Chapter16 - Tax- Free Rol lover s Chapter 16 By James B....

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    Tax-Free Rollovers     Chapter 16 By James B. MacNeill
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    Tax-Free Rollovers     Section 69 Dictates all Non-Arm’s Length Transactions at FMV The Act Allows for Transfers (Rollovers) at Tax Value Gain or Loss Transferred to the Consideration
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    Section 85 Rollovers     May Apply to Transfers of Property to Corporations Results Depend on: 1) PUC of Consideration 2) Transfer Range between Cost and FMV 3) Type of Consideration Received
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    Technical Rules and Conditions of Section 85     Transferee Corporation Must be a Taxable Canadian Corporation The Consideration Must Include Shares The Property Transferred Must be Eligible Property Both Parties Must File a Joint Election on a Timely Basis
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    Eligible Property Capital Property Eligible Capital Property Resource Property Inventory (Other Than Real Property)
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    Elective Procedure Joint Election Prescribed Form T2057 (Individual, Trust or Corporation)
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Chapter16 - Tax- Free Rol lover s Chapter 16 By James B....

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