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  Exhibit 4.10    
    

 
 

  FORM 51-102F3
  
    Material Change Report    
    

			
	

Item 1	
 	

Name and Address of Company
	

 	
 	

BFI Canada Income Fund (the "Fund")

135 Queens Plate Drive

Suite 300

Toronto, Ontario

M9W 6V1
	

Item 2	
 	

Date of Material Change
	

 	
 	

September 30, 2008
	

Item 3	
 	

News Release
	

 	
 	

A news release was issued through Marketwire on September 30, 2008 and is attached to this report.
	

Item 4	
 	

Summary of Material Change
	

 	
 	

The Fund announced that the final order from the Ontario Superior Court of Justice for its conversion from an income fund to a corporation by way of a plan of arrangement (the "Conversion") was obtained on September 30, 2008. The Conversion
is expected to be completed on October 1, 2008.
	

Item 5	
 	

Full Description of Material Change
	

 	
 	
 5.1 — Full Description of Material Change
	

 	
 	

The common shares of BFI Canada Ltd. will commence trading on the Toronto Stock Exchange, under the symbol "BFC", on October 2, 2008. Concurrently, units of the Fund will be delisted from the Toronto Stock Exchange and the Fund will submit
an application to cease to be a reporting issuer in all provinces of Canada in which it is a reporting issuer or the equivalent thereof.
	

 	
 	

See the news release attached to this report for a full description of the material change.
	

 	
 	
 5.2 — Disclosure for Restructuring Transactions
	

 	
 	

Not applicable. Please refer to the Fund's management information circular dated August 26, 2008 in respect of the special meeting of voting unitholders held on September 25, 2008.
	

Item 6	
 	

Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
	

 	
 	

Not applicable.
	

Item 7	
 	

Omitted Information
	

 	
 	

No significant facts in this report remain confidential, and no information has been omitted from this report.
	

Item 8	
 	

Executive Officer
	

 	
 	

For further information please contact Chaya Cooperberg, Director, Investor Relations and Corporate Communications, at (416) 401-7729.
	

Item 9	
 	

Date of Report
	

 	
 	

October 2, 2008

			
	M E D I A    R E L E A S E	 	

 

 
 

  BFI CANADA INCOME FUND RECEIVES COURT APPROVAL FOR CONVERSION TO
  BFI CANADA LTD.    
    

TORONTO, ONTARIO — September 30, 2008 — BFI
Canada Income Fund (the "Fund") (TSX: BFC.UN) today announced that the final order from the Ontario Superior Court of Justice for its conversion from an income fund to a
corporation by way of a plan of arrangement (the "Conversion") was obtained today. The Conversion is expected to be completed October 1, 2008. 

The
common shares of BFI Canada Ltd. will commence trading on the Toronto Stock Exchange, under the symbol "BFC", on October 2, 2008. Concurrently, units of the Fund will be delisted
from the Toronto Stock Exchange and the Fund will submit an application to cease to be a reporting issuer in all provinces of Canada in which it is a reporting issuer or the equivalent thereof. 

 Forward-looking statements  

This
document may contain forward-looking statements relating to the Fund's operations or to the environment in which it operates, which are based on the Fund's operations, estimates, forecasts and
projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, or are beyond the Fund's control. A number of important
factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. These factors include those set forth in the Fund's Annual Information
Form for the period ended December 31, 2007. Consequently, readers should not rely on such forward-looking statements. In addition, these forward-looking statements relate to the date on which
they are made. Although the forward-looking statements contained herein are based upon what management believes to be reasonable assumptions, the Fund cannot assure unitholders that actual results
will be consistent with these forward looking statements, and the Fund disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by applicable securities laws. 

 About BFI Canada Income Fund  

The
Fund, through its operating subsidiaries, is one of North America's largest full-service waste management companies, providing non-hazardous solid waste ("waste")
collection and disposal services to commercial, industrial, municipal and residential customers in five Canadian provinces and ten states in the United States ("U.S."). The Fund provides
service to over 1.8 million customers with vertically integrated collection and disposal assets. The Fund's Canadian segment operates under the BFI Canada brand and is Canada's second largest
full-service waste management company providing vertically integrated waste collection and disposal services in the provinces of British Columbia, Alberta, Manitoba, Ontario, and Quebec.
This segment provides service to 20 Canadian markets and operates five landfills, four transfer collection stations, seven material recovery facilities ("MRFs"), and one landfill gas to energy
facility. The Fund's U.S. south and northeast segments, collectively the U.S. segment or U.S. segments, operate under the IESI brand and provide vertically integrated waste
collection and disposal services in two geographic regions: the south, consisting of various service areas in Texas, Louisiana, Oklahoma, Arkansas, Mississippi, and Missouri, and the northeast,
consisting of various service areas in New York, New Jersey, Pennsylvania, and Maryland. This segment provides service to 39 U.S. markets and operates 17 landfills,
31 transfer collection stations, 10 material recovery facilities, and one transportation operation. The Fund's units are listed on the Toronto Stock Exchange under the symbol BFC.UN. For
more information on the Fund, visit www.bficanada.com. 

Further information:

BFI Canada Income Fund

Chaya Cooperberg

Director, Investor Relations and Corporate Communications

Tel: (416) 401-7729

Email: chaya.cooperberg@bficanada.com 

QuickLinks

Exhibit 4.10

FORM 51-102F3 Material Change Report

BFI CANADA INCOME FUND RECEIVES COURT APPROVAL FOR CONVERSION TO BFI CANADA LTD.QuickLinks
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  Exhibit 4.11    
    

 
 

  REPORT OF INDEPENDENT REGISTERED CHARTERED ACCOUNTANTS    
    

To
the Board of Directors of 1768248 Ontario Limited: 

        We
have audited the balance sheet of 1768248 Ontario Limited (the "Corporation") as at August 22, 2008. The financial statement is the responsibility of the
Corporation's management. Our responsibility is to express an opinion on this financial statement based on our audit. 

        We
conducted our audit in accordance with Canadian generally accepted auditing standards. Those standards require that we plan and perform an audit to obtain reasonable assurance whether
the financial statement is free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statement. An audit also
includes assessing the accounting principles used
and significant estimates made by management, as well as evaluating the overall financial statement presentation. 

        In
our opinion, this financial statement presents fairly, in all material respects, the financial position of the Corporation as at August 22, 2008 in accordance with Canadian
generally accepted accounting principles. 

        The
Corporation is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audit included consideration of internal control
over financial reporting as a basis of designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Corporation's
internal control over financial reporting. Accordingly we express no such opinion. 

        On
August 25, 2008, we reported to the Corporation's Board of Directors on our audit of the Corporation's financial statement as at August 22, 2008, prepared in accordance
with Canadian generally accepted accounting principles but did not include Note 5, subsequent events, and Note 6, reconciliation of the financial statement with United States
generally accepted accounting principles. 

/s/
Deloitte & Touche LLP

Independent Registered Chartered Accountants

Licensed Public Accountants

Toronto, Ontario

August 25, 2008, except as to Notes 5 and 6 which are as of October 8, 2008 

1

 
 
    1768248 ONTARIO LIMITED    
      
    BALANCE SHEET    
      
    As at August 22, 2008 (in Canadian dollars)    
        
    

					
	 
	 	 
	 
	 ASSETS
	 	 	 	 
	 Cash
	 	$	100	 
	 	 	 	 
	 SHAREHOLDER'S EQUITY
	 	 	 	 
	 Common shares (Note 2)
	 	$	100	 
	 	 	 	 
	 Description of the proposed Plan of Arrangement and Contingency (Notes 3 & 4)
	 	 	 	 

2

 

  1768248 ONTARIO LIMITED  

 NOTES TO THE BALANCE SHEET  

 As at August 22, 2008 (in Canadian dollars)  

 1.     INCORPORATION AND BASIS OF PRESENTATION  

1768248 Ontario
Limited (the "Corporation") was incorporated under the provisions of the Business Corporations Act (Ontario) on May 5, 2008, with one common share issued to the
incorporator for cash consideration of $1.00. On July 25, 2008, the Corporation issued a further 99 common shares for total cash consideration of $99. Other than the issuance of common
shares, and the execution of an arrangement agreement dated August 18, 2008, there have been no other activities and the Corporation will be inactive until the arrangement is completed. The
Corporation was formed to become the ultimate parent in the proposed Plan of Arrangement described below (Note 3). This balance sheet has been prepared in accordance with Canadian generally
accepted accounting principles. 

 2.     SHARE CAPITAL  

						
	 	Authorized

An unlimited number of common shares, voting;

An unlimited number of preferred shares, non-voting, non-participating, issuable in series;

An unlimited number of special voting shares, voting, non-participating.	 	 	 	 
	
