rules on a go-forward basis, it may be advantageous to forgive debt before the tax hit to Target on the forgiveness is absorbed by the capital loss
Canadian Tax Foundation
Canadian Tax Highlights > Volume 12, Number 2, February, 2004 > CFA Debt Forgiveness of the debt-forgiveness rules to a CFA of a Canadian corporation.
Taxation of Corporate Reorganizations
Merging a REIT with a regular corporation; Canadian tax treatment of LLCs of debt forgiveness rules; Debt parking: structure and tax consequences
Tax Planning for Corporate Reorganization
a US corporation to Canada; Cross border mergers: Canadian tax considerations Overview of debt forgiveness rules; Conversion of debt into equity
Tax Fairness: 5 (Budget 1997)
reduced the Atlantic Canada Investment Tax Credit from 15 to 10 per cent. tightened the rules applicable on forgiveness of debt.
I teach God's Law - the negative Golden Rule, and the implementation of nesara' bill has some SMALL percentages of debt forgiveness but does NOT
Get Tax Relief -IRS Tax Debt - debt forgiveness rule canada tax
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