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

          ,9t]pret,n ,bullet9
    
,subject3 ,9come ,tax ,act
  ,def9i;n ( ,tools
,numb]3 ,,it-#dbb
,date3 ,augu/ #cj1 #aigh
,ref];e3 ,p>agraph #bj7#a77a7 7al
  ,s*$ule ;,b (! ,regul,ns7

  ,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 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    #a
               ,,it-#dbb             a#a
=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$4 ,if "! is a subsequ5t *ange 9
t 9t]pret,n or posi;n &! *ange is
b5eficial 6taxpay]s1 x is usu,y e6ective
= future assess;ts & reassess;ts4 ,if1
on ! o!r h&1 ! *ange is n fav\ra#
6taxpay]s1 x w norm,y 2 e6ective =!
curr5t & subsequ5t tax,n ye>s or =
transac;ns 5t]$ 96af ! date on : ! *ange
is publi%$4
  ,mo/ ( \r public,ns >e availa# on \r
,web site at3 _+www.ccra.gc.ca_:
  ,if y h any -;ts reg>d+ matt]s 4cuss$
9 an ,,it1 pl1se s5d !m to3           #b
               ,,it-#dbb             b#a
  ,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
  
or 0email at ! foll[+ a4ress3
_+bulletin@ccra.gc.ca_:

#a4 ,! purpose ( ? bullet9 is 6\tl9e !
  ,de"p;t's posi;n reg>d+ ! def9i;n (!
  ^w 8tools0 = purposes ( p>agraph 7h7 (
  class #ab (! ,regul,ns4
#b4 ,x is ! ,de"p;t's view t a tool is
  an 9/ru;t ( manual op],n1 t is1 x is
  an 9/ru;t 6be us$ & manag$ 0h& 9/1d (
  2+ mov$ & 3troll$ 0ma*9]y4 ,9 ord] =
  an asset 6be a tool x m/ 2 design$
  6cr1te a physical *ange 9 "s?+ or 6be
  us$ z an 9/ru;t ( m1sure;t or
  manipul,n4 ,examples >e hamm]s1 saws1
  squ>es1 screwdriv]s & h&-held p[]
  tools4                              #c
               ,,it-#dbb             c#a
#c4 ,! fact t an object c 2 mov$ or set
  up 0h& does n1 9 xf1 make x a tool =
  class #ab purposes4 ,?us1 pallets t >e
  mov$ 0lift trucks :5 load$ ) gds1 or
  sca6old+ : is assem#d 0h& & mov$ 0& b
  n 8manu,y us$0 >e n class #ab items4
  ,h["e1 %opp+ c>ts1 metal trays us$ =
  c>ry+ br1d 0h&1 milk crates & returna#
  s(t dr9k cases >e class #ab assets :5
  !y >e capitaliz$4
#d4 ,an asset c 2 a tool 9 a g5]al s5se
  b xs predom9at+ "* may 2 t ( ma*9]y &
  equip;t4 ,?us1 an item s* z a
  typewrit] : mi<t 2 3sid]$ a tool1 is
  prop]ly reg>d$ z ma*9]y & is plac$ 9
  class #h4
#e4 ,! curr5t v].n ( ,9t]pret,n ,bullet9
  ,,it-#afe1 ,returna# ,3ta9]s1 4cusses
  alt]nate tax tr1t;ts (! co/ (
  8returna# 3ta9]s04 7;i7

7;i7 ,modifi$ 0,correc;n ,%eet ,,cs #bd
  dat$ ,april #bj1 #bjja4
                                      #d