Administrative Policy
24 July 2013 External T.I. 2012-0455801E5 - Trustee in bankruptcy
The Act does not define what "property of the bankrupt in the trustee's possession" means. Instead, the BIA provides that what is comprised...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 223 - Subsection 223(11.1) | 112 |
10 October 2007 External T.I. 2007-0243601E5 F - Proposal - Taxation year end
Regarding a corporation that had submitted a proposal under the Bankruptcy and Insolvency Act ("BIA") that was accepted by the creditors, and...
Income Tax Technical News, No. 8, 30 September 1996 "Bankrupt Corporation - Change of Fiscal Period"
A Corporation that becomes a bankrupt must obtain approval to change its fiscal period.
25 July 1995 External T.I. 9509495 - FISCAL PERIOD OF A BANKRUPT CORP
The fiscal period of a corporation would not be affected by its bankruptcy, notwithstanding that s. 128(1)(d) deems its taxation year to have...
16 January 1992 T.I. (Tax Window, No. 15, p. 10, ¶1703)
The annulment of the bankruptcy under s. 61(1) or 181(1) of the Bankruptcy Act is not retroactive and, therefore, does not invalidate the...
10 December 1990 TI (Tax Window, Prelim. No. 2, p. 20, ¶1065)
An annulment of a bankruptcy does not invalidate the application of s. 128 for the period commencing on the date the taxpayer became bankrupt and...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - General Concepts - Effective Date | 33 |
10 September 1990 Memorandum (Tax Window, Prelim. No. 1, p. 8, ¶1010)
Discussion of fiscal period issues respecting a bankrupt cash-basis farmer.
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 28 - Subsection 28(1) | 9 |
Paragraph 128(1)(g)
Articles
Janette Pantry, Carrie Smit, "Tax Considerations in Restructuring under the Companies’ Creditors Arrangement Act", draft 2020 CTF Annual Conference paper
Generally no application of s. 128(1)(g) where proposal accepted (p. 8)
- Although s. 128(1)(g) provides that any losses of the corporation for a...