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2019 Ruling 2019-0822951R3 F- Post-mortem Hybrid Pipeline Unedited CRA Tags 84(2), 84.1, 245(2) Principales Questions: 1) Whether section 84.1 will apply to deem the Estate to have received a dividend upon the disposition of shares to the new company. 2) Whether subsection 84.1 will apply to reduce the PUC on the share of the new company received as consideration for the disposition of the shares. 3) Whether subsection 84(2) applies to the proposed transactions. 4) Whether subsection 245(2) applies to the proposed transactions. ...

2020 Ruling 2019-0832601R3 F- Post-mortem Pipeline Unedited CRA Tags 84(2), 84.1, 245(2) Principal Issues: 1) Whether section 84.1 applies to deem the Estate to have received a dividend on the disposition of shares to the new corporation or to reduce the PUC of the shares of the new corporation received as consideration for the disposition of the shares. 2) Whether subsection 84(2) applies to the proposed transactions. 3) Whether subsection 245(2) applies to the proposed transactions. ...

2020 Ruling 2020-0838951R3 F- Post-mortem Pipeline Unedited CRA Tags 84(2), 84.1, 245(2) Principales Questions: 1) Whether section 84.1 will apply to deem the heirs to have received a dividend upon the disposition of shares to the new company. 2) Whether section 84.1 will apply to reduce the PUC on the shares of the new company received as consideration for the disposition of the shares. 3) Whether subsection 84(2) applies to the proposed transactions. 4) Whether subsection 245(2) applies to the proposed transactions. ...

2019 Ruling 2019-0835131R3 F- Post-mortem Pipeline Unedited CRA Tags 84(2), 84.1, 245(2) Principal Issues: 1) Whether subsection 84(2) applies to the proposed transactions. 2) Whether section 84.1 will apply to reduce the PUC on the shares of the new company received as consideration for the disposition of the shares. 3) Whether subsection 245(2) applies to the proposed transactions. ...

The Newco Preferred Shares described in Paragraph 16 will not be, at any time during the implementation of the Proposed Transactions described herein: (a) the subject of any undertaking that is referred to in subsection 112(2.2) as a “guarantee agreement”; (b) the subject of a dividend rental arrangement (and nor will any of the dividends paid on the Newco Preferred Shares in the course of the Proposed Transactions be received as part of a dividend rental arrangement); (c) the subject of any secured undertaking of the type described in paragraph 112(2.4)(a); or (d) issued for consideration that is or includes: (i) an obligation of the type described in subparagraph 112(2.4)(b)(i) other than an obligation of a corporation that is related (otherwise than by reason of a right referred to in paragraph 251(5)(b); or (ii) any right of the type described in subparagraph 112(2.4)(b)(ii). 37. ...

Nothing in this letter should be construed as confirmation, express or implied, that, for the purpose of any of the rulings given above, any adjustment to the FMV of the properties transferred and the redemption amount of the shares issued as consideration, whether pursuant to a price adjustment clause or otherwise, will be effective retroactively to the time of the transfer and issuance of shares. ...

Succession a transféré XXXXXXXXXX actions de catégorie « A » du capital-actions de Société (ci-après les « Actions Transférées ») en faveur de Nouco, en considération de XXXXXXXXXX actions de catégorie « A » du capital-actions de Nouco, à savoir des actions avec droit de vote et participantes, et du Billet 1, du Billet 2, du Billet 3 et du Billet 4 (collectivement les « Billets ») ne portant pas intérêt, en paiement absolu et complet. ...

2022 Ruling 2022-0925601R3 F- Post-mortem Pipeline Unedited CRA Tags 84(2), 84.1, 245(2) Principal Issues: 1) Whether section 84.1 will apply to reduce the PUC on the shares of the new corporation received as consideration for the disposition of the shares. 2) Whether subsection 84(2) will apply to the proposed transactions. 3) Whether subsection 245(2) will apply to the proposed transactions. ...

As consideration for the units being redeemed, the Trust will assign an equivalent number of its USco shares to Buyco. 23. ...

The Losscos Preferred Shares will not, at any time during the implementation of the Proposed Transactions described herein, be: a. subject of any undertaking that is referred to subsection 112(2.2) as a “guarantee agreement”; b. the subject of a “dividend rental arrangement” as contemplated in subsection 112(2.3); c. the subject of any secured undertaking of the type described in paragraph 112(2.4)(a); or d. issued for consideration that is or includes: (i) an obligation of the type described in subparagraph 112(2.4)(b)(i); or (ii) any right of the type described in subparagraph 112(2.4)(b)(ii). 30. ...