Reforming the Taxation of Foreign Affiliate Share Dispositions: Capital Gains and Surplus Balances
Geoffrey S. Turner
Davies Ward Phillips & Vineberg LLP
June 10, 2009
The author discusses the recommendation of the Advisory Panel on Canada's System of International Taxation, to exempt from Canadian tax, capital gains realized by Canadian-resident taxpayers from dispositions of top-tier foreign affiliate shares that derive all or substantially all of their value from active business assets.
Number of Pages in PDF File: 5
Keywords: Advisory Panel on Canada's System of International Taxation, foreign affiliates
JEL Classification: H25working papers series
Date posted: May 13, 2010
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