A Section 85 rollover can result in an ITA 15(1)shareholder benefit to the transferor. Explain how this benefit can arise.

Name: A Section 85 rollover can result in an ITA 15(1)shareholder benefit to the transferor. Explain how this benefit can arise.
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The Answer is An ITA 15(1)shareholder benefit will arise in a Section 85(1)rollover if the transferor takes back total consideration that has a fair market value that exceeds the fair market value of the assets that he has transferred.

A Section 85 Rollover Can Result in an ITA 15(1)shareholder