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Section 85 Rollover Agreement (Common to Preferred Shares) | Canada
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.
$29.99
Alberta Section 85 Rollover Agreement for Newco Shares
Exchange common shares held by a shareholder for shares in a new company with this easy Section 85 Rollover Agreement for Alberta corporations.
- The parties will file a joint election under s. 85 of the Income Tax Act (Canada).
- The purchase price for the existing common shares will be equal to the fair market value of the shares at the effective date of the agreement.
- The amounts will be adjusted accordingly if any taxing authority determines that the FMV is different from that determined by the agreement, retroactive to the effective date.
- The agreement includes a Schedule of Assets with breakdown of elected amount limits and consideration received.
- This legal form is available as a downloadable MS Word document.
- Intended for use in the Province of Alberta, Canada.
$11.99
Alberta Section 85 Rollover Package for Assets
Prepare a Section 85 Rollover Agreement (assets for shares) with this downloadable package of forms for Alberta corporations.
- The vendor sells the assets to the purchaser in exchange for voting shares in the capital stock of the purchaser.
- The purchase price for the assets will be equal to the fair market value of the assets at the effective date of the agreement.
- The parties will file a joint election under s. 85 of the Income Tax Act (Canada).
- The amounts will be adjusted accordingly if any taxing authority determines that the FMV is different from that determined by the agreement, retroactive to the effective date.
- The package includes:
- Asset Purchase Agreement,
- Schedule of Assets with breakdown of elected amount limits and consideration received,
- Promissory Note.
- This legal form is available as a downloadable MS Word document.
- Intended for use in the Province of Alberta, Canada.
$14.99
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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.
$31.99
Section 85 Rollover Agreement (Common to Preferred Shares) | Canada
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.
$29.99
Promissory Note for Asset Purchase or Rollover | Canada
Secure the balance payable to the vendor under an asset purchase or rollover agreement with this Promissory Note form for Canadian businesses.
- No interest will accrue on the principal balance prior to default or maturity.
- The full amount outstanding will become due and payable on demand if the purchaser declares bankruptcy, ceases to do business, or otherwise defaults under the terms of the Note.
- The balance may be totally or partially prepaid without bonus or penalty.
- Available in MS Word format.
- Intended to be used only in Canada.
$6.29
Asset Transfer Agreement (Land for Shares) | Canada
Make an exchange of land for shares under section 85 of the Income Tax Act (Canada) with this Asset Transfer Agreement.
- The parties are both Canadian corporate entities.
- 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 an election under Section 85.
- The Asset Transfer Agreement is part of an asset exchange (rollover) transaction.
- This document complies with Canadian tax laws and is only for use in Canada.
$11.99
