Property Transfer Agreement (Canada)
Prepare an Agreement for the Transfer of Property at fair market value, with this template form for Canada, between a buyer and seller of a business. The parties to the Agreement are both corporate entities. Provisions of the Agreement include:
This is a Canadian document template in MS Word format.
- The purchaser agrees to issue shares in its capital stock to the seller and assume any outstanding encumbrances on the property as payment of the purchase price.
- The parties agree to jointly make a section 85(1) election under the Income Tax Act (Canada).
- The parties mutually indemnify each other.
- The agreement sets out the manner of arriving at an agreed amount for depreciable property subject to subsection 85(5.1) of the Act, and eligible capital property subject to subsection 248(1).
- The parties intend that the purchase price for the assets be an amount equal to the fair market value of the assets at the date of the agreement.
This is a Canadian document template in MS Word format.
File Details
| Price: | $25.00(CAD) |
| Document ID: | 581 |
| Downloads: | 13 |
| Date Added: | 2002-01-01 |
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