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ELECTION ON DISPOSITION OF PROPERTY BY A TAXPAYER TO A TAXABLE CANADIAN CORPORATION ? ? For use by a taxpayer and a taxable Canadian corporation to jointly elect under subsection 85(1) where the taxpayer

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What is election on disposition of?

Election on disposition of refers to the decision made by a taxpayer regarding the treatment of a disposition of property for tax purposes.

Who is required to file election on disposition of?

Taxpayers who have disposed of property and want to make a specific tax election related to that disposition are required to file election on disposition of.

How to fill out election on disposition of?

To fill out election on disposition of, taxpayers need to provide relevant information such as their identifying information, details of the property disposed of, the election being made, and any supporting documentation.

What is the purpose of election on disposition of?

The purpose of election on disposition of is to allow taxpayers to choose the tax treatment that is most beneficial to them in the event of a property disposition.

What information must be reported on election on disposition of?

Information such as taxpayer's details, property disposed of, election being made, and supporting documentation must be reported on election on disposition of.

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