye>4

      ,g5]al ,applic,n 7p>agraphs
                #aa-ac7
    
#aa4 ,:5 a taxpay] makes a gift (
  c]tifi$ cultural prop]ty1 p>agraph
  #fi7#a77b7 deems ! taxpay] 6h rcvd
  fair m>ket value z proce$s ( 4posi;n
  (! prop]ty4 ,a capital loss cd "!=e
  >ise if ! adju/$ co/ base (! prop]ty 0
  hi<] ?an xs fair m>ket value at ! date
  (! 4posi;n4 ,s* losses w 2 tr1t$ 9 !
  mann] describ$ 9 p>agraph #e abv4
  ,capital ga9s w n 2 tax$1 z expla9$ 9
  p>agraphs #c & #d abv4 ,subject
  6subsec;n #aah.a7#g.a7 7see p>agraph
  #i abv71 "! wd1 h["e1 2 an 9come   #ag
             ,,it-#djg;,r#d          f#c
  9clu.n if ! c]tifi$ cultural prop]ty 7
  a trad+ asset s* z 9v5tory4
#ab4 ,ea* gift ( c]tifi$ cultural
  prop]ty is requir$ 6be evid;ed 0fil+
  bo? ! receipt f ! donee &! c]tificate
  provid$ 0! ,review ,bo>d4
#ac4 ,! gift ( an 8object0 z us$ 9 !
  def9i;n ( 8total cultural gifts0 9
  subsec;n #aah.a7#a7 & 9 p>agraph
  #aaj.a7#a77c7 &! 4posi;n ( an 8object0
  z us$ 9 subp>agraph #ci7#a77a77i4#a7
  ref]s 6! gift & 4posi;n ( all 9t]e/s 9
  ! object4 ,3sequ5tly1 a gift ( an
  9t]e/ 9 an object 79clud+ a residual
  9t]e/7 is n view$ z ! gift ( an
  object4

      ,co/ ( ,appraisal 7p>agraph
                  #ad7
    
#ad4 ,:5 ! prop]ty donat$ 0 a trad+
  asset 6! donor 7= example1 9v5tory71 !
  co/ 6! donor ( an
                                     #ah
             ,,it-#djg;,r#d           #d
  appraisal is deducti# 9 det]m9+ 9come
  6! ext5t t x is r1sona# 9 !
  circum/.es4 ,appraisal co/s 9curr$ 9
  respect ( don,ns ( capital prop]ty >e
  n deducti# 9 det]m9+ 9come s9ce !y >e
  n 9curr$ 6produce 9come f a busi;s or
  f prop]ty4 ,h["e1 p>agraph #ec7#a77n7
  provides t appraisal co/s 9curr$ 9
  3nec;n )1 b prior to1 ! 4posi;n (a
  prop]ty 9cr1se ! donor's adju/$ co/
  base 6! ext5t t s* co/s >e r1sona# 9 !
  circum/.es4

     ,tax 9 ,respect (! ,4posi;n (
      ,c]ta9 ,prop]ty 0,designat$
     ,cultural ,9/itu;ns 7p>agraphs
                #ae-af7
    
#ae4 ,pursuant 6sec;n #bjg.c "u ,"p
  ,,xi4#b (! ,act1 a designat$ cultural
  9/itu;n t 4poses (a c]tifi$ cultural
  prop]ty1 )9 t5 ye>s 7five ye>s1 if !
  prop]ty 0 4pos$ ( prior 6,febru>y #bd1
  #aiih7 (! "t ! prop]ty 0 f/        #ai
             ,,it-#djg;,r#d          a#d
  c]tifi$ 0! ,review ,bo>d & 4pos$ ( 9
  fav\r (a designat$ cultural 9/itu;n1 w
  2 subject 6a special tax equal 6#cj@3p
  (! fair m>ket value (! prop]ty at ! "t
  ( s* 4posi;n1 un.s ! 4posi;n is made
  6ano!r designat$ cultural 9/itu;n4
#af4 ,a designat$ cultural 9/itu;n t
  2comes lia# 9 a tax,n ye> 6pay ! tax
  describ$ 9 p>agraph #ae abv is requir$
  6file1 )9 #ij "ds af ! 5d ( t ye>1 a
  return 9 prescrib$ =m 7,t#iac7 & pay !
  am.t (! tax 6! ,rcvr ,g5]al = ,canada4
  ,if ! return is n fil$ 0! due date or
  ! tax is n pd on "t1 ! designat$
  cultural 9/itu;n is lia# 6a p5alty4 ,9
  a4i;n1 unpd tax be>s 9t]e/ at a
  prescrib$ rate4 ,9 ! ev5t t a p5alty
  is levi$ subsec;n #afa7#aa7 provides =
  9t]e/ 6be *>g$ ^u ! late pay;t (!
  p5alty4



                                     #bj
           ,bullet9 ,revi.ns         b#d
    
  ,s9ce ! issu.e ( ,,it-#djg;,r#d on
,novemb] #g1 #aiif1 "! h be5 no revi.ns
6p>agraphs #a-ad & p>agraph #af4
  ,p>agraph #ae 0 revis$ 6reflect an
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