Question
An individual owns 100 percent of the shares of a CCPC. He wishes to exchange these shares for shares of a large public company without
An individual owns 100 percent of the shares of a CCPC. He wishes to exchange these shares for shares of a large public company without incurring a tax liability. Which rollover provision would be the easiest to use for this purpose?
ITA 85(1) - Transfer of property to a corporation.
ITA 87 - Amalgamation.
ITA 85.1 - Share for share exchange.
ITA 51 - Convertible property.
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Canadian Income Taxation Planning And Decision Making
Authors: Joan Kitunen, William Buckwold
17th Edition 2014-2015 Version
1259094332, 978-1259094330
