(p) provide taxpayer information to a police officer (within the meaning assigned by subsection 462.48(17) of the Criminal Code) solely for the purpose of investigating whether an offence has been committed under the Criminal Code, or the laying of an information or the preferring of an indictment, where
	(i) such information can reasonably be regarded as being necessary for the purpose of ascertaining the circumstances in which an offence under the Criminal Code may have been committed, or the identity of the person or persons who may have committed an offence, with respect to an official, or with respect to any person related to that official,
	(ii) the official was or is engaged in the administration or enforcement of this Act, and
	(iii) the offence can reasonably be considered to be related to that administration or enforcement.
	(3) Paragraph 241(4)(o) of the Act, as enacted by subsection (2), applies after this Act receives royal assent to information relating to the 1997 and subsequent taxation years and, for the purpose of subsection 17(2) of the Statistics Act, where such information was collected before this Act receives royal assent, the information is deemed to have been collected at the time at which it is provided to a provincial agency pursuant to paragraph 241(4)(o) of the Income Tax Act, as enacted by subsection (2).
	187. (1) The definition ``transfer pricing capital adjustment'' in subsection 247(1) of the Act is replaced by the following:
``transfer pricing capital adjustment'' « redresse- ment de capital »	``transfer pricing capital adjustment'' of a taxpayer for a taxation year means the total of
	(a) all amounts each of which is
	(i) 1/2 of the amount, if any, by which the adjusted cost base to the taxpayer of a capital property (other than a depreciable property) is reduced in the year because of an adjustment made under subsection (2),
	(ii) 3/4 of the amount, if any, by which the adjusted cost base to the taxpayer of an eligible capital expenditure of the taxpayer in respect of a business is reduced in the year because of an adjustment made under subsection (2), or
	(iii) the amount, if any, by which the capital cost to the taxpayer of a depreciable property is reduced in the year because of an adjustment made under subsection (2); and
	(b) all amounts each of which is that proportion of the total of
	(i) 1/2 of the amount, if any, by which the adjusted cost base to a partnership of a capital property (other than a depreciable property) is reduced in a fiscal period that ends in the year because of an adjustment made under subsection (2),
	(ii) 3/4 of the amount, if any, by which the adjusted cost base to a partnership of an eligible capital expenditure of the partnership in respect of a business is reduced in a fiscal period that ends in the year because of an adjustment made under subsection (2), and
	(iii) the amount, if any, by which the capital cost to a partnership of a depreciable property is reduced in the period because of an adjustment made under subsection (2),
	that
	(iv) the taxpayer's share of the income or loss of the partnership for the period
	is of
	(v) the income or loss of the partnership for the period,
	and where the income and loss of the partnership are nil for the period, the income of the partnership for the period is deemed to be $1,000,000 for the purpose of determining a taxpayer's share of the partnership's income for the purpose of this definition.
