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CPD Tax - Associated Corps

On Demand

Associated Corporations

$69.00

When creating tax planning strategies and assessing current tax situations, it is important to understand the rules that make corporations associated with each other and the income tax implications arising from being associated for income tax purposes in Canada. 

Hours
1.0

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SKU: TX001 Category: Tag:

Description

This course explores the concept of Associated Corporations, as legislated in section 256 of the Income Tax Act (“ITA”). Knowing and understanding the income tax implications of whether corporations are associated with each other is an important aspect of correctly computing corporate taxes payable, determining tax strategies and different structuring alternatives; such issues commonly arise when dealing with groups of corporations in practice. This course covers the fundamental “basic” rules of association, as well as various common “special” rules.

By the end of this course, you will be able to:

  • Explain the income tax implications arising from being associated for income tax purposes in Canada.
  • Explain the technical rules that make corporations associated with each other.
  • Apply these technical rules to situations that you may encounter in real life.