In certain limited cases when you wind up a subsidiary into a parent, for Canadian income tax purposes you can receive an increase, or bump, in the cost base of the shares of the parent.
"This article provides information of a general nature only. It is only current at the posting date. It is not updated and it may no longer be current. It does not provide legal advice nor can it or should it be relied upon. All tax situations are specific to their facts and will differ from the situations in the articles. If you have specific legal questions you should consult a lawyer."