Canadian Webinar: Section 85

Type: Webinar with NA CPE

30 November 2022 2:00 pm ET
30 November 2022 4:00 pm ET

2:00 – 4:00 pm EST

Untitled Document

2 hrs CPE/CPD in Tax

Program Level: Basic  

Canadian Webinar: Section 85         

Section 85 is a useful provision in the context of estate planning and business reorganizations. This course will cover the basic concepts and discuss various scenarios where section 85 may be utilized by the taxpayer. 

Learning Objectives

  • Understand the conditions to be met in order for Section 85 to apply
  • Understand the components of the election (i.e. PUC, boot etc.)
  • Become familiar with scenarios where Section 85 applies: 
    • transferring assets from an individual to a private corporation (and corp to corp)
    • share freeze to transfer ownership of a private corporation to a trust
    • purifying a private corporation to meet the conditions of a small business corporation
  • Understand the potential income tax consequences of the above (i.e. integration)

Speaker Bio

James Ma, CPA, CA
Rolfe Benson LLP

James primarily focuses on providing income tax advisory services to privately held business and their shareholders. James also has extensive experience working on engagements such as estate plans, cross border assignments and Canadian corporate, trust and personal tax compliance.

Get in touch

Type of enquiry

Follow us  on social media:

AGN International Ltd is a company limited by guarantee registered in England & Wales, number 3132548, registered office 3 More London Riverside, London SE1 2RE, United Kingdom.
AGN International Ltd (and its regional affiliates; together "AGN") is a not-for-profit worldwide membership association of separate and independent accounting and advisory businesses.
AGN does not provide services to the clients of its members, which are provided by Members alone.
AGN and its Members are not in partnership together, they are neither agents of nor obligate one another, and they are not responsible or liable for each other's services, actions or inactions.