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".