• The Taxman Cometh: How Receivers and Trustees Can Avoid Tax Liability
  • April 1, 2014
  • Law Firm: Aird Berlis LLP - Toronto Office
  • When determining whether a distribution of property should be made, the tax consequences not only for the taxpayer, but also for its legal representatives, must be considered. Failing to properly analyze the tax implications of a distribution can expose trustees (including both trustees in bankruptcy and proposal trustees) and receivers to liability for the taxpayer’s obligations.