text: **Taxes**
  Killam is currently not cash‑tax taxable due to its ability to reduce taxable income through unclaimed CCA, and does not expect to be cash taxable 
  for at least the next three to five years. A change in circumstances that could result in the Company paying cash taxes in advance of this estimate 
  may have a negative impact on Killam’s liquidity. To mitigate against this risk, Killam is working with tax advisors to identify those issues that may 
  impact a change in the Company’s tax situation. 
  
  **Dividend Payments**
  Dividend payments may exceed actual cash available from time to time because of items such as mortgage principal repayments, capital 
  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. 