Wright Business Law has been corporate counsel for Internat Energy Solutions Canada Inc. since day one. As an engineering consulting firm we have an ongoing need for legal advice and services to assist us in making strategic decisions. We regularly rely on Nick’s legal and business experience and expertise in navigating complex business problems. Nick incorporated our company, drafted our shareholders agreement and provides ongoing assistance with business, employment and consulting agreements. Nick is a pleasure to work with and I highly recommend him.
Section 85 of the Income Tax Act is a commonly used provision that permits the tax exempt transfer of property to a corporation. This paper provides an overview of the application of the section covering key topics including the general rules of section 85, eligible property, consideration or “boot,” anti-abuse rules, requisite filings and other related provisions of the Act.Read More