Question: Please help me to solve this problem thank you ABC Corp is going to transfer a piece of equipment to XYC Corp using Section 85.

Please help me to solve this problem thank you

ABC Corp is going to transfer a piece of equipment to XYC Corp using Section 85. The transfer occurs on April 1, 2020. ABC Corp has a year end of June 30, 2020. YXC Corp has a year end of November 30, 2020. What is the deadline to file the T2057 election form to make the Section 85 effective? December 31, 2020 May 31, 2021 O June 30, 2021 April 30, 2021

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