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

              ,9come ,tax
          ,9t]pret,n ,bullet9
    
,subject3 ,,special ,,rel1se
  ,r5tal ( ,r1l ,prop]ty 0,9dividual
,numb]3 ,,it-#dcd;,r
,date3 ,july #g1 #aihi

  ,! purpose ( ? ,special ,rel1se is
6reflect *anges 9 ! ,9come ,tax ,act
pursuant 6,s4,c4 #aihf1 c4#f & #aihf1
c4#ee & am5d;ts 6! ,9come ,tax ,regul,ns
z well z 6up-date ref];es 6o!r
,9t]pret,n ,bullet9s4

#a4 ,second>y ref];es %d 2 *ang$ z
  foll[s3
  7a7 delete sec;n #i & subsec;ns
    #gd7#e7 & #abj7#b7 (! ,9come ,tax
    ,act1 &
  7b7 add subsec;ns #i7#a71 #gd7#g7 &
    7#h71 #gd.a7#a7 & 7#b71 &         #a
              ,,it-#dcd;,r           a#a
    p>agraph #gd.e7#c77a7 (! ,9come ,tax
    ,act & subsec;ns #aajj7#aa7 & 7#ae7
    (! ,9come ,tax ,regul,ns4
#b4 ,p>agraph #g is revis$ 6r1d z
  foll[s3
  8#g4 ,! op]ator (a room+ or lodg+
    h\se1 hotel or motel wd norm,y 2
    3sid]$ 6be c>ry+ on a busi;s ":1 9
    a4i;n 6! basic s]vices t relate 6!
    p],n & ma9t5.e (! prop]ty z describ$
    9 #e1 extra s]vices s* z ! supply (
    cl1n+ & maid s]vices1 l95s1 wa%room
    supplies1 d9+ facilities1 etc41 >e
    provid$ =! 3v5i;e & -=t ( gue/s4 ,!
    op]ator (a trail] c\rt or campgr.d
    ": s]vices s* z laundromat1
    cafet]ia1 swimm+ pool1 wa%rooms1
    %[]s1 playgr.d1 etc41 >e provid$ wd
    al 2 3sid]$ 6be c>ry+ on a busi;s4
    ,see1 h["e1 ! -;ts 9 #ah 2l reg>d+ !
    re/ric;ns on ! deduc;n ( capital co/
    all[.e pursuant 6subsec;n #aajj7#aa7
    or 7#ae7 (! ,regul,ns40
                                      #b
              ,,it-#dcd;,r           b#a
#c4 7a7 ,! f/ s5t;e ( p>agraph #aj is
  revis$ 6r1d z foll[s3
    8,= transf]s ( prop]ty 2f ,may #bc1
      #aihe1 subsec;ns #gd7#a7 & #ge7#a7
      provide t any 9come or loss f
      prop]ty transf]r$ ei 6!
      transf]or's sp\se or 6a m9or is
      deem$ 6be 9come or loss (!
      transf]or40
--------------------------------------#b
  7b7 ,! ?ird s5t;e ( p>agraph #aj is
    revis$ 6r1d z foll[s3
    8,": ! sep>,n is pursuant 6a writt5
      sep>,n agree;t1 ! sep>,n m/ 2 ( at
      l1/ twelve mon?s' dur,n -m5c+ f !
      date on : ! writt5 sep>,n agree;t
      0 5t]$ 9to1 b ": ! sp\se c1ses
      6live a"p f ! taxpay] )9 ^? twelve
      mon?s subsec;n #gd7#a7 applies f !
      -m;e;t (! twelve mon? p]iod40
  7c7 ,! la/ s5t;e ( p>agraph #aj is
    revis$ 6r1d3
    87,= m detail$ 4cus.n on subsec;ns
      #gd7#a7 & #ge7#a7 see           #c
              ,,it-#dcd;,r           a#b
      ,,it-#beh;,r#b1 8,transf] (
      ,prop]ty 6a ,sp\se0 &
      ,,it-#bfj;,r1 8,transf] ( ,prop]ty
      6a ,m9or0 &! ,special ,rel1se =
      ea* dat$ ,decemb] #cj1 #aihg470
#d4 ,! h1d+ 8,husb& & ,wife ,"pn]%ip0 is
  delet$ & p>agraph #aa is replac$ )!
  foll[+3
  8#aa4 ,subsec;n #gd.a7#a7 g5],y
    provides t any 9come or loss >is+ f
    prop]ty loan$ or transf]r$ af ,may
    #bb1 #aihe 6or =! b5efit ( ei !
    transf]or's sp\se or a p]son :o has
    s9ce 2come t sp\se is deem$ 6be !
    9come or loss (! transf]or4
    ,subsec;n #gd.a7#a7 does n apply ":
    p>agraph #gd.e7#c77a7 applies1 i4e41
    ": ! transf]or &! sp\se >e liv+
    sep>ate & a"p 0r1son (a br1kd[n ( _!
    m>riage4 ,simil>ly1 subsec;n
    #gd.a7#b7 provides t any 9come or
    loss f prop]ty loan$ or transf]r$ af
  
