Due to maintenance, the Publications.gc.ca website may operate intermittently between 5:00 am ET until 9:00 am ET on Sunday, October 22, 2017.
Election for nil consideration: Rv3-2/14-5-2012E-PDF
"This memorandum examines the requirements of the election and the terms set out in section 156 as well as the rules for determining if Canadian partnerships and corporations are closely related for purposes of this election. It also examines the special provision in section 156 that allows a corporation, which exists to receive a transfer of property from an existing corporation as part of a transaction that meets the requirements of paragraph 55(3)(b) of the Income Tax Act (a “butterfly” transaction), to be a party to the election if the corporations satisfy certain requirements"--p. .
|Department/Agency||Canada Revenue Agency.|
|Title||Election for nil consideration|
|Series Title||GST/HST memorandum|
|Publication Type||Series - View Master Record|
|Other Language Editions||[French]|
|Electronic Document|| |
Information identified as archived is provided for reference, research or recordkeeping purposes. It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please contact the authoring department to request a format other than those available.
We invite you to consult the Frequently Asked Questions page for additional information regarding the Archived Content notice.
Note: The URLs contained in this/these document(s) may no longer be functional
|Note||Issued also in French under title: Choix visant les fournitures sans contrepartie. Caption title. "October 2012." Chapter 14.5 of the GST/HST memoranda series.|
|Number of Pages||15 p. :|
|Subject Terms||Goods and services tax, Harmonized sales tax, Income tax|
- Date modified: