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Ontario Section 85 Asset Rollover of Land for Preferred Shares
Prepare a Section 85 Asset Rollover Agreement of Land for Preferred Shares with this easy-to-use template for Ontario, pursuant to Subsection 85(1) of the Income Tax Act (Canada) ("ITA").
- 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 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.
Download: Ontario Section 85 Asset Rollover of Land for Preferred Shares
Related Forms:
- Ontario Asset Purchase Agreement for Assets of Operating Company
- Ontario Section 85 Asset Rollover of Investments
- Ontario Section 85 Rollover Agreement (Assets for Preferred Shares)
- Ontario Section 85 Rollover Corporate Approval & Implementation Package
- Ontario Section 85 Share Rollover Agreement for Common Shares
- Ontario Section 86 Rollover Agreement
- Ontario Section 86 Rollover Resolutions (Fixed Redemption Amount)
- Ontario Section 86 Rollover Resolutions (No Fixed Redemption Price)
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