Company: FRFXF
Filing Date: 2025-10-09
Form Type: F-10/A
Source: 0001104659-25-098335
Chunk: 138

Company: FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
Filing Date: 2025-10-09
Form: F-10/A
Chunk 138
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AIN CANADIAN FEDERAL INCOME TAX CONSIDERATIONS
The following is a summary of the principal Canadian federal income tax considerations under the Canadian Tax Act generally applicable to a holder of Initial Notes who acquires Exchange Notes, including entitlement to all payments thereunder, as a beneficial owner pursuant to the Exchange Offer and who, for purposes of the Canadian Tax Act, and at all relevant times, (i) is not, and is not deemed to be, resident in Canada, (ii) holds the Notes as capital property, (iii) deals at arm’s length and is not affiliated with the Company, (iv) is neither a “specified shareholder” of the Company nor a person not dealing at arm’s length with a “specified shareholder” of the Company as defined in subsection 18(5) of the Canadian Tax Act, (v) is not a “specified entity” as defined in subsection 18.4(1) of the Canadian Tax Act with respect to “hybrid mismatch arrangements” (vi) deals at arm’s length with any Canadian resident (or deemed Canadian resident) to whom the holder disposes of the Notes and (vii) does not use or hold, and is not deemed to use or hold, the Notes in a business carried on in Canada (a “

#### Non Resident Holder
”). Special rules, which are not discussed herein, may apply to a Non Resident Holder that holds the Notes in connection with carrying on an insurance business in Canada and elsewhere. This summary assumes that no interest paid on the Notes will be in respect of a debt or other obligation to pay an amount to a person with whom the Company does not deal at arm’s length for purposes of the Canadian Tax Act.

The summary is based on the current provisions of the Canadian Tax Act, the regulations thereunder (the “

#### Regulations
”) and an understanding of the current administrative policies and assessing practices published by the Canada Revenue Agency (the “

#### CRA
”) and takes into account all specific proposals to amend the Canadian Tax Act and Regulations publicly announced by the Minister of Finance (Canada) prior to the date hereof. This summary does not take into account or anticipate any other changes in law, whether by judicial, governmental or legislative action or decisions, or any changes in the CRA’s administrative policies and assessing practices, nor does it take into account provincial, territorial or foreign tax legislation or considerations which may differ significantly from those discussed herein.

This summary is of a general nature only and is not intended to be, and