Durand, "Debt Restructuring for Companies in Financial Difficulty", Tax Aspects of Corporate Financing, CCH Seminars, September 13, 1990

Summary Under
Tax Topics - Income Tax Act - Section 80 - Subsection 80(1)

Discussion of authorities supporting the proposition that s. 80 does not apply where a taxpayer in financial difficulty issues shares or debt in replacement of its existing indebtedness.

Summary Under
Tax Topics - Income Tax Act - Section 80 - Subsection 80(5)

Discussion of authorities supporting the proposition that s. 80 does not apply where a taxpayer in financial difficulty issues shares or debt in replacement of its existing indebtedness.