Which of the Following Assets Cannot Be Transferred to a Corporation

question 63

Multiple Choice

Which of the following assets cannot be transferred to a corporation under the provisions of ITA 85(1) ?

• A)Depreciable capital property.
• B)Canadian resource properties.
• C)A group of real properties that are being held for immediate resale.
• D)Eligible capital property that is being held for immediate resale.

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Definitions:

Union Members

Individuals who are part of a labor union, which represents workers' interests in regards to wages, working conditions, and employment policies.

Internal Union Affairs

pertains to actions, decisions, and processes that occur within the structure and governance of labor unions.

Positional-Risk Test

A legal criterion used to assess whether the risks in a worker's employment contributed to their injury or disease.

Injured Employee

A worker who has suffered harm or injury in the course of their employment.