Amalgamating two or more corporations can serve different purposes, some of which include reducing ones overhead costs, using the losses of one corporation to reduce taxes payable by another corporation, expanding, diversifying or simply amalgamating as the result of a rollover (pipeline) transaction under the Income Tax Act (Canada). The type of amalgamation (i.e. vertical amalgamation or horizontal amalgamation) will depend on the relationship between the two corporations being amalgamated. When considering whether an amalgamation is right for your business from a financial and tax perspective, it is important to seek the advice of an accountant before commencing anything. One of our experienced corporate lawyers can assist you with your amalgamation. Call us today at 647-930-1518.

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