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Consolidation

Explains how wholly-owned corporate groups are allowed to operate as a single entity for income tax purposes.

Taxing wholly-owned corporate groups as single entities

If your business is a company that owns 100% of another company, trust or partnership, consolidation is an option.

Eligibility

There are certain qualities that must exist in a business structure for it to be eligible for consolidation.

Consolidation pathway

There is a pathway of key steps in choosing, forming and operating as a consolidated group.

Costs and benefits

The consolidation process does have costs, but there can be continued cost benefits for post-consolidation.

Further information on consolidation

Access additional information in our reference manual or contact us for technical enquiries.

In detail

Detailed information about consolidation.

QC17054