| Transfer of Assets Agreement (Canada) |
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Use this template to prepare a Transfer of Assets Agreement for Canada, transferring certain oil and gas assets (a rollover) under section 85(l) of the Income Tax Act, between an individual seller and a corporate purchaser.A rollover is one of the most common methods of achieving a tax-deferred reorganization of business or investment interests. The vendor realizes no gain or loss, and the purchaser takes over the vendor's tax cost of the assets.This is a Canadian legal document in MS Word format. |