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Redeemable Preferred Shares - PEAC

Date recorded:

At its meeting on December 1, 2016, the PEAC discussed the status of ongoing field testing to assess the viability of applying “retention of control of an enterprise” as a condition for a classification exception. The Committee also reviewed details of one of the tax planning arrangements being analyzed by the field testing participants. Committee members provided input on the arrangement.

Committee members provided further input into an analysis of the following issues: (i) other conditions that should be met in order for the classification exception to be permitted, in addition to retention of control of the enterprise; and (ii) reclassification considerations.

Review the meeting notes on the AcSB's Web site.

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