	(2) Subsection 247(4) of the French version of the Act is replaced by the following:
Documenta- tion ponctuelle	(4) Pour l'application du paragraphe (3) et de la définition de « arrangement admissible de participation au coût » au paragraphe (1), un contribuable ou une société de personnes est réputé ne pas avoir fait d'efforts sérieux pour déterminer et utiliser les prix de transfert de pleine concurrence ou les attributions de pleine concurrence relativement à une opération ou ne pas avoir pris part à une opération qui est un arrangement admissible de participation au coût, à moins d'avoir à la fois :
	a) établi ou obtenu, au plus tard à la date limite de production qui lui est applicable pour l'année d'imposition ou l'exercice, selon le cas, au cours duquel l'opération est conclue, des registres ou des documents contenant une description complète et exacte, quant à tous les éléments importants, de ce qui suit :
	(i) les biens ou les services auxquels l'opération se rapporte,
	(ii) les modalités de l'opération et leurs rapports éventuels avec celles de chacune des autres opérations conclues entre les participants à l'opération,
	(iii) l'identité des participants à l'opération et les liens qui existent entre eux au moment de la conclusion de l'opération,
	(iv) les fonctions exercées, les biens utilisés ou apportés et les risques assumés dans le cadre de l'opération par les participants,
	(v) les données et méthodes prises en considération et les analyses effectuées en vue de déterminer les prix de transfert, l'attribution des bénéfices ou des pertes ou la participation aux coûts, selon le cas, relativement à l'opération,
	(vi) les hypothèses, stratégies et principes éventuels ayant influé sur l'établissement des prix de transfert, l'attribution des bénéfices ou des pertes ou la participation aux coûts relativement à l'opération;
	b) pour chaque année d'imposition ou exercice ultérieur où se poursuit l'opération, établi ou obtenu, au plus tard à la date limite de production qui lui est applicable pour l'année ou l'exercice, selon le cas, des registres ou des documents contenant une description complète et exacte de chacun des changements importants dont les éléments visés aux sous-alinéas a)(i) à (vi) ont fait l'objet au cours de l'année ou de l'exercice relativement à l'opération;
	c) fourni les registres ou documents visés aux alinéas a) et b) au ministre dans les trois mois suivant la signification à personne ou par courrier recommandé ou certifié d'une demande écrite les concernant.
	(3) Subsection (1) applies to taxation years that end after February 27, 2000 except that, for a taxation year of a taxpayer that includes February 28, 2000 or October 17, 2000, or began after February 28, 2000 or ended before October 17, 2000, the reference to the fraction ``1/2'' in the definition ``transfer pricing capital adjustment'' in subsection 247(1) of the Act, as enacted by subsection (1), shall be read as a reference to the fraction in paragraph 38(a) of the Act, as enacted by subsection 22(1), that applies to the taxpayer for the year.
	(4) Subsection (2) applies in respect of adjustments made under subsection 247(2) of the Act for taxation years and fiscal periods that begin after 1998, except that
	(a) subsection (2) does not apply to transactions completed before September 11, 1997; and
	(b) a record or document made, obtained or provided to the Minister of National Revenue by a taxpayer or a partnership on or before the taxpayer's or partnership's documentation-due date for the taxpayer's or partnership's first taxation year or fiscal period, as the case may be, that begins after 1998 is deemed for the purpose of subsection 247(4) of the Act, as enacted by subsection (2), to have been so made, obtained or provided on a timely basis.
	188. (1) The definitions ``foreign resource property'' and ``net capital loss'' in subsection 248(1) of the Act are replaced by the following:
``foreign resource property'' « avoir minier étranger »	``foreign resource property'' has the meaning assigned by subsection 66(15), and a foreign resource property in respect of a country means a foreign resource property that is
	(a) a right, licence or privilege to explore for, drill for or take petroleum, natural gas or related hydrocarbons in that country,
	(b) a right, licence or privilege to
	(i) store underground petroleum, natural gas or related hydrocarbons in that country, or
	(ii) prospect, explore, drill or mine for minerals in a mineral resource in that country,
	(c) an oil or gas well in that country or real property in that country the principal value of which depends on its petroleum or natural gas content (but not including depreciable property),
	(d) a rental or royalty computed by reference to the amount or value of production from an oil or gas well in that country or from a natural accumulation of petroleum or natural gas in that country,
	(e) a rental or royalty computed by reference to the amount or value of production from a mineral resource in that country,
	(f) a real property in that country the principal value of which depends upon its mineral resource content (but not including depreciable property), or
	(g) a right to or interest in any property described in any of paragraphs (a) to (f), other than such a right or interest that the taxpayer has by reason of being a beneficiary of a trust;
