Rollover

"Tax rollover" refers to the transfer of an asset to a Canadian corporation with the purpose of deferring its taxation. Optitax's Tax Rollover tool offers several advantages, such as:

1. Accurate calculation of the tax consequences based on the transaction (internal or external rollover, application of section 84.1 of the Income Tax Act).
2. Calculation of the tax attributes of the shares sold and received as consideration.
3. Automatic calculation of the minimum agreed amount and/or the maximum consideration other than shares.
4. Error detection, such as no issuance of shares as consideration or an agreed amount that falls outside the eligible limits.
5. Automatic generation of rollover forms (T2057, TP-518).