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    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 (Canada) 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.
    • Available in MS Word format and fully editable to fit your specific circumstances.
    • This is a Canadian legal form for use in the Province of Ontario.
    Download Type: Microsoft Word
    Last Updated: 26-January-2024
    SKU: 4916