28 February 2001 External T.I. 2000-0016765 F - All or substantially all -- attach -- Section 54.2
CRA is prepared to issue rulings on the application of the all or substantially all test in s. 54.2, which is not necessarily a 90% of FMV test
Section 54.2
Atlantic Packaging Products Ltd. v. Canada, 2020 FCA 75 -- attach -- Section 54.2
transfer of assets representing 68% of the FMV of the assets of a business division did not satisfy the “substantially all” test
Atlantic Packaging Products Ltd. Atlantic Produits D'Emballage Ltée v. The Queen, 2018 TCC 183, aff'd 2020 FCA 75 -- attach -- Section 54.2
s. 54.2 did not apply to the drop-down of under 68% of the assets of a business division to a Newco for Newco shares
89 C.R. - Q33 -- attach -- Section 54.2
90 C.R. - Q33 -- attach -- Section 54.2
89 C.R. - Q13 -- attach -- Section 54.2
10 November 89 T.I. (April 90 Access Letter, ¶1178) -- attach -- Section 54.2
