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?

Question

Quizplus · Accepted Answer

ITA 85.1 - Share for share exchange is the easiest rollover provision to use for this purpose. This allows for the exchange of shares of a CCPC for shares of a large public company without incurring a tax liability.

An Individual Owns 100 Percent of the Shares of a CCPC