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Goodmans Publications

Canadian Budget Proposal Affects Cross-Border Financing

March-30-2012

Lawyer Carrie Smit
Area Mergers and Acquisitions, Tax, Private Equity

Summary

The Canadian federal budget tabled on March 29, 2012 (the “Budget”) proposed a number of important amendments that affect cross border planning with Canadian corporations.  One proposal modifies the Canadian “thin capitalization” rules.  This change is likely to affect a significant number of existing financing structures involving foreign-owned Canadian corporations, and may affect future planning.

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