Loss carry-back rules back in play

This year's Federal Budget included a return of the loss carry-back rules. In effect these provisions allow companies that have made a loss in the current year to use that loss to get a refund of tax paid on profits from earlier years. This could provide a handy cash flow injection for businesses struggling through the coronavirus pandemic, but there are some limitations.

You can read the full version here.

Posted: November 16, 2020 | 0 comments



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