[Verse 1] When companies need to restructure and grow Section Eighty-Six shows the way to go Share exchanges let the magic happen clean Tax-deferred deals keep the slate pristine Corporations swap their equity around New parent companies can now be found [Chorus] Eighty-Six and Eighty-Seven Corporate reorganization heaven Tax-deferred when rules align Share exchanges work just fine Amalgamations merge as one Section rules get the deal done [Verse 2] For share exchange to qualify today Common shares must come into play Ninety percent control must be achieved And consideration rules must be believed Boot received can trigger tax to pay But qualifying shares can defer the day [Chorus] Eighty-Six and Eighty-Seven Corporate reorganization heaven Tax-deferred when rules align Share exchanges work just fine Amalgamations merge as one Section rules get the deal done [Verse 3] Section Eighty-Seven brings companies tight Amalgamation makes them unite Two or more become a single name Predecessor corps end their legal game Assets transfer at their book amount Tax-deferred benefits really count [Bridge] Shareholders get rollover treatment when Qualifying conditions all align again Adjusted cost base flows right through Capital gains can wait for you But watch for non-qualifying consideration That triggers immediate taxation [Chorus] Eighty-Six and Eighty-Seven Corporate reorganization heaven Tax-deferred when rules align Share exchanges work just fine Amalgamations merge as one Section rules get the deal done [Verse 4] For amalgamation to succeed All shareholders must agree indeed Voting rules and statutory plans Guide the merger through legal hands New corporation takes the place Of predecessors without a trace [Outro] When restructuring is your corporate goal These sections help you stay in control Tax-deferred reorganization way Keeps the Canada Revenue at bay Eighty-Six and Eighty-Seven Your restructuring pathway to heaven
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