When control of a corporation is acquired, ITA 111(4)(e)permits the acquired corporation to elect to have a deemed disposition of any of its capital properties on which there is either unrealized recapture of CCA or unrealized capital gains. Under what circumstances would you advise a client to make this election? Briefly explain your conclusion.

Question

Quizplus · Accepted Answer

The Answer of When control of a corporation is acquired, ITA 111(4)(e)permits the acquired corporation to elect to have a deemed disposition of any of its capital properties on which there is either unrealized recapture of CCA or unrealized capital gains. Under what circumstances would you advise a client to make this election? Briefly explain your conclusion.

When Control of a Corporation Is Acquired, ITA 111(4)(e)permits the Acquired