MGAD65H3 Lecture Notes - Lecture 17: Deferral, Vertical Integration, Share Capital
14 Oct 2017
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Ch17 income deferral: other rollovers and use of rollovers in estate planning. Is a merger of 2 or more corp (predecessors) into a single legal entity. A new corp is deemed to have been formed: a(cid:373)alga(cid:373)ated (cid:272)o(cid:373)pa(cid:374)(cid:455)"s (cid:455)ear starts o(cid:374) the first day of amalgamation and amalco can choose any year-end date. &sub) will age by 1 extra year: one short taxation yr will be counted in respect of unpaid amount, investment tax credit carryovers, cca. Like placing the bs of 2 corp side by side and adding together the similar accounts on each bs based on the tax value such as acb or ucc of each asset. Become a single bs based on those tax values with no realization of cg or losses or recapture. Pre amalgamation losses can be cf for the remainder of their cf taxation yrs.
