B. If Healthy Bites Ltd. decides to only use the election(s) required to offset non-capital and net capital losses that would become tainted as a result of the acquisition of control, indicate the properties on which the elections should be made and the amounts that should be elected. C. Advise Healthy Bites Ltd. as to the recommended course of action (Part A or B). AP 14-3 (Associated Corporations) The following situations are independent of each other. All of the corporations involved are CCPCs and have only one authorized class of shares.