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    Canada Section 85 Rollover Agreement (Common to Preferred Shares)

    $29.99

    Prepare a Section 85 Rollover Agreement for a share exchange between a corporation and a shareholder with this template form, pursuant to s. 85 of the Income Tax Act (Canada).

    • The shareholder sells common shares it holds in the capital stock of the corporation back to the corporation in exchange for new preferred shares, to be issued from Treasury.
    • The parties agree to file a joint election for fair market value of the old common 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 old shares, or vice versa.
    • This document package contains:
      • a template Share Purchase Agreement, and
      • a set of corporate resolutions of the directors and shareholders approving and authorizing the rollover.
    • The rollover forms package is provided in MS Word format and is fully editable to fit your specific circumstances.
    • This legal document is compliant with Canadian tax laws and is intended for use only in Canada.
    Download Type: Microsoft Word
    Last Updated: 23-May-2019
    SKU: 119
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    Ontario Section 85 Rollover Agreement (Assets for Preferred Shares)

    $17.99

    Exchange (roll over) certain assets for preferred shares in an Ontario company with this Section 85 Rollover Agreement (Assets for Preferred Shares).

    • The rollover is pursuant to Subsection 85(1) of the Income Tax Act (Canada).
    • The vendor shareholder sells the subject shares to a holding company in exchange for preferred shares in the capital stock of the holding company with a redemption amount equal to the purchase price.
    • The parties agree to file joint elections under Section 85(1) under the ITA 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.
    The Ontario Section 85 Rollover Agreement (Assets for Preferred Shares) is available in MS Word format, and is fully editable to fit your specific circumstances.

    Ontario Section 85 Share Rollover Agreement (Common Shares)

    $17.99

    Exchange shares for shares with this Ontario Section 85 Share Rollover Agreement for Common Shares.

    • The vendor shareholder sells the subject shares to a holding company in exchange for common shares in the capital stock of the holding company, pursuant to Section 85 of the Income Tax Act (Canada).
    • The parties agree to file joint elections under Section 85(1) under the ITA 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.
    This Ontario Section 85 Share Rollover Agreement for Common Shares is available in MS Word format, and is fully editable to fit your specific circumstances.

    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.