Close
Save 20%
(0) items
You have no items in your shopping cart.
All Categories
    Filters
    Preferences
    Search

    Canada Exchange of Shares for Land & Section 85 Election

    $17.99

    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.

    Download Type: Microsoft Word
    SKU: 4119
    Customers who bought this item also bought

    Canada Section 85 Rollover Agreement (Land)

    $29.99

    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.