Canadian Webinar: Debt Forgiveness and Losses
1:00 – 2:40 pm ET
3 hrs CPE/CPD in Taxes
Program Level: Intermediate
The most common issues in recessionary times are debt forgiveness and utilization of losses. This course will go over both topics as well as their practical interaction.
This course will go over the technical rules of what is a forgiven debt, the ordering provisions of applying the forgiven debt, and planning points.
Insofar as to loss utilization, this course goes over loss restriction events (including but not limited to an acquisition of control) and rules permitting the utilization of losses in an affiliated group.
Learning Objectives
You will learn the answers to theses questions
- What is a commercial debt obligation?
- What are the debt forgiveness ordering rules?
- What is a stop loss?
- What are the restrictions on a loss restriction event?
Speaker Bio
Manu Kakkar
Kakkar CPA Professional Corporation
| Manu has over 20 years of experience in taxation in both domestic and international, personal, and corporate taxation as well as expert witness reports and testimony.
He is an award winning and prolific tax writer. His Master of Taxation thesis on butterfly reorganizations won 2 awards and was published in the Canadian Tax Journal. Manu has published and presented over 450 tax articles and presentations across Canada since 2001. Manu is an authority in taxation as his name has been cited 41 times in the Income Tax Act. |
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