Property Transfer Agreement | Canada

The parties agree that the property is being transferred at fair market value.
The purchaser agrees to issue shares in its capital stock to the seller and assume any outstanding encumbrances on the property as payment of the purchase price.
The parties agree to make a joint Section 85(1) election under the Income Tax Act (Canada).
The parties mutually indemnify each other with respect to the transfer.
The agreement sets out the manner of arriving at an agreed amount for depreciable property subject to subsection 85(5.1) of the Act, and eligible capital property subject to subsection 248(1).
The parties intend that the purchase price for the assets be an amount equal to the fair market value of the assets at the date of the agreement.
This template is available in MS Word format, and is fully editable to fit your circumstances.
This legal document is governed by Canadian tax laws.

Document Type:

Microsoft Word

Last Updated: 13-November-2024

SKU: 581

$17.99

Qty:

Product tags

Customers who bought this item also bought

Section 85 Rollover Agreement for Land | Canada

A rollover allows you to transfer the asset under Section 85 of the Income Tax Act (Canada) without attracting capital gains tax on the transaction.
In exchange for the land, the corporation purchasing the land issues shares to the vendor in an amount equal to the fair market value of the land.
The purchaser and vendor agree to jointly file an election under subsection 85(1) of the Income Tax Act.
A section 85 rollover agreement gives you a means to preserve your assets and reduce your tax liability.
This document is governed by Canadian tax laws and is intended for use in Canada only.

$31.99

The special resolution is passed by the directors. It authorizes the corporation to amend its Articles of Incorporation and to convert the shares as part of a corporate reorganization.
The form can be used by federal corporations and by any provincial corporation incorporated under a Business Corporations Act (Alberta, BC, Saskatchewan, Ontario, New Brunswick, Yukon, NWT and Nunavut). A different form may be required in Quebec.
Available as a downloadable MS Word document.

$6.29 $5.99

The shareholders authorize the directors to take all steps necessary to voluntarily dissolve the corporation.
The directors are instructed to discharge all of the corporation's liabilities and distribute the assets.
This template can be used by any company incorporated under a Business Corporations Act, whether federally or provincially. This form may not be valid in Quebec.
You cannot use this form for an involuntary dissolution.
This is a downloadable MS Word document which can be modified to fit your specific circumstances.

$2.29

The developer of the technology also assigns all of its moral rights, to the extent allowable by law.
In exchange for the assignment, the assignee issues the developer shares in the assignee's company.
The developer agrees not to disclose any information about the technology or intellectual property to third parties.
You can edit the Assignment of Technology Agreement to tailor it to your exact circumstances.
This is a generic legal form that does not contain country-specific language.

$17.99

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