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ALLOWANCES & CAPITAL GAINS

Disposal

• the sale, donation, expropriation, conversion, grant,

cession, exchange or any other alienation or transfer of
ownership of an asset;

• the forfeiture, termination, redemption, cancellation,

surrender, discharge, relinquishment, release, waiver,

renunciation, expiry or abandonment of an asset;

• the scrapping, loss, or destruction of an asset;

• the vesting of an interest in an asset of a trust in a

beneficiary;

• the distribution of an asset by a company to a shareholder;

• the granting, renewal, extension or exercise of an option;

• decrease in value of a person’s interest in a company, trust

or partnership as a result of a value shifting arrangement.

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