GST/HST Policy Statement P-045: Butterfly Transactions 9 November 1992 (Obsolete February 2012)

Policy Tabs

Summaries

Summary Under

registration of subsidiary of butterfly transferee corporation

Can a corporation ("Newco") which was incorporated solely for the purposes of facilitating the transfer of property between two other...

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Summary Under

deemed no-supply on wind-up denies ITC to predecessor

In a purported butterfly reorganization, Subco, which operates a department store, transfers its real estate to a newly-incorporated subsidiary...

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