Exceptions from Subsection 55(2) - CCH Canadian
Exceptions from Subsection 55(2) - CCH Canadian
Exceptions from Subsection 55(2) - CCH Canadian
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Purpose of <strong>Subsection</strong> <strong>55</strong>(2) —Example 2ShareholderVendorcoUnrelatedPurchaseco• Vendorco to sell SellProperty to Purchaseco• Vendorco would realizecapital gain / income onsaleKeep propertySell propertyFMV 100ACB 0© 2010 KPMG International Cooperative (“KPMG International”). KPMG International provides no client services and is aSwiss entity with which the independent member firms of the KPMG network are affiliated 7