Company: AVCRF
Filing Date: 2025-06-16
Form Type: 20-F
Source: 0001641172-25-015266
Chunk: 45

Company: Avricore Health Inc.
Filing Date: 2025-06-16
Form: 20-F
Item: Item 10
Chunk 45
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 to a dividend on common shares paid to a Holder who is a resident of the United States and who is
the beneficial owner of the dividend, is 5%. If the Holder is a company that owns at least 10% of the voting stock of the Company paying
the dividend, and, in all other cases, the tax rate is 15% of the gross amount of the dividend. The Company will be required to withhold
the applicable amount of Part XIII Tax from each dividend so paid and remit the withheld amount directly to the Receiver General for
Canada for the account of the Holder.

Disposition
of Common Shares:

A
Holder who disposes of a common share, including by deemed disposition on death, will not normally be subject to Canadian tax on any
capital gain (or capital loss) thereby realized unless the common share constituted “taxable Canadian property” as defined
by the Act Act

(a)
More than 50% of the value of the common shares is derived from, or from an interest in, Canadian real estate, including Canadian mineral
resource properties,

(b) The
common share formed part of the business property of a permanent establishment that the Holder has or had in Canada within the 12 month
period preceding the disposition, or

(c) The
Holder is an individual who (i) was a resident of Canada at any time during the 10 years immediately preceding the disposition, and for
a total of 120 months during any period of 20 consecutive years, preceding the disposition, and (ii) owned the common share when he ceased
to be resident in Canada.

A
Holder who is subject to Canadian tax in respect of a capital gain realized on a disposition of a common share must include half of the
capital gain (taxable capital gain) in computing the Holder’s taxable income earned in Canada. The Holder may, subject to certain
limitations, deduct half of any capital loss (allowable capital loss) arising on a disposition of taxable Canadian property from taxable
capital gains realized in the year of disposition in respect to taxable Canadian property and, to the extent not so deductible, from
such taxable capital gains realized in any of the three preceding years or any subsequent year.

United
States Taxation:

For
federal income tax purposes, an individual who is a citizen or resident of the United States or a domestic corporation (“ U. S. Taxpayer”)
will recognize a gain or loss on the sale of the Company’s common shares equal to the difference between the proceeds from such