Section 61.3 - Reserve for debt forgiveness for resident individuals

Subsection 61.3(3) - Anti-avoidance

Administrative Policy

19 December 2013 External T.I. 2012-0468851E5 F - Deduction for Insolvency

Mco has a wholly-owned subsidiary (Aco) which is in financial difficulty, is not an insurance corporation, bank or credit union, does not have any...

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