When a taxpayer transfers a business using the provisions of ITA 85, he is generally advised not to list accounts receivable among the assets that are included in the election. What is the basis for this advice?

Question

Quizplus · Accepted Answer

The Answer of When a taxpayer transfers a business using the provisions of ITA 85, he is generally advised not to list accounts receivable among the assets that are included in the election. What is the basis for this advice?

When a Taxpayer Transfers a Business Using the Provisions of ITA