Nova Scotia Section 85 Asset Rollover Agreement

Roll over business assets with this Nova Scotia Section 85 Asset Rollover Agreement template.

• The transaction is a rollover made pursuant to the Nova Scotia Companies Act and s. 85(1) of the Income Tax Act (Canada).
• The parties to the transaction are a company and a shareholder. The shareholder transfers the assets to the company in return for common shares.
• Section 109(2) of the Companies Act requires the parties to execute a contract in this form prior to the issuance of the common shares.

The Nova Scotia Section 85 Asset Rollover Agreement is a downloadable template in MS Word format.