Restructuring Debt of a Resource Company
|Lawyer||Alan Bowman, Aida Kimiagar|
Excerpt from “Restructuring Debt of a Resource Company”, XIV(3) Resource Journal (Federated Press) 2-6 (2020), Alan Bowman and Aida Kimiagar
Distressed corporations often resort to restructuring their debts into shares of the corporation. However, in situations where those shares constitute taxable Canadian property, these debt exchanges can have negative Canadian tax implications for non-resident creditors. Alan Bowman and Aida Kimiagar discuss these negative tax consequences and suggest a potential solution.
To access the full article using your Taxnet Pro login, click here.