3 December 2024 CTF Roundtable Q. 12, 2024-1037751C6 - Property flipping rules and corporate property transfers -- summary under Paragraph 12(13)(b)

CRA confirmed its comments in 10 October 2024 APFF Roundtable, Q.1 that there are no continuity rules for common reorganization transactions, such as amalgamations, s. 88(1) wind-ups or s. 85(1) rollovers, so that such an event or transfer starts the 365-day period in s. 12(13)(b) running again.

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