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.