The replacement property rollover for voluntary dispositions of ECP has not been replaced

The rollover in s. 14(6) for the acquisition of replacement eligible capital property following a voluntary disposition of ECP (e.g., of farm quota) is not being replaced. The somewhat equivalent provisions of ss. 13(4) and 44(1) only apply to former business properties, i.e., real property.

The ITA historically has accommodated farmers, so that this may not be a targeted result.

Neal Armstrong. Summary of 4 November 2016 External T.I. 2016-0666901E5 - New Class 14.1 and replacement property rules under s. 13(4).