First Reference company logo

Inside Internal Controls

News and discussion on implementing risk management

machine cogs image

foreign merger

Commissioner of Competition makes his mark: Rare merger challenges

A recent notice of application filed with the Canadian Competition Tribunal is the first contested merger challenge since the Staples / Office Depot transaction in 2015 and the first by the current Commissioner who himself received a permanent appointment as Commissioner only in March 2019.

 

, , ,

Proposed foreign merger rollovers rules: Welcome news to foreign companies that cannot rely on existing tax treaty rollover provisions

On October 27, 2017, under Bill C-63, the Department of Finance released proposed amendments to the Income Tax Act (Canada) (“ITA”) introducing a new elective rule allowing non-residents tax-deferred rollover treatment on dispositions of certain taxable Canadian property (“TCP”) in a foreign merger.

 

, ,