Ontario Section 86 Rollover Agreement

Prepare a Section 86 Share Purchase (Rollover) Agreement with this easy-to-use template for Ontario companies, pursuant to Section 86 of the Income Tax Act (Canada) ("ITA").

• The vendor shareholder sells the subject shares to a holding company in exchange for preference shares in the capital of the holding company.
• The parties agree to file joint elections under Section 86 under the ITA and as required under the Ontario Corporations Tax Act.
• The file also includes a Section 116 Affidavit Of Residency to be sworn by a corporate officer of the vendor, if applicable.

This Ontario Section 86 Rollover Agreement is available in MS Word format, and is fully editable to fit your specific circumstances.