3 December 1990 T.I. (Tax Window, Prelim. No. 2, p. 11, ¶1062)

Where receivables are transferred to the debtor corporation in consideration for treasury shares, s. 80 applies if the fair market value of the...

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Where receivables are transferred to the debtor corporation in consideration for treasury shares, s. 80 applies if the fair market value of the...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

A receivable that is capital property is an eligible property which may be transferred to the debtor corporation for treasury shares.