Corporate Restructuring - Section 85: Transfer of Property (On-Demand - CPA PRO)
Overview
Participants will learn how to plan and execute rollover transfers of property to a corporation under Section 85, including eligibility, agreed-amount limits, consideration mechanics, and filing requirements. Participants will apply concepts through practical examples and case-style scenarios, with attention to interactions with anti-avoidance provisions and common traps.
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Course Description
Applicable for
- Tax professionals and practitioners who plan, document, or file Section 85 rollover transactions.
- Preparers and reviewers responsible for T2057 elections and related documentation.
Learning Objectives
By the end of this course, participants should be able to:
- Identify the conditions to make a valid Section 85 election and determine eligible property.
- Set the agreed amount within upper and lower limits and compute resulting tax attributes.
- Determine the cost and legal characteristics of consideration (including paid-up capital) received on rollover.
- Recognize relevant anti-avoidance rules and manage filing requirements, deadlines, and penalties for elections.
Content
- Purpose and general application of Section 85; comparison with Section 85.1.
- Conditions of application: transferor, transferee, eligible property, and types of consideration.
- Agreed-amount mechanics: upper and lower limits, specific exceptions, and planning implications.
- Cost of consideration and other rules: ACB allocation, shifting ACB, selected subsections affecting results.
- Anti-avoidance landscape: paid-up capital adjustments, section 84.1, affiliated-person and loss-restriction considerations, and other targeted rules.
- Election logistics: requirements, deadlines, late/amended filings, and penalty framework.
- Case-based application and provincial agreed-amount considerations.
Course Content Created: November 2024
The information is current as of the creation or last updated date. While we strive to keep our inventory updated and periodically remove outdated titles, changes in accounting, tax, legislation and technology may occur. Purchasers should note the date and verify for themselves if the course is still relevant to their needs.Presenter
Shane Onufrechuk, FCPA, FCAAbout This Product
On-Demand Courses by CPA PRO are either video recordings from live seminars, or video recordings produced specifically for the on-demand audience. Where available, accompanying materials such as handouts or course notes are included.On-demand courses are eligible for verifiable CPD hours upon successful completion, and a certificate will be made available for download for your records.
Note that some courses comprise both formal instruction and self-directed exercises. In such cases, participants must complete both components to claim full CPD hours, or must reduce their reported CPD hours accordingly.
Please note that not all on-demand courses include downloadable materials such as course notes or slides.
How to get started
After completing your purchase, go to mylms.bccpa.ca. Log in using your CPABC Online Services credentials. Click Go to Your Courses and Materials to access your Learning Center. Select your course title to begin.
Course Dates & Registration
- 7
- CPD Hours
- 0
- Ethics Hours
- 0
- AML Hours
- 10
- Credits
Starting April 1, 2026, a 2.1% fee will be applied to all credit card transactions. Learn more about this fee and how it relates to PD registrations.
Corporate Restructuring - Section 85: Transfer of Property (On-Demand - CPA PRO)
- 7
- CPD Hours
- 0
- Ethics Hours
- 0
- AML Hours
- 10
- Credits
Overview
Participants will learn how to plan and execute rollover transfers of property to a corporation under Section 85, including eligibility, agreed-amount limits, consideration mechanics, and filing requirements. Participants will apply concepts through practical examples and case-style scenarios, with attention to interactions with anti-avoidance provisions and common traps.
|
|
Course Description
Applicable for
- Tax professionals and practitioners who plan, document, or file Section 85 rollover transactions.
- Preparers and reviewers responsible for T2057 elections and related documentation.
Learning Objectives
By the end of this course, participants should be able to:
- Identify the conditions to make a valid Section 85 election and determine eligible property.
- Set the agreed amount within upper and lower limits and compute resulting tax attributes.
- Determine the cost and legal characteristics of consideration (including paid-up capital) received on rollover.
- Recognize relevant anti-avoidance rules and manage filing requirements, deadlines, and penalties for elections.
Content
- Purpose and general application of Section 85; comparison with Section 85.1.
- Conditions of application: transferor, transferee, eligible property, and types of consideration.
- Agreed-amount mechanics: upper and lower limits, specific exceptions, and planning implications.
- Cost of consideration and other rules: ACB allocation, shifting ACB, selected subsections affecting results.
- Anti-avoidance landscape: paid-up capital adjustments, section 84.1, affiliated-person and loss-restriction considerations, and other targeted rules.
- Election logistics: requirements, deadlines, late/amended filings, and penalty framework.
- Case-based application and provincial agreed-amount considerations.
Course Content Created: November 2024
The information is current as of the creation or last updated date. While we strive to keep our inventory updated and periodically remove outdated titles, changes in accounting, tax, legislation and technology may occur. Purchasers should note the date and verify for themselves if the course is still relevant to their needs.Presenter
Shane Onufrechuk, FCPA, FCAAbout This Product
On-Demand Courses by CPA PRO are either video recordings from live seminars, or video recordings produced specifically for the on-demand audience. Where available, accompanying materials such as handouts or course notes are included.On-demand courses are eligible for verifiable CPD hours upon successful completion, and a certificate will be made available for download for your records.
Note that some courses comprise both formal instruction and self-directed exercises. In such cases, participants must complete both components to claim full CPD hours, or must reduce their reported CPD hours accordingly.
Please note that not all on-demand courses include downloadable materials such as course notes or slides.
How to get started
After completing your purchase, go to mylms.bccpa.ca. Log in using your CPABC Online Services credentials. Click Go to Your Courses and Materials to access your Learning Center. Select your course title to begin.
Course Dates & Registration
Starting April 1, 2026, a 2.1% fee will be applied to all credit card transactions. Learn more about this fee and how it relates to PD registrations.