I’ve a 7-year old loss that is about to expire. Know a creative way to make a deal with rich Company B?
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The loss is $100,000. If Company B has income, can they buy something from Company A for $100,000? Company A can then lend the money back. Company B benefits from an income tax deduction. Some time later when Company A is making money they can reverse the deal. Does this work?
This is a net operating loss for a private commpany registered in BC. R&D has produced $10 million of value, so liquidation is out of the question.
