Products tagged with 'section 85 rollover'

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Picture of Asset Transfer Agreement (Land for Shares) | Canada

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
Picture of Ontario Section 85 Asset Rollover (Land for Preferred Shares)

Ontario Section 85 Asset Rollover (Land for Preferred Shares)

Prepare a Section 85 Asset Rollover Agreement of Land for Preferred Shares with this easy-to-use template for Ontario, under Subsection 85(1) of the Income Tax Act (Canada).

  • The vendor sells a parcel of land for fair market value to a holding company in exchange for preferred shares in the holding company (a rollover) with a redemption amount equal to the purchase price of the land.
  • The parties agree to file joint elections as required under the Income Tax Act (Canada) and the Ontario Corporations Tax Act.
  • The file includes a Section 116 Affidavit of Residency, to be sworn by a corporate officer of the vendor, if applicable.
  • Available in MS Word format and fully editable to fit your specific circumstances.
  • This is a Canadian legal form for use in the Province of Ontario.
$19.99
Picture of Ontario Section 85 Asset Rollover (Investments)

Ontario Section 85 Asset Rollover (Investments)

Roll over certain investments under Section 85 of the Income Tax Act (Canada) with this Ontario Section 85 Asset Rollover template.

  • The vendor sells the investment assets to the purchaser, with part of the purchase price to be paid by way of preference shares in the capital of the purchaser, and the balance secured by a promissory note (included).
  • The parties agree to file joint elections under Section 85(1) of the ITA and as required under the Ontario Corporations Tax Act.
  • The file includes a Section 116 Affidavit of Residency to be sworn by a corporate officer of the vendor (if applicable).
  • This Section 85 Asset Rollover of Investments is provided in MS Word format, and is fully editable to fit your specific circumstances.
  • Intended for use only in the Province of Ontario, Canada.
$29.99
Picture of Ontario Section 85 Rollover Corporate Approval and Implementation Forms

Ontario Section 85 Rollover Corporate Approval and Implementation Forms

Transfer shares under subsection 85(1) of the Income Tax Act (Canada) with this Ontario Section 85 Rollover Corporate Approval and Implementation Forms Package.

  • The package of forms contains:
    • Bill of Sale and Indemnity, including the vendor's indemnity of the purchaser, and representations and warranties with respect to the sale;
    • Corporate Resolutions approving and authorizing the transaction;
    • Share Transfer Form transferring shares from the vendor to the purchaser;
    • Share Subscription from the vendor for new shares being issued by the purchaser as payment for the shares being transferred in the rollover.
  • This package of forms is provided in MS Word format, and the forms are all fully editable to fit your specific circumstances.
  • Intended to be used only in the Province of Ontario, Canada.
$17.99
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