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

    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.

    Download Type: Microsoft Word
    Last Updated: 17-January-2024
    SKU: 9195