If a parent company wishes to incorporate the assets of a majority owned subsidiary into its operations, this goal can be accomplished either through an amalgamation, under ITA 87, or through the wind-up procedures established in ITA 88(1). Briefly describe the different tax effects that result from choosing one or the other of these alternative procedures.

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The Answer of If a parent company wishes to incorporate the assets of a majority owned subsidiary into its operations, this goal can be accomplished either through an amalgamation, under ITA 87, or through the wind-up procedures established in ITA 88(1). Briefly describe the different tax effects that result from choosing one or the other of these alternative procedures.

If a Parent Company Wishes to Incorporate the Assets of a Majority