What Business Lawyers Need to Know about Stated Capital and Paid-Up Capital(Archived Video Stream) 

May 10, 2012
Toronto Online

This is the archived version of a program presented on May 10, 2012.  This will not become available until 2 weeks after the orginal program date.  To order this format please click on the "REGISTER NOW" button.   

This session will provide business lawyers with a review of the corporate law concept of stated capital and the income tax concept of paid-up capital. The presenters will discuss the purposes of these key concepts; how they are related and can differ; how they apply and may be used in different forms of distributions to shareholders, certain other corporate actions and share transactions; and related tax planning opportunities.

Focusing on Ontario's Business Corporations Act and the Canada Business Corporations Act, this session will review the rules and planning opportunities in connection with share issuances, dividends, returns of capital, stock dividends, share conversions, repurchases and redemptions, and corporate continuances and amalgamations. From an income tax perspective, stated capital forms the basis upon which paid-up capital is determined. Paid-up capital is a valuable tax resource relevant to many transactions involving a corporation and its shareholders.

Reorganizations structured to access or maximize a corporation's paid-up capital have been the focus of some recent high profile tax cases. The presentation will review how paid-up capital is relevant to certain common corporate transactions and how this tax attribute may be accessed and preserved.

Speakers: Bliss White, Partner, Blake, Cassels & Graydon LLP
Chris Van Loan, Partner, Blake, Cassels & Graydon LLP

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    For 1 to 3 Participants
    CBA Member: $40*
    Non-Member: $65*

    For 4 or more Participants
    CBA Member: $65*
    Non-Member: $100*
    *plus applicable taxes



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