The elected value in a Section 85(1)rollover can never be above the fair market value of the non-share consideration.
Correct Answer:
Verified
Q17: A Section 85 rollover can result in
Q18: When a depreciable property is transferred to
Q19: Why does the Income Tax Act provide
Q20: One of the most useful types of
Q21: In an ITA 85(1)rollover, any required PUC
Q23: In a Section 85(1)rollover, the elected value
Q24: Which of the following statements fully describes
Q25: In the context of ITA 85(1)rollovers, the
Q26: In an ITA 85(1)rollover, consideration for the
Q27: Which of the following scenarios would be
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents