Blackberry 2009 Annual Report Download - page 89

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87
On March 12, 2009, the Government of Canada enacted
changes to the Income Tax Act (Canada) that allows RIM to
calculate its fiscal 2009 Canadian income tax expense based
on the U.S. dollar (the Company’s functional currency). As
such, the Company will record net benefits of approximately
$70 - $100 million relating to the enactment of the changes to
the Income Tax Act (Canada) in the first quarter of fiscal 2010.
19. SUBSEQUENT EVENTS
On February 10, 2009, the Company entered into an
agreement with Certicom Corp. (“Certicom”) by way of
statutory plan of arrangement to acquire all of the issued
and outstanding common shares at a price of CAD $3.00
for each common share of Certicom or approximately CAD
$131 million (approximately $102 million). The transaction
closed on March 23, 2009. The Certicom shares purchased
under the offer were funded with the Company’s cash on
hand. Certicom technology protects the value of content,
applications and devices with government approved security
using Elliptic Curve Cryptography.