If an Asset Is Transferred in an ITA 85 Rollover

question 76

True/False

If an asset is transferred in an ITA 85 rollover at an elected value that results in a capital gain to the transferor, the cost to the transferee for CCA purposes will be the transferor's cost, plus one-half of the excess of the elected value over the transferor's cost.

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Definitions:

Standard Normal Distribution

The standard normal distribution is a statistical distribution where the mean is 0 and the standard deviation is 1, representing the distribution of z-scores from any normal distribution.

Between

Typically used in the context of comparing variables or conditions that are separate or distinct from one another.

Z-score

A statistical measure that quantifies the distance (in standard deviations) a data point is from the mean of a data set.

Standard Normal Distribution

A probability distribution with a mean of 0 and a standard deviation of 1.