Fundamentals of Canadian Income Tax, Volume 2: Corporate Tax
By: Vern Krishna, C.M., Q.C., LL.M. (Harvard), DCL (Cambridge)
ISBN/ISSN/Product Number: 978-0-7798-6650-2
Product Type: Book S.O. Annual/biannual/biennial
Anticip. Upkeep Cost: Annual volumes supplied on standing order subscription
Number of Pages: 810 pages
Number of Volumes: 1 volume bound
Binding: softcover
Publication Date: 2018-04-27
Publisher: Carswell
Price: $130.00

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Description

Volume 2 of Fundamentals of Canadian Income Tax picks up from where Volume 1 left off, and examines the fundamental principles of corporate income tax law. This volume introduces students to the income tax implications of corporate, commercial, and family transactions. As with its companion piece, Volume 1, we use a building block approach, starting with basic and fundamental legal principles of alternative business structures and their income tax effects.

We look at the underlying policies and structure for the income taxation of corporations and shareholders, financing arrangements for equity and debt capital, the use of professional corporations, the taxation of business and investment income of private corporations, shareholder compensation, and corporate distributions to shareholders. In addition, we examine the nature of corporate reorganizations, tax-deferred rollovers, and non-arm’s length share transfers, amalgamations, winding-up, the taxation of non-residents, transfer pricing, and selected aspects of estate planning.

The text is current to January 1, 2018 and incorporates changes announced by the Minister of Finance, but which will be enacted into law later in 2018.  It also contains a comprehensive glossary of tax and financial terms, which will be useful for students, and practitioners in commercial practices.

About the Author

Vern Krishna, CM, QC, LL.M. (Harvard), DCL (Cantab) is Counsel at TaxChambers LLP and a Professor of Common Law at the University of Ottawa. Professor Krishna is a national expert in the area of tax and is the author of fifteen texts in tax, international tax, and business law. The Supreme Court of Canada has cited his texts in numerous cases. He is listed in the Lexpert Directory of Best Lawyers in Canada — Tax Law, Estates and Trusts, and Appellate Advocacy.

Krishna's practice is comprised of tax litigation and dispute resolution, international tax, and planning and wealth management. He acts as counsel in income tax matters, representing corporate and individual clients with Canada Revenue Agency, and in administrative appeals and negotiations. In addition, Krishna has significant experience litigating at the Tax Court of Canada, the Federal Court, the Federal Court of Appeal and the Supreme Court of Canada.

As one of Canada's leading legal scholars, Krishna has made remarkable contributions to the legal profession. He is a member of the Order of Canada and Queen's Counsel, a recipient of the Queen's Diamond Jubilee Medal, and the Governor General's 125th Anniversary Medal of the Confederation of Canada. He is a Fellow of the Royal Society of Canada (FRSC) and the Chartered Professional Accountants of Canada (FCPA). He served as the elected head (Treasurer) of the Law Society of Upper Canada from 2001-03.

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