• Finance Eliminates Tax Advantages of Stapled Security Transactions
  • July 22, 2011 | Authors: Richard J. Bennett; Stephen J. Fyfe; Stephanie Wong
  • Law Firms: Borden Ladner Gervais LLP - Vancouver Office ; Borden Ladner Gervais LLP - Toronto Office
  • On July 20, 2011, the Department of Finance Canada (Finance) announced proposed amendments intended to eliminate the tax advantages of stapled security transactions. The Press Release and accompanying Backgrounder can be viewed on Finance’s website. Draft legislation has not yet been released.