Which of the Following Statements with Respect to the ITA

Which of the following statements with respect to the ITA 44.1 deferral provisions on small business investments is NOT correct?

A) The replacement shares must be the common shares of an eligible small business corporation that are acquired within 120 days after the end of the year in which the qualifying disposition took place
B) The use of the deferral provision will not affect the adjusted cost base of the replacement shares.
C) The deferral is limited to a fraction of the capital gain resulting from the qualifying disposition.
D) The eligible small business corporation and corporations related to it cannot have assets with a carrying value in excess of $50 million.