• Last Updated:
  • Mar 10th, 2020 12:45 pm
[OP]
Member
Jul 4, 2012
388 posts
25 upvotes
Calgary

Asset and Liability Transfer

Question:

- Company A transfers assets and liability to company B
- Both companies are owned by the same owners
- There is no cash exchange

1. How do I book this transaction?
2. When filing taxes (T2), is there a specific form to be submitted for this?

Thank you
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