This course is from the 2014/2015 series
This course will cover the often overlooked area of planning for the utilization of tax losses under various scenarios.
Topics to be covered will include:
- An overview of issues relating to the purchase of a loss company
- Debt forgiveness rules revisited
- Taking advantage of Allowable Business Investment Losses (ABILs)
- Tax loss issues (or traps) to (be aware of) or (to avoid) (GAAR, stop-loss rules, administrative CRA practices)
- Tax loss utilization involving trusts
- Intercompany management fees (what are the advantages)
- Converting non-deductible interest into deductible interest
- Transferring pregnant losses
- Crystallizing terminal losses