Prepare a Section 85 Asset Purchase Agreement to roll over investments with this easy-to-use template for the Province of Ontario, pursuant to Section 85 of the Income Tax Act (Canada) ("ITA"). Provisions of the Agreement include:

• The vendor sells certain investment assets to the purchaser, with part of the purchase price to be paid by way of preference shares in the capital of the purchaser, and the balance secured by a promissory note.
  
• The parties agree to file joint elections under Section 85(1) of the ITA and as required under the Ontario Corporations Tax Act.
  
• The file includes a Section 116 affidavit of residency to be sworn by a corporate officer of the vendor, if applicable, and a form of promissory note.

This is a Canadian legal document in MS Word format, and is fully editable to fit your specific circumstances.