For an acquisition to be tax-free, the acquisition must involve two Canadian corporations subject to corporate income tax.

Name: For an acquisition to be tax-free, the acquisition must involve two Canadian corporations subject to corporate income tax.
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Question

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The Income Tax Act of Canada requires that both the acquiring and target corporations be Canadian corporations subject to corporate income tax in order for the acquisition to be tax-free.

For an Acquisition to Be Tax-Free, the Acquisition Must Involve