Canada Section 85 Rollover Agreement (Common to Preferred Shares)

Prepare a Section 85 Rollover Agreement for a transfer of shares from a shareholder to a corporation with this template for Canada, under S. 85 of the Income Tax Act.

  • The shareholder sells common shares to the corporation in exchange for preferred shares.
  • The parties agree to file a joint election for fair market value of the old shares.
  • The purchase price is adjusted to ensure that the redemption amount for the new shares does not exceed any reassessment of the fair market value of the original shares, or vice versa.
  • The file also includes corporate resolutions approving and authorizing the rollover.
This Canada Section 85 Rollover Agreement (Common to Preferred Shares) is provided in MS Word format, and is fully editable to fit your specific circumstances.
SKU: 119
$29.99
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Canada Exchange of Shares for Land & Section 85 Election

Make an election under section 85 of the Income Tax Act (Canada) for an exchange of shares for land with this downloadable easy form.

  • The parties are both Canadian corporations.
  • The seller transfers the land to the buyer. In exchange the buyer assumes the mortgage on the land and issues shares of its capital to the seller.
  • The parties agree to jointly file a Section 85 election.

The Canada Exchange of Shares for Land & Section 85 Election form is required to complete the asset exchange transaction.

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Canada Section 86 Rollover Agreement (Shares)

Prepare a Section 86 Asset Rollover Agreement for a rollover of shares as part of a corporate reorganization, with this easy-to-use template for Canadian corporations.

This package contains the following documents:
  1. Share Exchange Agreement pursuant to Section 86 of the Income Tax Act (Canada).
  2. Corporate resolutions to authorize the transaction.
  3. Subscription form for the new shares.
This Canada Section 86 Rollover Agreement (Shares) is provided in MS Word format, and is fully editable to fit your specific circumstances.
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Canada Section 85 Rollover Agreement (Land)

Transfer land into a corporation tax-free with this Canada Section 85 Rollover Agreement for Land.

  • A rollover allows you to transfer the asset under Section 85 of the Income Tax Act without attracting capital gains tax on the transaction.
  • In exchange for the land, the purchaser corporation issues shares to the vendor equal to the fair market value of the land.
  • The purchaser and vendor agree to jointly file an election under subsection 85(1) of the Act.

Preserve your assets and reduce your tax liability with the Canada Section 85 Rollover Agreement for Land.

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