Pillsbury Holdings did not apply to a sale by a corporation ("Highland") to its individual shareholders of shares of a subsidiary ("Berkam") worth $100,000 for cash consideration of $200, because in the present case there was a clear invoking of the provisions of sections 15(1)(c) and 245(2). Walsh, J. stated that "there was no reorganization whatsoever of Highland's capital structure or business, the reorganization having taken place with respect to Berkam".
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Tagline
no reorganization of corporation
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
334317
Extra import data
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"field_legacy_header": "<strong><em>Bernstein v. MNR</em></strong>, 74 DTC 6041, [1974] CTC 4 (FCTD), affirmed 77 DTC 5187, [1977] CTC 328 (FCA) <strong>[no reorganization of corporation]</strong>",
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"field_legacy_header": "<strong><em>Bernstein v. MNR</em></strong>, 74 DTC 6041, [1974] CTC 4 (FCTD), affirmed 77 DTC 5187, [1977] CTC 328 (FCA) <strong>[no reorganization of corporation]</strong>",
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