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

          ,9t]pret,n ,bullet9
    
,subject3 ,9come ,tax ,act
  ,busi;s ,transac;ns ,prior 6,9corpor,n
,numb]3 ,,it-#ded
,date3 ,augu/ #aa1 #aihj
,ref];e3 ,subsec;n #i7#a7

#a4 ,": a busi;s is -m;ed or pur*as$
  0p]sons )! 9t5;n t x w 2 c>ri$ on 0a
  corpor,n1 x (t5 happ5s t ! -m;e;t or !
  pur*ase (! busi;s1 & relat$ transac;ns
  9clud+ transac;ns prior 6! -m;e;t (
  busi;s1 o3ur 2f ! actual date (
  9corpor,n4 ,2c ! corpor,n does n exi/
  9 law 2f ! date ( 9corpor,n1
  transac;ns o3urr+ 2f ! 9corpor,n date
  c n1 leg,y1 2 a3.t$ = 0! corpor,n
  except z 4cuss$ 9 #b 2l4
#b4 ,! ,canada ,busi;s ,corpor,ns ,act
  7& c]ta9 prov9cial ,corpor,ns ,acts1
  9clud+ ^? ( ,ont>io1 ,manitoba &    #a
               ,,it-#ded             a#a
  ,saskat*ewan7 provide t a corpor,n
  may1 )9 a r1sona# "t af x -es
  96exi/;e1 adopt any writt5 3tract made
  9 xs "n or on xs 2half 2f x -es
  96exi/;e4 ,^u s* adop;n1 ! corpor,n is
  b.d 0! 3tract & is 5titl$ 6! b5efits
  "!( z if x _h be5 9 exi/;e at ! date
  (! 3tract & _h be5 a "py "!to4 ,!
  p]son :o 5t]$ 96! 3tract on !
  corpor,n's 2half 7! promot]7 c1ses 6be
  b.d 0! 3tract or 5titl$ 6! b5efits
  "!(1 un.s a "py 6! 3tract su3ess;lly
  applies 6a c\rt = an ord] fix+
  oblig,ns or liabil;y "u ! 3tract 6!
  promot]4 ,a corpor,n subject 6?
  legisl,n %d -m;e 6a3.t = transac;ns "u
  s* a 3tract f ! "t at : ! 3tract is
  adopt$ 0x & %d 9 t ye> a3.t = any
  b5efits or co/s >is+ f ! 3tract prior
  6t "t4 ,any b5efits previ\sly rcvd 0!
  promot] %d 2 recov]$ 0! corpor,n1 &
  any co/s 9curr$ 0! promot] %d 2
  reimburs$4
                                      #b
               ,,it-#ded             b#a
#c4 ,9 respect (! o!r jurisdic;ns1 : h n
  5act$ legisl,n simil> 6t describ$ 9 #b
  abv1 ! ,de"p;t w norm,y a3ept ! a3.t+
  = pre-9corpor,n transac;ns 0a newly
  =m$ corpor,n if ! foll[+ 3di;ns >e
  met3
  7a7 ,! facts cle>ly 9dicate t x is !
    9t5;n ( ^? p]sons :o au?orize !
    transac;ns 9 ! situ,ns describ$ abv
    t ! busi;s w 2 c>ri$ on 0a corpor,n4
    ,? w usu,y 2 s ": applic,n =
    9corpor,n is made 2f or at ! "t !
    busi;s is -m;ed or pur*as$4
--------------------------------------#b
  7b7 ,! p]iod ( "t 2t ! -m;e;t or
    pur*ase date &! 9corpor,n date is
    relatively %ort or1 if n1 ! delay is
    n due 6any ac;n tak5 or n tak5 0!
    "pies 9volv$4
  7c7 ,"! is no 4pute 2t ! p]sons
    au?oriz+ ! transac;ns &! newly =m$
    corpor,n z 6:o w a3.t =! transac;ns4
  7d7 ,! e6ect on ! -b9$ tax liabilities
    (! "pies 9volv$ is negligi#1 &    #c
               ,,it-#ded             a#b
  7e7 ,! corpor,n adopts any writt5
    3tract made 9 xs "n or on xs 2half
    2f x came 96exi/;e 9 respect (! pre-
    9corpor,n transac;ns x is a3.t+ =4
#d4 ,! -;ts 9 ,,it-#cfd w apply
  6exp5ditures 9curr$ prior 6! -m;e;t (
  busi;s ": ! ,de"p;t a3epts ! a3.t+ 0!
  newly =m$ corpor,n = pre-9corpor,n
  transac;ns4
#e4 ,not)/&+ ! -;ts 9 #c abv1 ! ,de"p;t
  w n a3ept ! a3.t+ = pre-9corpor,n
  transac;ns 9 ! corpor,n ": !
  proprietor or ! "pn]s ( an exi/+
  busi;s 9corporate1 except ": !y
  9corporate a newly acquir$ busi;s4
#f4 ,taxpay]s %d n assume t ! ,de"p;t w
  automatic,y a3ept pre-9corpor,n
  transac;ns c>ri$ \ 9 ! circum/.es
  describ$ 9 #c abv z 2+ transac;ns (!
  newly =m$ corpor,n4 ,t det]m9,n c only
  2 made af all ! facts >e "kn & af all
  (! relevant returns h be5 fil$ &
  exam9$4
                                      #d