Which of the following statements fully describes a transferor or transferee under the provisions of ITA 85(1)and (2)?
A)A transferee must be a corporation or trust.
B)A transferee must be a Canadian corporation.
C)A transferor must be an individual or a corporation.
D)Only individuals are permitted to be transferors under ITA 85(1).

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements fully describes a transferor or transferee under the provisions of ITA 85(1)and (2)?
A)A transferee must be a corporation or trust.
B)A transferee must be a Canadian corporation.
C)A transferor must be an individual or a corporation.
D)Only individuals are permitted to be transferors under ITA 85(1).

Which of the Following Statements Fully Describes a Transferor or Transferee