CRA agrees that appreciated goodwill is now eligible for the s. 111(4)(e) step-up

The assets of a corporation sold to a third party include valuable goodwill with a nil cost. Since goodwill relating to a business is now a Class 14.1 depreciable property, the corporation can step-up the goodwill in accordance with s. 111(4)(e).

Neal Armstrong. Summary of 6 October 2017 APFF Roundtable, Q.15 under s. 111(4)(e).