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Alberta Section 85 Purchase Agreement for Common Shares
Prepare a section 85 Share Purchase Agreement (value stated) with this rollover document package for the Province of Alberta.
- The vendor sells the subject shares to the purchaser in exchange for shares in the capital stock of the purchaser, pursuant to Section 85 of the Income Tax Act (Canada).
- The shares being issued have an aggregate redemption value equal to the fair market value of the vendor shares, with any shortfall in value covered by a promissory note for the balance.
- The parties agree to make such amendments as may be required by any CRA determination that the amounts or values differ from those stated in the agreement, amendments to be retroactive to the effective date.
- The package includes:
- Share Purchase Agreement,
- Schedule of Assets with breakdown of elected amount limits and consideration received,
- Demand Promissory Note form.
- Intended for use in the Province of Alberta, Canada.
$17.99
Setoff and Cancellation Agreement | Canada
Prepare an Agreement for Set-off and Cancellation of Shares between two affiliated Canadian companies with this downloadable template.
- One of the companies (selling company) sells shares to the other (purchasing company), as part of a rollover transaction.
- The purchase price of the shares is set off against the redemption of shares of stock held by the purchasing company in the capital of the selling company.
- The purchaser pays for the shares by way of a promissory note. The vendor redeems the shares and pays the redemption price also by way of promissory note.
- Both promissory notes are for the same amount and set each other off.
- This legal template is available in MS Word format, and is fully editable to fit your specific circumstances.
- This is a Canadian legal document pursuant to the Income Tax Act (Canada).
$6.29
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
