Corporate

Amalgamations

Many of our clients use multiple corporations to conduct their business in the past in order to complete various financings, purchases of other businesses, and to operate different aspects of the their business. Some of these clients have determined that the extra corporations are no longer required or limit their tax opportunities in relation to the small business limits and have therefore determined it to be advantageous to amalgamate their corporations.

When instructions are received from a client to amalgamate its corporations, the 2020 Law Group works with the client and its accountant to ensure that the resulting corporation is structured in the manner that is best for the client's business in the future while at the same time as being careful not to trigger a deemed fiscal year end.

If you are considering amalgamating your corporations, please contact the 2020 Law Group at (403) 730-2020 and your accounting professional to discuss.