 	

Issued	
 	
 	

 	
 
	 	 	 	 	 
	 	100 common shares	 	 	$100	 
	 	 	 	 	 

 3.     DESCRIPTION OF THE PROPOSED PLAN OF ARRANGEMENT  

On
August 18, 2008, the Board of Trustees of BFI Canada Income Fund (the "Fund") approved a proposed transaction providing for the reorganization of the Fund's income trust structure
into a corporate structure through a Plan of Arrangement (the "Conversion"). If the reorganization is approved by holders (the "Unitholders") of ordinary trust units
(the "Units"), the holder of the Class A Unit and the Ontario Superior Court of Justice, Unitholders will receive, for each Unit held, one common share of the Corporation
(a "Share") on the effective date of the Conversion (the "Effective Date"). The Class A Unit will be redeemed by the Fund for $10.00 in cash, and IESI Corporation will subscribe
for 11,137,744 special voting shares in the capital of the Corporation (the "Special Shares") (representing the number of Units for which the issued and outstanding Participating
Preferred Shares (as defined herein) were exchangeable at the date hereof, subject to any changes as a result of exchanges prior to the effective date of the Conversion) for an aggregate
subscription price of $10.00 in cash. The participating preferred shares of IESI Corporation, a subsidiary of the Fund (the "Participating Preferred Shares") will remain outstanding following
the Conversion but will become exchangeable for Shares, instead of Units, based on the number of Units into which such Participating Preferred Shares are exerciseable on the Effective Date, in
accordance with a securityholders' agreement dated January 21, 2005 between the Fund, 4264126 Canada Limited and IESI Corporation. Since the Conversion does not contemplate a change of
control for accounting purposes, the financial statements of the Corporation will be the continuation of the Fund's financial statements. As a result of the Conversion, the consolidated financial
statements of the Corporation will reflect the assets and liabilities of the Fund at the respective carrying amounts. Any change in the future income tax balance due to a change in tax status will be
charged to income tax expense on the effective date of the exchange. 

 4.     CONTINGENCY  

The
Corporation has agreed to indemnify its directors and officers, to the extent permitted under corporate law, against costs and damages incurred by the directors and officers as a result of
lawsuits or any other judicial, administrative or investigative proceeding in which the directors and officers are sued as a result of their services. The Corporation's directors and officers are
covered by directors' and officers' liability insurance. No amount has been recorded in this financial statement with respect to the indemnification agreements. 

 5.     SUBSEQUENT EVENTS  

Effective
September 19, 2008, the Board of Directors approved a special quarterly dividend payable in four equal amounts of $0.125 per share commencing on March 31, 2009. 

Effective
September 25, 2008, Unitholders voted in favour of the Fund's conversion from an income trust to a corporation. The conversion received approval from the Ontario Superior Court of
Justice on September 30, 2008 and is effective October 1, 2008. In advance of the Corporation's common shares trading on the Toronto Stock Exchange, the Corporation changed its name to
BFI Canada Ltd. Common shares of BFI Canada Ltd. commenced trading on the Toronto Stock Exchange, under the symbol "BFC", on October 2, 2008. Concurrently, trust units of the Fund
have been delisted from the Toronto Stock Exchange and the Fund has submitted an application to cease to be a reporting issuer. 

3

 
 1768248 ONTARIO LIMITED 

 NOTES TO THE BALANCE SHEET (Continued) 

 As at August 22, 2008 (in Canadian dollars) 

 5.     SUBSEQUENT EVENTS (Continued) 

Effective
October 1, 2008, the Fund entered into a Fourth Amending Agreement to its Fourth Amended and Restated Credit Agreement and a Sixth Amending Agreement to its Amended and Restated
Revolving Credit and Term Loan Agreement. The amending agreements simply recognize the Fund's structural change and had no impact on the Fund's committed amounts, maturity dates or pricing. 

 6.     RECONCILIATION OF CANADIAN TO UNITED STATES GENERALLY ACCEPTED ACCOUNTING PRINCIPLES  

There
are no material differences between the financial statement prepared in accordance with Canadian generally accepted accounting principles and United States generally accepted accounting
principles as at August 22, 2008. 

4

QuickLinks

Exhibit 4.11

REPORT OF INDEPENDENT REGISTERED CHARTERED ACCOUNTANTS

1768248 ONTARIO LIMITED BALANCE SHEET As at August 22, 2008 (in Canadian dollars)

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