The Section 85 election: a useful device
CIM Bulletin, Vol. 77, No. 872, 1984
ROBERT B. PARSONS, C.A.,Partner Price Waterhouse, Toronto
Canadian income tax legislation contains a number of provisions which serve to facilitate the structuring of business arrangements, including mineral resource ventures. These rules are often fairly complex and not easily understood. This article attempts to explain in plain and understandable language the mechanics and benefits of one of the more frequently encountered provisions, the 'Section 85 election".
