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    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.

    Download Type: Microsoft Word
    Last Updated: 05-January-2022
    SKU: 9194