Tax treatment of securitizations of receivables : Canada

Journal
Friedlander, L.
Finance and Capital Markets (formerly Derivatives & Financial Instruments) 2003 (Volume 5), No. 3
PriceUSD 45

Part of a comparative survey providing coverage across several jurisdictions of corporate tax, VAT and withholding tax treatment of securitization of receivables. This article briefly describes the issuance of assetbacked debt by a bankruptcy-remote trust and the issuance of certificates representing co-ownership interests in receivables, and a selection of the tax consequences typically associated with them as it applies in Canada.