The most common application of the ITA 86 exchange of shares in a reorganization is to transfer an unincorporated business to a corporation.

Question

Quizplus · Accepted Answer

The most common application of the ITA 86 exchange of shares in a reorganization is typically for shareholders to exchange their shares in one corporation for shares in another corporation as part of a corporate reorganization, not specifically for transferring an unincorporated business to a corporation.

The Most Common Application of the ITA 86 Exchange of Shares