Tax-Deferred Transfers in the Income Tax Act
Webinar will provide guidance on the various tax deferred rollover transfers that are available in the Income Tax Act, pros and cons.
We are led to believe that when property transfers between persons tax will apply, but there are many different ways that property can be transferred between persons on a tax-deferred basis within the Income Tax Act. Each type of tax-deferred transfer has its own conditions for implementation and situations for use. There are also some traps that even the seasoned practitioners can find themselves caught in.
Join Tara Pedersen of Facet Advisors Chartered Professional Accountants for a comprehensive and practical overview of the many forms of tax-deferred transfers. This webinar will provide guidance on the various tax deferred rollover transfers that are available in the Income Tax Act, pros and cons to their use and what conditions must be met for implementation. Where appropriate guidance for common traps associated with rollovers will also be provided.
More specifically, topics covered will include the following sections of the Income Tax Act:
- Section 70 - Transfers on death
- Section 73 - Inter vivos transfers by individuals
- Section 51 - Share for share exchange
- Section 85 - Property transfers to a corporation
- Section 86 - Exchange of shares by a shareholder
- Section 87 - Amalgamations
- Section 88 - Windups
- Section 97 - Contributions to a partnership
- Section 98 - Partnership wind ups
This webinar will be of most interest to accountants and lawyers practicing independently or in small to medium sized firms. It should also be of interest to controllers of medium sizedcompanies with some tax experience.
Professional Development Credits
CCH Canadian professional development programs are designed to meet the continuing education requirements of a variety of professional associations. These requirements do vary by association and region. Please consult your provincial association to ensure this webinar meets the continuing professional development standards for your specific situation.