text: During the fourth quarter of 2013, the Company disposed of ten MHC properties located in New Brunswick. In May 2012, the Company also 
  disposed of twelve MHC properties located in Western Canada and Ontario. The loss on disposition of the investment properties for the twelve 
  months ended December 31, 2013, and 2012 represents the difference between the proceeds from disposition compared to the fair value of the 
  properties less the carrying costs of the related mortgages, as well as deferred financing fees, professional fees and any other directly attributable 
  costs. 
  
  **Deferred Tax Expense**
  
  The Company has booked future income tax expense for the years ended December 31, 2013, and 2012. Killam is not currently cash taxable and 
  does not expect to pay significant cash taxes in the near future as the Company has the ability to claim CCA deductions to reduce taxable income. 
  Based on the assumption that the Company does not add to its asset base, Management estimates that it would become cash taxable in three to 
  five years. 