BFI Canada Income Fund to Raise $80.9 Million

Date: March 19, 2007

Source: BFI Canada Income Fund

BFI Canada Income Fund Announces $80.9 Million Offering of Trust Units

BFI Canada Income Fund (the "Fund") (TSX: BFC.UN) today announced it has entered into an agreement to sell 3,100,000 Units at a price of $26.10 per Unit to raise gross proceeds of $80.9 million (the "Offering") on a bought deal basis. The underwriting syndicate is led by CIBC World Markets Inc. The Fund has also granted to the underwriters an option to purchase up to an additional 465,000 Units, exercisable until 30 days following closing of the Offering to cover over-allotments, if any, on the same terms and conditions as the Offering. The Offering is expected to close on or about April 5, 2007, subject to certain conditions including regulatory approvals. Purchasers of Units under the Offering will be entitled to receive the distribution expected to be paid on May 15, 2007 to unitholders of record on April 30, 2007.

The Fund intends to use the net proceeds of the Offering to repay revolving credit facility advances and for general corporate purposes.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities described herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under applicable securities laws of any such jurisdiction. The Units offered by the Fund have not been, nor will be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement of such Act.

About BFI Canada Income Fund

BFI Canada Income Fund, through its subsidiaries, is one of North America's largest full-service waste management companies, providing non-hazardous solid waste collection and landfill disposal services for municipal, commercial, industrial and residential customers in five provinces and nine U.S. states. Its two brands, BFI Canada and IESI, are leaders in their respective markets and serve over 1 million customers with vertically integrated collection and disposal assets. BFI Canada Income Fund's units are listed on the Toronto Stock Exchange under the symbol BFC.UN.

To find out more about BFI Canada Income Fund (TSX:BFC.UN), visit our website at

Forward-Looking Statements

This document may contain forward-looking statements relating to the Fund's operations or to the environment in which it operates, which are based on the Fund's operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, or are beyond the Fund's control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. These factors include those set forth in the Fund's Annual Information Form for the year ended December 31, 2006. Consequently, readers should not rely on such forward- looking statements. In addition, these forward-looking statements relate to the date on which they are made. Although the forward-looking statements contained herein are based upon what management believes to be reasonable assumptions, the Fund cannot assure unitholders that actual results will be consistent with theseforward looking statements, and the Fund disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For more information, contact:
BFI Canada Income Fund
Chaya Cooperberg
Director, Investor Relations and Corporate Communications
(416) 401-7729
Fax: (416) 741-4565

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