Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the CRA.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle de l'ARC.
Dear XXX:
This is in reply to your letter of January 20, 1982 concerning subsection 85(1) rollovers.
The Department recognizes that the situation often arises that a corporation to which property has been transferred has not, at the date of the transfer, sufficient authorized share capital to satisfy the requirements of the rollover. Accordingly it is our practice not to invalidate what would otherwise be a valid joint election under subsection 85(1) of the Act as long as the share consideration has been authorized, issued and in place within the time specified in subsection 85(6) of the Act.
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© Her Majesty the Queen in Right of Canada, 1982
Tous droits réservés. Il est permis de copier sous forme électronique ou d'imprimer pour un usage interne seulement. Toutefois, il est interdit de reproduire, de modifier, de transmettre ou de redistributer de l'information, sous quelque forme ou par quelque moyen que ce soit, de facon électronique, méchanique, photocopies ou autre, ou par stockage dans des systèmes d'extraction ou pour tout usage autre que ceux susmentionnés (incluant pour fin commerciale), sans l'autorisation écrite préalable de l'Agence du revenu du Canada, Ottawa, Ontario K1A 0L5.
© Sa Majesté la Reine du Chef du Canada, 1982
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