(0) items
You have no items in your shopping cart.
All Categories

    Canada Section 85 Rollover Agreement (Land)


    Use this Section 85 rollover agreement to transfer real property to a corporation in exchange for shares while avoiding capital gains tax.

    • A rollover allows you to transfer the asset under Section 85 of the Income Tax Act (Canada) without attracting capital gains tax on the transaction.
    • In exchange for the land, the corporation purchasing the land issues shares to the vendor in an amount 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 Income Tax Act.
    • A section 85 rollover agreement gives you a means to preserve your assets and reduce your tax liability.
    • This document is governed by Canadian tax laws and is intended for use in Canada only.
    Download Type: Microsoft Word
    Last Updated: 04-March-2020
    SKU: 105
    Customers who bought this item also bought

    Ontario Section 85 Asset Rollover (Land for Preferred Shares)


    Prepare a Section 85 Asset Rollover Agreement of Land for Preferred Shares with this easy-to-use template for Ontario, under Subsection 85(1) of the Income Tax Act (Canada).

    • The vendor sells a parcel of land for fair market value to a holding company in exchange for preferred shares in the holding company (a rollover) with a redemption amount equal to the purchase price of the land.
    • The parties agree to file joint elections as required under the Income Tax Act and 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.
    This Ontario Section 85 Asset Rollover of Land for Preferred Shares is available in MS Word format, and is fully editable to fit your specific circumstances.