                                      #d
              ,,it-#dcd;,r           b#b
    ,may #bb1 #aihe 6or =! b5efit (a
    p]son :o is "u #ah ye>s ( age & :o
    7a7 does n d1l )! transf]or at >m's
      l5g?1 or
    7b7 is ! niece or nephew (!
      transf]or
    7in ? p>agraph ref]r$ 6z a 8relat$
    m9or07 is deem$ 6be ! 9come or loss
    (! transf]or4 ,subsec;ns #gd.a7#a7 &
    7#b7 apply only ": ! transf]r$
    prop]ty produces 9come f prop]ty4
    ,nei ( ^! subsec;ns apply ": ! loan$
    or transf]r$ prop]ty produces busi;s
    9come4 ,?us ": a r5tal op],n t
    3/itutes a busi;s is transf]r$ 6a
    sp\se or a relat$ m9or1 nei subsec;n
    #gd.a7#a7 nor 7#b7 w apply4 ,=a m
    detail$ 4cus.n (! attribu;n rules =
    prop]ty t has be5 loan$ or transf]r$
    af ,may #bb1 #aihe1 see ,,it-#eaj
    8,transf]s & ,loans ( ,prop]ty made
    af ,may #bb1 #aihe 6a ,relat$ ,m9or0
    & ,,it-#eaa 8,9t]sp\sal ,transf]s &
                                      #e
              ,,it-#dcd;,r           c#b
    ,loans ( ,prop]ty made af ,may #bb1
    #aihe040
#e4 ,9 p>agraph #ae1 *ange ! ref];e to
  8,,it-#aga0 6a ref];e to
  8,,it-#aga;,r04
--------------------------------------#c
#f4 ,9 p>agraph #af1 *ange ! ref];e to
  8,,it-#cic0 6a ref];e to
  8,,it-#cic;,r04
#g4 ,p>agraph #ah is revis$ 6r1d z
  foll[s3
  8#ah4 ,:e!r ! r5t+ ( r1l prop]ty 0an
    9dividual is a busi;s or n1 !
    deprecia# prop]ty may 2 3sid]$ 6be a
    8r5tal prop]ty0 or a 8l1s+ prop]ty0
    =! purposes (! capital co/ all[.e
    re/ric;ns 3ta9$ 9 subsec;n
    #aajj7#aa7 or #aajj7#ae7 (!
    ,regul,ns4 7,=a detail$ 4cus.n on
    subsec;ns #aajj7#aa7 & #aajj7#ae7 (!
    ,regul,ns1 see ! late/ v].ns (
    ,,it-#aie1 8,r5tal ,prop]ty--
    ,capital ,co/ ,all[.e ,re/ric;ns0 &
                                      #f
              ,,it-#dcd;,r           a#c
    ,,it-#ddc1 8,l1s+ ,prop]ties--
    ,capital ,co/ ,all[.e ,re/ric;ns0470
#h4 ,9 p>agraph #ai1 ! ref];e to
  8,,it-#agb;,r0 %d 2 to 8,,it-#agb;,r
  &! ,special ,rel1se "!to dat$ ,june
  #ac1 #aihf04
#i4 ,9 p>agraph #bj1 a ref];e 6p>agraphs
  #bb 6#bd ( ,,it-#eba 8,motor ,vehicle
  ,exp5ses ,claim$ 0,self-,employ$
  ,9dividuals0 %d 2 a4$4













                                      #g