Chapter17 - Other Corporate Reorganizations and Estate...

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Continuing Studies at Western The University of Western Ontario Other Corporate Reorganizations and  Estate Freezing Chapter 17 By James B. MacNeill
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Continuing Studies at Western The University of Western Ontario Share-for-Share Exchange Found at Section 85.1 Used in Take-Over Situations Automatic Rollover, if Conditions are Not Met
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Continuing Studies at Western The University of Western Ontario Conditions for Share-for-Share Exchange Shares of Vendor Must be Capital Property Purchaser Must be a Canadian Corporation The Only Consideration that the Vendor Receives is the Shares of the Purchasing Corporation The Vendor and the Purchaser Must Deal with Each Other at Arm’s Length Before and After the Transaction The Exchange Must Take Place at Cost
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Continuing Studies at Western The University of Western Ontario Consequences Vendor Gets a Tax-Free Rollover Purchaser Acquires Shares at the Lesser of FMV and PUC of Target Company
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Continuing Studies at Western The University of Western Ontario Section 86 Reorganization Internal Exchange of Shares Usually Common for Special Shares Used in an Estate Freeze Automatic Rollover
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Chapter17 - Other Corporate Reorganizations and Estate...

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