In a case de novo involving the successor corporation rules, the TCC in Devon Canada (2013 TCC 415) concluded that a corporate partner can deduct “successored” pools against income from a resource property that was transferred to a second-tier partnership after an acquisition of control. Published in the February 2014 issue of Canadian Tax Focus.
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Authors
Marshall R. Haughey, Partner
Calgary, Edmonton • 403.298.3461 • haugheym@bennettjones.com