• Part C

    Use the instructions in this section to work out your capital gain or capital loss if you cannot use Part B.

    The worksheets have been prepared on the basis that you have one parcel of CDIs. If you have more than one parcel of CDIs you will need to use the worksheet for each parcel from which you cancelled CDIs.

    You can chose which parcel or parcels you cancel your CDIs from.

    Capital gain or capital loss on the CDIs cancelled under the return of cash

    Step 1:Work out your capital proceeds for the CDIs that were cancelled under the return of cash as follows:

    number of CDIs cancelled from this parcel under the return of cash

    x

    $1.34585

    ________      x     $1.34585

     =    $

    A

    Step 2: Work out the cost base of your cancelled CDIs as follows:

    number of CDIs cancelled from this parcel
                    under the return of cash                

    number of CDIs in the parcel

    x

    cost base of parcel

    _________     x    $     

       =    $

    B

    Step 3: use the worksheet below to work out your capital gain or capital loss on the CDIs that were cancelled under the return of cash.

    Worksheet 2

    Insert your capital proceeds for CDIs cancelled under the return of cash (from A)

    (a)

    $

    Insert the cost base of your cancelled CDIs (from B)

    (b)

    $

    Subtract (b) from (a). The amount at (c) is:

    • your capital gain if (a) is greater than (b)
    • your capital loss if (a) is less than (b)
    • (c) is zero (0), you have neither a capital gain nor a capital loss.
     

    (c)

    $

    Capital gain or capital loss on the CDIs cancelled under the reduction of investor base

    Step 1: Work out your capital proceeds for the CDIs that were cancelled under the reduction of investor base as follows:

    number of CDIs cancelled from this parcel under the reduction of investor base

    x

    $1.56608

    ___________     x       $1.56608

    =$

    C

    Step 2: Work out the cost base of your cancelled CDIs as follows:

    number of CDIs cancelled from this parcel
          under the reduction of investor base      

    number of CDIs in the parcel

    x

    cost base of parcel

    ___________      x     $

    =$

    D

    Worksheet 3

    Insert your capital proceeds for CDIs cancelled under the reduction of investor base (from C)

    (a)

    $

    Insert the cost base of your cancelled CDIs (from D)

    (b)

    $

    Subtract (b) from (a). The amount at (c) is:

    • your capital gain if (a) is greater than (b)
    • your capital loss if (a) is less than (b).

    If (c) is zero (0) you have neither a capital gain nor a capital loss.

    (c)

    $

    Working out the cost base of your remaining CDIs

    If all of your CDIs in the parcel have been cancelled you do not have to complete Worksheet 4 for that parcel.

    Worksheet 4

    Cost base of parcel before capital reduction

    (a)

    $

    Cost base of cancelled CDIs under the return of cash (from B)

    (b)

    $

    Cost base of cancelled CDIs under the reduction of investor base (from D)

    (c)

    $

    Add (b) and (c). The amount at (d) is the cost base attributable to the cancelled shares.

    (d)

    $

    Subtract (d) from (a). The amount at (e) is the new cost base for the parcel.

    (e)

    $

      Last modified: 06 Oct 2009QC 18161