Products tagged with 'section 85 rollover'

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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 shareholder sells common shares it holds in the capital stock of the corporation back to the corporation in exchange for new preferred shares, to be issued from Treasury.
The parties agree to file a joint election for fair market value of the old common shares.
The purchase price is adjusted to ensure that the redemption amount for the new shares does not exceed any reassessment of the fair market value of the old shares, or vice versa.
This document package contains:
- a template Share Purchase Agreement, and
- a set of corporate resolutions of the directors and shareholders approving and authorizing the rollover.
The rollover forms package is provided in MS Word format and is fully editable to fit your specific circumstances.
This legal document is compliant with Canadian tax laws and is intended for use only in Canada.

$29.99

The assets are being transferred as a rollover under section 85(l) of the Income Tax Act (Canada).
The vendor and purchaser will jointly file an election with respect to the transaction.
In the event of an uncontested re-assessment by Canada Revenue Agency, the aggregate cost amount set out in the reassessment notice will constitute the cost amount of the assets.
This is a Canadian legal form. Downloadable and fully editable in MS Word format.

$17.99

The vendor shareholder sells the subject shares to a holding company in exchange for common shares in the capital stock of the holding company, pursuant to Section 85 of the Income Tax Act (Canada).
The parties agree to file joint elections under Section 85(1) under the ITA and as required under the Ontario Corporations Tax Act.
The file includes a Section 116 Affidavit to be sworn by a corporate officer of the vendor, if applicable.
This Section 85 Share Rollover Agreement for Common Shares is intended for use only in the Province of Ontario, Canada.
Available in MS Word format, fully editable to fit your specific circumstances.

$17.99

The rollover is pursuant to Subsection 85(1) of the Income Tax Act (Canada).
The vendor shareholder sells the subject shares to a holding company in exchange for preferred shares in the capital stock of the holding company with a redemption amount equal to the purchase price.
The parties agree to file joint elections under Section 85(1) under the ITA and as required under the Ontario Corporations Tax Act.
The file includes a Section 116 Affidavit to be sworn by a corporate officer of the vendor, if applicable.
The document is available in MS Word format and is fully editable to fit your specific circumstances.
Intended to be used only in the Province of Ontario, Canada.

$17.99

The transaction is a rollover made pursuant to the Nova Scotia Companies Act and s. 85(1) of the Income Tax Act (Canada).
The parties to the transaction are a company and a shareholder. The shareholder transfers the assets to the company in return for common shares.
Section 109(2) of the Companies Act requires the parties to execute a contract in this form prior to the issuance of the common shares.
This Section 85 Asset Rollover Agreement is a downloadable template in MS Word format.
Intended for use only in the Province of Nova Scotia, Canada.

$6.29