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Indicate the tax consequences to the relevant shareholders of the transaction. Tax consequences would include the

increase or decrease in the individual shareholder's Taxable Income, any change in the adjusted cost base and/or PUC of any shares that are still in the hands of the individual shareholder after the described transaction(s), and any federal dividend tax credits that result from the described transaction. Dividends are non-eligible.


At incorporation, Lason Inc. issued 300,000 common shares at $32 per share, for a total value of $9,600,000. The original owner later sold these shares to Lawrence Foster for $28 per share, for a total of $8,400,000. During the year subsequent to this sale, the Company redeemed 50,000 of these shares for $1,700,000.

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