The goods on GAAR
Article Abstract:
A general anti-avoidance rule (GAAR) was added to the Income Tax Act in 1988 which empowered Revenue Canada to question tax avoidance cases or abuses where there are no definite anti-avoidance rules. GAAR has only been recently invoked as part of Revenue Canada's regular standard audit procedures. GAAR aims to prevent the abuse of tax avoidance transactions without destabilizing legal commercial or family transactions in tax planning.
Publication Name: CA Magazine
Subject: Business
ISSN: 0317-6878
Year: 1996
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Cash, change and GST
Article Abstract:
Changes on the GST due to corporate reorganizations have not been understood well. Amalgamations, windups, sales of shares, sales of assets and dispositions of a business are the type of corporate changes which are of the main interest. Acquisitions, discontinuation of a business and apportionment of costs in consideration of input tax credits are of supplementary interest.
Publication Name: CA Magazine
Subject: Business
ISSN: 0317-6878
Year: 1995
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The target's tally
Article Abstract:
The issue of the tax treatment of costs incurred in the corporate takeovers in Canada is discussed, with focus on the complexity and confusion of this and the need for the Canada Customs and Revenue Agency to provide clarification.
Publication Name: CA Magazine
Subject: Business
ISSN: 0317-6878
Year: 2000
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