{"id":1235,"date":"2014-08-18T15:49:02","date_gmt":"2014-08-18T15:49:02","guid":{"rendered":"https:\/\/thor.ca\/\/blog\/?p=1235"},"modified":"2014-08-18T15:49:02","modified_gmt":"2014-08-18T15:49:02","slug":"cra-adopts-favorable-position-on-liquidation-of-foreign-affiliate","status":"publish","type":"post","link":"https:\/\/www.thor.ca\/blog\/2014\/08\/cra-adopts-favorable-position-on-liquidation-of-foreign-affiliate\/","title":{"rendered":"CRA adopts favorable position on liquidation of foreign affiliate"},"content":{"rendered":"<p>In <a href=\"http:\/\/thor.ca\/blog\/wp-content\/uploads\/2014\/08\/2014-0536331E5.pdf\">2014-0536331E5<\/a>, the CRA ignored a technical timing problem on the liquidation of a foreign affiliate.  In the CRA\u2019s view, the deemed disposition of active business assets at fair market value under s. 88(3)(b) should not generate foreign accrual property income (FAPI) for the liquidating affiliate, notwithstanding that such disposition technically occurs at a time when the foreign affiliate no longer owns the property.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In <a href=\"http:\/\/thor.ca\/blog\/wp-content\/uploads\/2014\/08\/2014-0536331E5.pdf\">2014-0536331E5<\/a>, the CRA ignored a technical timing problem on the liquidation of a foreign affiliate.  In the CRA\u2019s view, the deemed disposition of active business assets at fair market value under s. 88(3)(b) should not generate foreign accrual&hellip;<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-1235","post","type-post","status-publish","format-standard","hentry","category-corporate-tax"],"_links":{"self":[{"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/posts\/1235","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/comments?post=1235"}],"version-history":[{"count":0,"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/posts\/1235\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/media?parent=1235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/categories?post=1235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/tags?post=1235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}