--_004_YT2PR01MB4064E0C85DCFA4ED343FC647C624AYT2PR01MB4064CANP_ Content-Type: multipart/alternative; boundary="_000_YT2PR01MB4064E0C85DCFA4ED343FC647C624AYT2PR01MB4064CANP_" --_000_YT2PR01MB4064E0C85DCFA4ED343FC647C624AYT2PR01MB4064CANP_ Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: quoted-printable Hi everyone, Please see attached for the various TheKey entity T2 tax returns. I have al= so attached a document called Documents to Sign for each entity. Once you h= ave reviewed the returns and are comfortable with the information presented= , please sign the documents within each of these files. Once we receive the= m back, we will submit the returns for efiling. If it's at all possible to = get signatures back by Thursday that would be great, as there is often a lo= ng line of returns waiting to be filed on the deadline which I would like t= o keep us out of. Please note that the tax payable figures outlined within the returns may be= smaller than indicated, given that we don't have a full understanding of t= he instalments made in the year. And once again, it was a pleasure working with you and we really appreciate= all your efforts trying to get info in the midst of learning curves, new s= ystems, and not being able to access all of the data required. We look for= ward to assisting you in the future in addressing risks and opportunities a= s you build out the Canadian business and begin to put strategy around data= , the treasury function, etc. As requested, and for your files, here is a summary of some of the key area= s for which we couldn't quite get perfect information on. As we have discus= sed, if you are able to get any additional information that suggests what w= e have filed is incorrect, we are happy to revisit these and file amendment= s in the summer. * It looks like push-down accounting has been used to account for acqui= sitions, whereby HCA is buying the shares of the subsidiaries, and then the= cost of those shares is being pushed down to the individual assets held by= the subsidiaries with a corresponding offset credit to 'interco due to'. A= s such, it is our understanding that the intangible asset additions in the = two Arya entities are not true additions for Canadian tax purposes, and so = we have not presented them on Sch 8. Going forward, and now that you have C= anada on the group's ERP we recommend implementing a mechanism (such as mas= ter data tags) in order to more easily distinguish true additions from acco= unting adjustments (e.g., purchase method/push down accounting). As we und= erstand that all other additions are true additions, we have included them = in Sch 8. * It appears that the trial balances used to prepare the prior year tax= returns did not encompass all FS audit adjustments. As such, the balances = within the 2021 returns appear to be incorrect in some cases. As directed,= the returns have used 'plugs' to retained earnings so that current year fi= nancial results balance. It