Debt Forgiveness Rules
This course will go over the technical rules of what
is a forgiven debt, the ordering provisions of applying the forgiven debt, and
planning points, as well as practical insights on how to deal with debt
forgiveness in these recessionary times.
Instructor
Manu Kakkar CPA, CA, TEP, MTAX
Manu has over 20 years of experience in taxation in both domestic and international, personal and corporate taxation as well as litigation support. He runs his own independent tax practice with offices in Montreal and Toronto, serving a diverse client base which includes manufacturing, retail and distribution, construction, farming, real estate, athletes and artists, across Canada and the US. His firm acts as a counsel to over 100 professional firms in Canada and USA specializing in domestic and international reorganizations and transactions. Manu is known as one of the leading experts in Section 55 of the Act and butterfly reorganizations.