The Income Tax Act: Section 86 in Practice (On-Demand)

SKU: OC-62137.03

Discuss how section 86 of the Income Tax Act allows for the exchange of shares within the same corporation to occur on a tax-deferred basis when certain criteria are met. Identify how section 86 differs from section 51, note certain issues and situations to watch for, discuss the implications of the tax on split income (TOSI) regime, outline considerations when working with accountant, share best practices to implement in anticipation of Canada Revenue Agency review of section 86 transactions, and summarize post-transaction issues and opportunities.

A standard share exchange agreement is also provided.

This on-demand program was originally presented as an in-person program in October, 2019. Total running time is 50 minutes.

Click here for additional resources from the original program, Tax Law for Corporate/Commercial Transactions

A firm broadcast license allows firms or organizations to purchase an on-demand program for viewing as a group at a significantly discounted per person fee. Firm broadcast licenses are purchased by a facilitator who will receive access and is granted permission to broadcast the on-demand program for the pre-selected number of viewers. The facilitator may download and distribute program materials to viewers. The on-demand program must be viewed by all viewers in the same location and at the same time. Access to the on-demand program (recording(s) and materials) will be available on the facilitator’s LESA.org account for one month after purchase.  

For payment, cancellation, transfer, group discount, and firm broadcast policies, click here.

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