The Resource Canada's 88(1)(d) tax cost bump : a guide for foreign purchasers

Canada's 88(1)(d) tax cost bump : a guide for foreign purchasers

Label
Canada's 88(1)(d) tax cost bump : a guide for foreign purchasers
Title
Canada's 88(1)(d) tax cost bump : a guide for foreign purchasers
Creator
Subject
Language
eng
Summary
The increase (or bump) in the cost of property permitted under paragraph 88(1)(d) of the Income Tax Act (Canada) is one of the most powerful and complex tax planning tools in the Canadian income tax system. Commonly known as the 88(1)(d) bump, this cost basis increase reduces or completely eliminates accrued gains that would otherwise be taxed on a disposition of property. It is particularly relevant to foreign purchasers of Canadian corporations, although it is often unavailable to those foreign purchasers in transactions in which something other than money (that is, shares or other securities of the foreign purchaser) is used to pay for the acquisition. This special report gives an understanding of the basic parameters of the 88(1)(d) bump: the intent behind the provision, when it can be used, its most common applications, and its major limitations
Citation source
In: Tax notes international. - Falls Church. - Vol. 72 (2013),
http://library.link/vocab/creatorName
Suarez, S
Geographic coverage
North America
Language note
English
http://library.link/vocab/subjectName
  • tax planning
  • reorganization
  • parent company
  • subsidiary company
  • affiliated companies
Label
Canada's 88(1)(d) tax cost bump : a guide for foreign purchasers
Instantiates
Publication
Label
Canada's 88(1)(d) tax cost bump : a guide for foreign purchasers
Publication

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