An estate freeze can be implemented using either ITA 85 or ITA 86. Which of the following is an advantage of using ITA 85, rather than ITA 86?
A) The use of ITA 85 does not require an election.
B) The use of ITA 85 does not require a corporation to be in place prior to the freeze.
C) The use of ITA 85 will significantly reduce the legal and accounting costs of the freeze.
D) The use of ITA 85 does not involve an exchange of shares.
Correct Answer:
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