Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post

BigNumbers · 03-04-2013, 04:36 PM

You cannot sell to a spouse or family member as that is not at arms length. Selling and buying a different class of share is likely not kosher under GAAR. Not likely to get caught, but if you did something to avoid tax you are a target for GAAR.

03-04-2013, 04:36 PM	#212
BigNumbers Powerplay Quarterback Join Date: Jan 2013 Exp:	You cannot sell to a spouse or family member as that is not at arms length. Selling and buying a different class of share is likely not kosher under GAAR. Not likely to get caught, but if you did something to avoid tax you are a target for GAAR.