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SignUp Now!Its callled rolling and it is done between related entities i.e. you delay tax payments.
It does NOT exist in Canada between unrelated firms.
Can you please go into a bit more details about a related vs a non-related entity?
Check any of these links on section 85 rollover provisions in Canadian tax act https://www.google.ca/search?q=cra+tax+rollover
Do you have personal experience with this? I am looking at buying/long term leasing a business and I’m wondering if this could be used by a partner and I to roll the business into a corporate position so we can avoid the tax burden on sale and also structure our pay outs in lower taxed dividends
Obviously, partly a math question (we are working through one now). But which route do you prefer?