Election for nil consideration .: Rv3-2/14-5-2012E-PDF
"This memorandum examines the requirements of the election and the terms set out in section 156 as well as the rules for determining if Canadian partnerships and corporations are closely related for purposes of this election. It also examines the special provision in section 156 that allows a corporation, which exists to receive a transfer of property from an existing corporation as part of a transaction that meets the requirements of paragraph 55(3)(b) of the Income Tax Act (a “butterfly” transaction), to be a party to the election if the corporations satisfy certain requirements"--p. [1].
Permanent link to this Catalogue record:
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| Department/Agency | Canada Revenue Agency. |
|---|---|
| Title | Election for nil consideration . |
| Series title | GST/HST memorandum |
| Publication type | Series - View Master Record |
| Language | [English] |
| Other language editions | [French] |
| Format | Electronic |
| Electronic document | |
| Note(s) | Issued also in French under title: Choix visant les fournitures sans contrepartie. Caption title. "October 2012." Chapter 14.5 of the GST/HST memoranda series. |
| Publishing information | [Ottawa] : Canada Revenue Agency, 2012. |
| Description | 15 p. : ill. |
| Catalogue number |
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| Subject terms | Goods and services tax Harmonized sales tax Income tax |