requirements, and redemption of shares, if any.  The Company may be required to use part of its debt capacity, raise additional equity, or reduce 
dividends in order to accommodate such items, and there can be no assurance that funds from such sources will be available on favourable 
terms, or at all.
Significant Accounting Judgments, Estimates and Assumptions
In the application of Killam’s accounting policies, which are described in Note 2 of the consolidated financial statements, Management is required 
to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other 
sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. 
Actual results may differ from these estimates.
The judgments, estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in 
the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision 
affects both current and future periods. 
Judgments Other Than Estimates
In the process of applying the Company’s accounting policies, Management has made the following judgments, which have the most significant 
effect on the amounts recognized in the consolidated financial statements:
60 Killam ProPerties inc | 2013