Tax Information
Effective May 1, 2000, BCE Inc. ("BCE") distributed an approximately 35% ownership interest in Nortel Networks to the BCE common shareholders, retaining approximately 2%. This section contains information prepared by BCE for the BCE common shareholders related to the distribution of Nortel Networks shares:
- Background information and a summary of the tax implications for BCE shareholders as a result of the Plan of Arrangement (Arrangement).
- A calculator that will help determine your adjusted cost base.
The following summarizes certain information contained in the Notice of Application and Joint Arrangement Circular (the "Joint Arrangement Circular") of BCE Inc. and Nortel Networks Corporation dated February 29, 2000. This summary is qualified in its entirety by the more detailed information contained in the Joint Arrangement Circular, in the Annexes attached thereto and in the document incorporated by reference therein. Shareholders are urged to read the Joint Arrangement Circular, the attached Annexes and the document incorporated therein by reference carefully and in their entirety.
