Canada: Thinking Of Co-Signing A Business Loan? Loan Guarantors Are ‘On The Hook' For The Business' Debt, Talk To A Canadian Tax Lawyer First - Rotfleisch & Samulovitch P.C.
Friday, 9 June 2023
According to the Federal Court decision in Abrametz v. The Queen, when a taxpayer makes a payment under a guarantee for a corporation's indebtedness, it is generally regarded that the taxpayer has acquired the rights of the creditor ...
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