Company: BBU
Filing Date: 2025-03-10
Form Type: 424B3
Source: 0001104659-25-022184
Chunk: 53

Company: Brookfield Business Partners L.P.
Filing Date: 2025-03-10
Form: 424B3
Chunk 53
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) must be expressed in

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TABLE OF CONTENTS

Canadian currency. Amounts denominated in another currency must be converted into Canadian currency using the applicable rate of exchange quoted by the Bank of Canada on the date such amounts arose, or such other rate of exchange as is acceptable to the CRA.

#### Taxation of Holders Resident in Canada
The following portion of the summary is applicable to a Holder who, at all relevant times, is resident or is deemed to be resident in Canada under the Tax Act (a “

#### Resident Holder
”). Certain Resident Holders may be entitled to make, or may have already made, the irrevocable election permitted by subsection 39(4) of the Tax Act the effect of which may be to deem any exchangeable shares (and all other “

#### Canadian securities
”, as defined in the Tax Act) owned by such Resident Holder to be capital property in the taxation year in which the election is made and in all subsequent taxation years. Resident Holders whose exchangeable shares might not otherwise be considered to be capital property should consult their own tax advisors concerning this election.

#### Exchange of Exchangeable Shares
A Resident Holder who disposes of, or who is deemed to dispose of, an exchangeable share to BBUC (including, in general, on an exchange at the request of the Resident Holder) will generally be deemed to receive a dividend equal to the amount by which the amount paid by BBUC exceeds the “paid up capital” (as determined for purposes of the Tax Act) in respect of such shares. The amount of any deemed dividend arising on the disposition of an exchangeable share to BBUC will not be included in computing the Resident Holder’s proceeds of disposition for purposes of computing the capital gain or capital loss arising on the disposition of such share.

Any dividends deemed to be received by a Resident Holder on the exchange of exchangeable shares to BBUC by such Resident Holder will be included in computing such Resident Holder’s income. Such deemed dividend received by a Resident Holder that is an individual will be included in computing the Resident Holder’s income subject to the gross-up and dividend tax credit rules normally applicable under the Tax Act to taxable dividends received from taxable Canadian corporations. Such deemed dividends will be eligible for the enhanced gross-up and dividend tax credit if BBUC designates the deemed dividends as “eligible dividends”. There may be limitations on BBUC’s ability to designate such deemed dividends as eligible dividends.

Subject to the potential application of subsection 55(