The New 95(2)(F.1) Carve-Out Rule - Election Deadline Approaching

Turner, Geoffrey

doi:10.2139/ssrn.1605325

Abstract

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The New 95(2)(F.1) Carve-Out Rule - Election Deadline Approaching

Geoffrey S. Turner

Davies Ward Phillips & Vineberg LLP

January 7, 2010

Abstract:
The author discusses the newly enacted "carve-out" rule in paragraph 95(2)(f.1) of the Income Tax Act (Canada) that can exclude certain gains and losses and FAPI amounts accrued in a foreign affiliate of a "designated acquired corporation" before an acquisition of control.

Number of Pages in PDF File: 7

Keywords: foreign affiliate, FAPI, designated acquired corporation

JEL Classification: H25

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Date posted: May 13, 2010

Suggested Citation

Turner, Geoffrey S., The New 95(2)(F.1) Carve-Out Rule - Election Deadline Approaching (January 7, 2010). Available at SSRN: http://ssrn.com/abstract=1605325 or http://dx.doi.org/10.2139/ssrn.1605325

Contact Information

Geoffrey S. Turner (Contact Author)

Davies Ward Phillips & Vineberg LLP ( email )

155 Wellington Street West
Toronto, Ontario M5V 3J7
Canada