Exchangeable shares

Also called exchangeable share structure, exchangeables

What is an exchangeable shares?

Shares of a Canadian company that holders can later exchange for shares of a foreign parent company. They are used in cross-border reorganizations, such as a Delaware flip, to help Canadian shareholders defer tax.

Questions about how this applies to you? Book a free 15-minute call.

General information about Ontario and Canadian law, not legal advice. All terms