Recent events have driven financial institutions around the world to attempt to strengthen their capital positions in order to better withstand the current economic downturn. As if the current economic environment was not challenging enough for these institutions, a popular vehicle used by Canadian banks and life insurers for raising capital was inadvertently caught by the special regime of tax rules applicable to "specified investment flow-through" trusts and partnerships. Co-authored with Chris Van Loan and originally published in
Innovative Financing, Vol. II, No. 4, P. 113, 2009.
Please note that this publication presents an overview of notable legal trends and related updates. It is intended for informational purposes and not as a replacement for detailed legal advice. If you need guidance tailored to your specific circumstances, please contact one of the authors to explore how we can help you navigate your legal needs.
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