``net capital loss'' « perte en capital nette »	``net capital loss'' has the meaning assigned by subsection 111(8), except as otherwise expressly provided;
	(2) The definition ``taxable Canadian property'' in subsection 248(1) of the Act is replaced by the following:
``taxable Canadian property'' « bien canadien imposable »	``taxable Canadian property'' of a taxpayer at any time in a taxation year means a property of the taxpayer that is
	(a) real property situated in Canada,
	(b) property used or held by the taxpayer in, eligible capital property in respect of, or property described in an inventory of, a business carried on in Canada, other than
	(i) property used in carrying on an insurance business, and
	(ii) where the taxpayer is non-resident, ships and aircraft used principally in international traffic and personal property pertaining to their operation if the country in which the taxpayer is resident does not impose tax on gains of persons resident in Canada from dispositions of such property,
	(c) if the taxpayer is an insurer, its designated insurance property for the year,
	(d) a share of the capital stock of a corporation resident in Canada (other than a non-resident-owned investment corporation if, on the first day of the year, the corporation owns neither taxable Canadian property nor property referred to in any of paragraphs (m) to (o), or a mutual fund corporation) that is not listed on a prescribed stock exchange,
	(e) a share of the capital stock of a non-resident corporation that is not listed on a prescribed stock exchange if, at any particular time during the 60-month period that ends at that time,
	(i) the fair market value of all of the properties of the corporation each of which was
	(A) a taxable Canadian property,
	(B) a Canadian resource property,
	(C) a timber resource property,
	(D) an income interest in a trust resident in Canada, or
	(E) an interest in or option in respect of a property described in any of clauses (B) to (D), whether or not the property exists,
	was greater than 50% of the fair market value of all of its properties, and
	(ii) more than 50% of the fair market value of the share was derived directly or indirectly from one or any combination of
	(A) real property situated in Canada,
	(B) Canadian resource properties, and
	(C) timber resource properties,
	(f) a share that is listed on a prescribed stock exchange and that would be described in paragraph (d) or (e) if those paragraphs were read without reference to the words ``that is not listed on a prescribed stock exchange'', or a share of the capital stock of a mutual fund corporation, if at any time during the 60-month period that ends at that time the taxpayer, persons with whom the taxpayer did not deal at arm's length, or the taxpayer together with all such persons owned 25% or more of the issued shares of any class of the capital stock of the corporation that issued the share,
	(g) an interest in a partnership if, at any particular time during the 60-month period that ends at that time, the fair market value of all of the properties of the partnership each of which was
	(i) a taxable Canadian property,
	(ii) a Canadian resource property,
	(iii) a timber resource property,
	(iv) an income interest in a trust resident in Canada, or
	(v) an interest in or option in respect of a property described in any of subparagraphs (ii) to (iv), whether or not that property exists,
	was greater than 50% of the fair market value of all of its properties,
	(h) a capital interest in a trust (other than a unit trust) resident in Canada,
	(i) a unit of a unit trust (other than a mutual fund trust) resident in Canada,
	(j) a unit of a mutual fund trust if, at any time during the 60-month period that ends at that time, not less than 25% of the issued units of the trust belonged to the taxpayer, to persons with whom the taxpayer did not deal at arm's length, or to the taxpayer and persons with whom the taxpayer did not deal at arm's length,
	(k) an interest in a non-resident trust if, at any particular time during the 60-month period that ends at that time,
	(i) the fair market value of all of the properties of the trust each of which was
	(A) a taxable Canadian property,
	(B) a Canadian resource property,
	(C) a timber resource property,
	(D) an income interest in a trust resident in Canada, or
	(E) an interest in or option in respect of a property described in any of clauses (B) to (D), whether or not that property exists
	was greater than 50% of the fair market value of all of its properties, and
	(ii) more than 50% of the fair market value of the interest was derived directly or indirectly from one or any combination of
	(A) real property situated in Canada,
	(B) Canadian resource properties, and
	(C) timber resource properties, or
	(l) an interest in or option in respect of a property described in any of paragraphs (a) to (k) , whether or not that property exists,
	and, for the purposes of section 2, subsection 107(2.001) and sections 128.1 and 150, and for the purpose of applying paragraphs 85(1)(i) and 97(2)(c) to a disposition by a non-resident person, includes
	(m) a Canadian resource property,
	(n) a timber resource property,