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Hubble Inc. owns 100% of the shares of Palomar Ltd. Hubble has decided to combine with its subsidiary. It has asked for your advice on

Hubble Inc. owns 100% of the shares of Palomar Ltd. Hubble has decided to combine with its subsidiary. It has asked for your advice on whether the combination should proceed by way of an amalgamation to which ITA 87 will apply or a dissolution of the subsidiary to which ITA 88(1) would apply

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