Continuity Rule

"However if, as a final step, Newco and Subco amalgamate, s. 55(3)(a)(ii) instead will be triggered because the unrelated persons, by receiving shares of Amalco, will effectively be deemed under s. 55(3.01)(b) to have acquired a 30% interest in Newco.\n\nNeal Armstrong. Summary of Marissa Halil, David Carolin, and Manu Kakkar, \"Paragraph 55(3.01)(b) Continuity Rule for Amalgamation Could Cause Anomalous Results,\" Tax for the Owner-Manager, Vol. 26, No. 4, October 2026, p. 1 under s. 55(3.01)(b).\n\n8 October 2026 - 12:18am"