Section I – Purchase and sale information

If you answer Purchase in question 7 in Section C, you have to complete Section I and provide the additional information requested below.

Vendor's name and address

Enter the vendor's name and complete address for each transaction concerning the purchase and sale of property in the tax shelter. Follow the instructions shown in Complete address. Include all entities involved in the purchase and sale of the property in the tax shelter.

Description of property and cost to purchaser

Enter the description and cost to the purchaser of the property for each transaction concerning the purchase and sale of property in the tax shelter.

A transaction includes all of the factual elements relevant to the expected tax treatment of any investment, entity, plan, or arrangement, and includes any series of steps carried out as part of a plan.

Valuation or appraisal to determine cost?

For each purchase, tick () the appropriate column. If you answer yes, complete Section J – Valuation and appraisal information.

Additional information required

If the principal promoter or an entity not dealing at arm's length with the principal promoter purchased the property, provide the information on the arm's length vendors, and attach a copy of the purchase agreement. If property to be sold to the tax shelter investors is being held by arm's length vendors, provide the information on the vendors and attach a draft purchase agreement.

For more information about arm's length, see the Income tax folio S1 F5 C1, Related Persons and Dealing at Arm’s Length.

If there is not enough space, attach a separate sheet using the same format as on this form.

Forms and publications

• Form T5001, Application for Tax Shelter Identification Number and Undertaking to Keep Books and Records
• Income tax folio S1 F5 C1, Related Persons and Dealing at Arm’s Length

Date modified:

2016-03-04