Section 85 Asset Rollover for Assets of Operating Company (Ontario)
Price $25.00
Document Id : 1077
Prepare a
Section 85 Asset Rollover for Assets of Operating Company with this easy-to-use template for Ontario.
- The seller (vendor) sells the assets of a company to the purchaser and the purchaser assumes the company's liabilities as part of the purchase price.
- The balance of the purchase price will be secured by a promissory note.
- The parties agree to file joint elections under sections 22 and 97(2) of the Income Tax Act (Canada) and as required under the Ontario Corporations Tax Act.
- The file includes a Section 116 Affidavit to be sworn by a corporate officer of the vendor, if applicable, as well as a Promissory Note.
This
Ontario Section 85 Asset Rollover for Assets of Operating Company template is available in MS Word format, and is fully editable to fit your specific circumstances.
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