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14. One of the disadvantages associated with selling the shares of a corporation, rather than selling the assets, is that any resulting gain may be eligible for the lifetime capital gains deduction. A. True. or B. False?

15. The taxpayer who is the transferor in a Section 85 rollover must always receive at least one common and 1 preferred share of the transferee corporation. A. True. or B. False?

16. The most common application of the ITA 86 exchange of shares in a reorganization is to transfer an unincorporated business to a corporation. A. True. or B. False?

17. When used in a Section 86 exchange of shares in a reorganization, the preferred shares received can be voting or non-voting shares. A. True. or B. False?

18. In a Section 85.1 share-for-share exchange, the vendor cannot receive any non-share consideration. A. True. or B. False?

19. The elected transfer price in a Section 85 rollover can never be below the amount of non-share consideration received.

A. True. or B. False?