EPISODE · Aug 12, 2021 · 19 MIN
Ep. 11 - How to transfer assets to a corporation tax-free
from Smarten Up with JP & Fab · host Campanella McDonald LLP
In this episode JP and Fab cover the ins and outs of transferring assets into a corporation tax-free. Specifically, they discuss an election in the income tax act found in section 85 (1), commonly known as a "rollover". The guys discuss the tax risks of transferring physical and intangible assets (such as a business, customer list, sole-proprietorship etc.) into a corporation, how that may be taxed, and how to avoid this tax by making certain elections.
What this episode covers
In this episode JP and Fab cover the ins and outs of transferring assets into a corporation tax-free. Specifically, they discuss an election in the income tax act found in section 85 (1), commonly known as a "rollover". The guys discuss the tax risks of transferring physical and intangible assets (such as a business, customer list, sole-proprietorship etc.) into a corporation, how that may be taxed, and how to avoid this tax by making certain elections.
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Ep. 11 - How to transfer assets to a corporation tax-free
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