税务信息

税务信息

威尼斯电玩城手游公司和横加管道有限公司, 就所得税法(加拿大)而言, 以及任何类似的省或地区立法, each designate that all dividends paid by 威尼斯电玩城手游 Corporation or TransCanada PipeLines Limited respectively, 12月后. 31, 2005, to be "eligible dividends" unless otherwise notified by 威尼斯电玩城手游 Corporation or TransCanada PipeLines Limited. An eligible dividend paid to a Canadian resident is entitled to the enhanced dividend tax credit.

股息 paid by 威尼斯电玩城手游 to shareholders outside Canada are subject to Canadian non-resident withholding tax. The general rate is 15 per cent for the investors resident in the United States and other countries where Canadian tax treaties apply.

有效的简. 1, 2018, 美国国税局(IRS)规定，向美国人(包括外国居民)支付股息或利息的某些外国支付者，须扣留并向国税局支付此类款项的24%(从31%减少)(“备用扣缴”)。. This Backup Withholding is in addition to the non-resident tax rate of 15 per cent required under Canadian law. Residents of non-treaty countries are subject under Canadian law to a 25 per cent withholding tax on dividends.

• 1998年美国股东所得税资料 (14kb, pdf)
  (包括普通股息收入, 降低威尼斯电玩城手游普通股的税基, 资本利得信息.)


• 联合管理资料通告(5/98) (1mb, PDF)(有关1998年7月2日合并的信息.)

回复:1998年7月2日确定股份的公平市场价值

As was stated in the Canadian income tax section set out on pages 66 - 70 of the 联合管理资料通告 dated May 19, 1998年(“联合资料通告”), 某些股份的公平市场价值的确定与NOVA和TransCanada的股东在确定协议计划(“计划”)中所述交易的加拿大所得税后果相关。, 于7月2日生效, 1998.

All capitalized terms not otherwise defined herein have the same meanings as set out in the Joint Information Circular. Revenue Canada may accept a number of different approaches in valuing shares of a public company at a particular time.

供参考, NOVA和TransCanada目前正在计划各自的加拿大税务申报，以参考在多伦多证券交易所交易的十天加权平均价格来确定公开交易股票的公平市场价值.

Based on a valuation approach derived from the use of ten day weighted average prices, 公平市场价值为:

NOVA普通股(合并前)	$16.90
横加公司普通股	$32.50
NOVA Common Share (post-merger) (referred to in the Joint Information Circular as a NOVA Chemicals Common Share)	$27.85

使用这种评估方法，

1. 出售NOVA普通股的收益为16美元.90;
2. The cost of a 横加公司普通股 received by a NOVA Common Shareholder was initially $32.50;
3. For purposes of calculating the cost of a TransCanada common share (referred to in the Joint Information Circular as an EnergyCo. 普通股)在计划生效后立即支付5美元.57 ( .2 of $27.85 to reflect the 1 for 5 share consolidation) must be deducted from the adjusted cost base otherwise determined of each 横加公司普通股;
4. The cost of a NOVA common share (post-merger) (referred to in the Joint Information Circular as a NOVA Chemicals Common Share) was $27.85.

The above information is being provided in light of numerous requests received by both companies from Canadian shareholders. 本函无意取代联合信息通告中对税务后果的描述，也不应被解释为合法, 业务, 向任何特定股东提供税务或估值建议. 相应的, shareholders should consult their own advisors as to the tax consequences to them of the Plan in their circumstances, particularly if a shareholder wishes to consider adopting a different valuation approach.

除上述内容外, 如联合信息通告第68页所述，NOVA将向其股东发送T5所得税报告单，以报告因现金支付(和取消)部分股份权益而产生的视同股息.如果你对上述任何内容有任何疑问, 请致电NOVA 1-800-522-1721或TransCanada 1-800-361-6522.

回复:1998年7月2日确定股份的公平市场价值

5月19日联合管理信息通告中描述的涉及NOVA公司(“NOVA”)和威尼斯电玩城游戏下载(“TransCanada”)的安排计划(“计划”), 一九九八年(“联合资料通告”)已于七月二日生效, 一九九八年(“生效日期”). 如美国所得税部分所述, 载于联合资料通告第70至75页, the fair market value of a common share of NOVA on the Effective Date after consummation of the Plan (a "NOVA common share" which is referred to in the Joint Information Circular as a NOVA Chemicals Common Share) and the fair market value of a common share of TransCanada without giving effect to the distribution of the NOVA Common Shares (a "横加公司普通股") is relevant to shareholders of TransCanada and NOVA for purposes of determining certain United States federal income tax consequences to them of the Plan. The purpose of this letter is to provide information regarding estimates of such fair market values.

All capitalized terms not otherwise defined herein have the same meanings as set out in the Joint Information Circular.

The Internal Revenue Service may accept different approaches in valuing shares of a publicly-traded company at a particular time.

根据与美国税务顾问的讨论, we believe that it would be reasonable to use the following amounts (which are expressed in United States dollars) as estimates of fair market value:

横加公司普通股	$22.23
NOVA Common Share (referred to in the Joint Information Circular as a NOVA Chemicals Common Share)	$20.89

TransCanada普通股的公允市场价值是根据7月2日多伦多证券交易所的高点和低点交易价格的简单平均值得出的, 1998. NOVA普通股(在联合信息通告中称为NOVA Chemicals普通股)的估计公平市场价值来自于多伦多证券交易所7月3日的开盘价格, 1998. These amounts were converted to United States dollars based on the mid-day exchange rate in effect on the particular date.

利用这些估计值，

1. The fair market value of the consideration received for a NOVA Common Share was $11.56 ( .52 x $22.23);
2. The initial tax basis in a 横加公司普通股 received by a NOVA Common Shareholder, prior to any adjustment to such tax basis as a result of the distribution of the NOVA Common Shares, 是22美元.23;
3. NOVA和TransCanada普通股股东收到的NOVA普通股(在联合信息通告中称为NOVA化学品普通股)的初始税基为20美元.89.

横加公司打算于1999年2月向美国股东报告NOVA普通股(在联合信息通告中称为NOVA化学品普通股)的公平市场价值部分，该部分应被视为美国联邦所得税的股息.

The above information is being provided in light of numerous requests received by both companies from United States shareholders. 本函无意取代联合信息通告中对税务后果的描述，也不应被解释为合法, 业务, 向任何特定股东提供税务或估值建议. We believe that the use of the trading prices set forth above is a reasonable approach to estimate the fair market values of a 横加公司普通股 and a NOVA Common Share for purposes of determining certain United States federal income tax consequences of the Plan; however, 如上所述, 为此目的可采用其他办法. 相应的, 股东应审查联合资料通告中的美国税务部分，并应就本计划在其特定情况下对其产生的税务后果咨询其自己的顾问, particularly if a shareholder wishes to consider adopting a different valuation approach.

除上述内容外, NOVA将向其美国股东发送NR4补充所得税报告单，用于申报加拿大联邦所得税，如联合信息通告第70页所述，以现金支付代替(和取消)部分股份权益而产生的视同股息和相关非居民预扣税.

如果你对上述任何内容有任何疑问, 请联系NOVA 1-800-522-1721或TransCanada 1-800-361-6522.