Examples of common transfers

Farm or fishing property
When you transfer farm or fishing property, you may have a capital gain. If you transfer farm or fishing property to a child, or to a spouse or common-law partner or to a spousal or common-law partner trust, you may be able to postpone any taxable capital gain or recapture of capital cost allowance. For more information on these types of transfers and other rules that apply to farm or fishing property, see the guide T4003, Farming Income, the RC4060, Farming Income and the AgriStability and AgriInvest Programs Guide, the RC4408, Farming Income and the AgriStability and AgriInvest Programs Harmonized Guide, or the guide T4004, Fishing income.

Elections
You can postpone reporting a capital gain when you transfer property:

• from an individual or partnership to a Canadian corporation; or
• from an individual to a Canadian partnership.

For information on transfers to a Canadian corporation, see IC76-19, Transfer of Property to a Corporation under section 85.

For information on transfers to a Canadian partnership, see IT413, Election by Members of a Partnership under subsection 97(2).