When a shareholder sells property to his or her corporation at fair market value for tax purposes,

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When a shareholder sells property to his or her corporation at fair market value for tax purposes, what impact may the sale have on the shareholder and on the corporation?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Canadian Income Taxation Planning And Decision Making

ISBN: 9781259094330

17th Edition 2014-2015 Version

Authors: Joan Kitunen, William Buckwold

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