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    Section 85 Rollover Agreement for Land | Canada


    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: 21-April-2021
    SKU: 105