Corporate Restructuring – Fundamentals

CPD Hours: 7 |

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Corporate Restructuring – Fundamentals
Corporate Restructuring – Fundamentals





    The need for entities to continually restructure represents a present reality in the modern business landscape, including the fields of accounting and tax. Your client’s business and personal situation is constantly changing. The existing business structure may no longer be suitable or ideal and you are seeking tax-efficient alternatives This course highlights fundamental income tax considerations that arise in corporate reorganizations, including a discussion of related provisions and key pitfalls to avoid.

    Under the Income Tax Act, several corporate reorganization alternatives contain complex provisions that often interact with related or anti-avoidance provisions. There are a number of corporate reorganization alternatives that can be implemented under the Income Tax Act. Some of the provisions are complex and often interact with related provisions or anti-avoidance provisions.  It is common for the shares and debt of corporates to be transferred between taxpayers and entities for both tax and non-tax reasons.

    This course will provide you with a summary of the tools available to affect these transfers or mergers in a tax efficient manner. The course also considers the traps and anti-avoidance rules to consider when entering into such transactions. Extensive examples are used to highlight strategies and issues associated with the process of initiating a corporate reorganization.



    Course Content:

    In this course, you will gain knowledge about the following topics:

    • Concepts that drive the presentation and disclosure requirements 
    • Statement of operations presentation and related disclosures 
    • Statement of financial position presentation and related disclosures, e.g. financial instruments 
    • Statement of changes in net assets 
    • Statement of cash flow presentation and related disclosures 
    • Choosing a presentation methodology and understanding the different methods for accounting for contributions 


    Learning Objectives:

    Upon completing this course, you should be able to:

    • Identify the differences between the various share for share and debt for share reorganization provisions, and the tax consequences of each
    • Describe and apply the Canadian consequences of, and the differences between, a windup and a merger
    • Identify the anti-avoidance rules to consider when effecting a corporate reorganization
    • Describe the mechanics of and the tax consequences of a tax-deferred divisive reorganization



    Who Will Benefit: 

    Practitioners or financial executives with limited experience in share/debt reorganizations, consolidations, wind-ups, amalgamations and the GAAR. Professionals involved in corporate reorganizations and practitioners seeking an increased understanding of relevant Canadian income tax provisions.

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