Source: https://www.cpacanada.ca/en/career-and-professional-development/courses/core-areas/finance/financial-analysis-and-planning/section-85-property-transfers-to-a-corporation
Timestamp: 2017-01-23 12:35:39
Document Index: 387577082

Matched Legal Cases: ['§85', '§85', '§85', '§84', '§85', '§51', '§86', '§110']

Section 85: Property transfers to a corporation
Courses Section 85: Property transfers to a corporation
Get a strong working knowledge of section 85 and the technical, legal and tax implications it has for corporations. Share
Section 85 of the Income Tax Act permits tax-free transfer of property to a corporation, as long as specific rules are followed.
This online course provides you with working knowledge of tax issues and solutions from both the technical and conceptual perspectives of Section 85 rollovers, with an emphasis on the common tax situations and circumstances facing Canadian small business corporations and resident individuals.
The course is based on the Income Tax Act as it currently stands. Any relevant proposals and pending legislation have been incorporated into these materials as if they had been passed into law. Should any of that pending legislation not be implemented there would be no material effect on the course.
special rules for loss properties, transfer, control
market value and PUC reductions
estate freezes and adjustment clauses
§85 administration
§85(1): The basic range
Special rule(s)
Cost of the consideration received
Transfers of loss properties
Review questions/solutions
Special rule overriding conflicts between deemed agreed amounts
Additional §85(1) matters
Consideration of less than equal value
Consideration exceeds equal value
PUC reductions (tax PUC)
§84.1: PUC reductions, deemed dividends, and “modified ACB”
§85.1 Inter-corporate share exchange
§51 Convertible Property
§86(1) Intra-corporate share exchange
Fair market value (FMV) FMV: Price-adjustment clauses
Incorporation to access §110.6