How to File a Section 85 Election Form
This webinar explains how to file a section 85 election form, form T2057 and T2058
CPD hours: 2.75
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We also cover how to avoid tax when transferring assets to a company and how to incorporate a business on a tax-free rollover basis. There are lots of examples to help explain these important tax topics.
Recorded Jan. 30, 2026
This webinar explains how to file a section 85 election form and includes among other topics:
- How individuals, corporations, trusts and partnerships can transfer assets tax-free
- Administrative details such as due dates, penalties and amending election forms
- The tax consequences of not transacting at fair market value (FMV)
- Comprehensive income tax consequences to both the seller and the buyer of using section 85, with many examples
- Section 84.1 anti-avoidance rules that can stop your tax plan from working
- How to incorporate your business on a tax-free rollover basis, and
- How to crystalize your capital gains exemption.
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