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How to transfer assets to a business

  1. Immigrate and live in Canada
  2. Register foreign corporation
  3. Partner with a Canadian

There are rules that govern transfer of assets to a business, and depending on the business structure you have, specific rules of transfer apply.

 

Business structure

Process
Sole Proprietorship Transfer assets to the business at Fair Market Value (FMV), as required by Income Tax Act.
Partnership or Corporation May transfer the property at an elected amount different from the FMV, provided that certain conditions are met <Add Call to Action here>

 

 

 

 

 

 

 

 

 

Know how you can incorporate your business