IT-338R "Partnership Interests - Effects on Adjusted Cost Base Resulting from the Admission or Retirement of a Partner"

The admission of a new partner may as a consequence of provincial law result in the disposition by each former partner of his partnership interest.

All of the property" means all the property after the settlement of a retired partner's interest.

Where on a dissolution of a partnership to which s. 98(5) applies the continuing partner has assumed the liabilities of the partnership, that...

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

Discussion of assumption of mortgage indebtedness by the continuing partner.