Schedule 44, Non-Arm's Length Transactions
Schedule 44, Non-Arm's Length Transactions
Complete Schedule 44 if all or substantially all of the assets of a non-arm's length corporation are transferred to or received by you in the tax year and subsections 85(1), 85(2) or 142.7(3) applied to any of the transactions.
Generally, the CRA considers all or substantially all to be at least 90%. You have to evaluate all assets at cost or fair market value.
When this kind of non-arm's length transaction takes place, the instalment requirements of the transferee corporation have to take into account those of the transferor corporation.
Reference
Regulation 5301(8)
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