3295036 Canada Inc. v. Agence du revenu du Québec, 2020 QCCA 1435

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Summaries

Summary Under

the use, in sales years later, of ACB that was stepped up in a “Quebec shuffle,” occurred as part of the same series

In October 1996, a Quebec-taxpayer company (“329”) acquired public company shares from its parent, on two separate days, in “Quebec...

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Summary Under

subsequent years could be reassessed to deny the carryforward of a capital loss reported in a statute-barred year

In October 1996, a Quebec-taxpayer company (“329”) acquired public company shares from its parent. The parent realized no gain because federal...

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