section-212-1

Filemark T2 rollover and reorganization preview

Kind: rollover
Supported tax years: —
Strict profile: rollover_preview_exact_v1
Payload schema version: 7.0.0

Example request

Send this body to POST /api/v1/computations/rollovers/section-212-1. It satisfies the strict profile, so it works with or without the payloadContract selector.

{
  "inputs": {
    "subject_shares": {
      "acb": 100000,
      "puc": 80000,
      "fmv": 200000,
      "vDayValueBump": 0,
      "cgdClaimedGrossedUp": 0
    },
    "consideration": {
      "bootFmv": 100000,
      "newShareLegalStatedCapital": 100000,
      "newShareFmv": 100000,
      "outlaysAndExpenses": 0,
      "anyConsiderationReceivedAbsent212_1_1_2": true,
      "purchaserShareFmvIncrease": null,
      "purchaserShareClasses": [
        {
          "label": "Cedar Ridge Holdings Class A preferred",
          "pucIncrease": 40000
        },
        {
          "label": "Cedar Ridge Holdings Class B common",
          "pucIncrease": 60000
        }
      ]
    },
    "party": {
      "vendorIsNonResident": true,
      "dealsAtArmsLength": false,
      "purchaserIsCanadianResidentCorp": true,
      "purchaserIsDifferentFromSubjectCorporation": true,
      "treatyWithholdingRate": 0.15,
      "countryOfResidence": "United States",
      "dispositionDateIso": "2025-06-30",
      "treatyArticle": "Article X(2)(b)",
      "treatyEvidenceReference": "NR301-2025-0042",
      "residenceDeclarationConfirmed": true,
      "beneficialOwnerConfirmed": true,
      "limitationOnBenefitsSatisfied": true,
      "effectivelyConnectedToCanadianPermanentEstablishment": false,
      "payeeIsCompany": true,
      "payerVotingStockOwnedPct": 5,
      "treatyRateIsGenuinelyZero": null,
      "greResidentEstateException": false,
      "subjectCorporationResidentInCanada": true,
      "subjectConnectedWithPurchaser186_4": true,
      "nonArmsLengthOtherwiseThan251_5_b": true,
      "deemedNonArmsLength212_1_3_a": false,
      "deemedNonArmsLength212_1_3_c": false,
      "sharesHeldThroughConduit": false,
      "vendorIsNonResidentCorporation": true,
      "purchaserControlledTheNonResidentVendor": false,
      "nonResidentHoldsNonArmsLengthPurchaserShares": true,
      "dispositionIsGiftFor69_1_b_ii": false,
      "proceedsDeemedByRolloverElection": false
    }
  }
}

Input cells (41)

Paths are relative to the request’s inputs object; [] marks an array element.

Required says when a cell must be present. Always means every request needs it: the default boundary rejects the call when the cell is omitted or null. Strict means only a request that sends this target’s payloadContract selector needs it. See Run computations for the default boundary.

These cells are everything this target accepts. A member that is not published here, or is sent with the wrong JSON type, fails the call with a 400 naming each failing cell.

Input cells for section-212-1
Cell	Types	Required
consideration.anyConsiderationReceivedAbsent212_1_1_2Whether any consideration would be received by the non-resident from the purchaser in the absence of subsection 212.1(1.2). A positive bootFmv or newShareFmv proves yes, but two reviewed-zero FMVs do not prove no: zero-value property or rights may still be consideration. Answer false only when none would be received.	boolean \| null	strict
consideration.bootFmv	null \| number	strict
consideration.newShareFmv	null \| number	strict
consideration.newShareLegalStatedCapitalLegacy wire name for element A of paragraph 212.1(1.1)(b): the increase, by virtue of the disposition and computed before s.212.1, in tax paid-up capital in respect of ALL issued shares of the purchaser. Enter the tax-PUC increase, not corporate-law legal stated capital.	null \| number	strict
consideration.outlaysAndExpensesDisposition outlays and expenses under subsection 40(1). Required when this target reports capitalGain; enter 0 only when reviewed nil. Null holds the gain while preserving independently established s.212.1 amounts and proceeds.	null \| number	strict
consideration.purchaserShareClasses[].labelOptional display label. A blank is accepted and the engine emits Class 1, Class 2, and so on.	string	strict
consideration.purchaserShareClasses[].pucIncrease	number	strict
consideration.purchaserShareFmvIncreaseIncrease, because of the disposition, in the fair market value of the shares of the purchaser corporation. Subsection 212.1(1.2) uses it to deem non-share consideration when no consideration would otherwise be received; null means the figure was not established, and the engine refuses to report a nil dividend in its place.	null \| number	strict
party.beneficialOwnerConfirmed	boolean	strict
party.countryOfResidence	string	strict
party.dealsAtArmsLengthWhether the vendor and purchaser ordinarily deal at arm's length. Separate fields carry the paragraph 212.1(3)(a) and (c) deemings; s.212.1 applies only to a final non-arm's-length disposition.	boolean \| null	strict
party.deemedNonArmsLength212_1_3_aParagraph 212.1(3)(a): the non-resident belongs to the fewer-than-six-person group controlling the subject immediately before and the purchaser immediately after, and every member of the after-disposition group belonged to the before-disposition group.	boolean \| null	strict
party.deemedNonArmsLength212_1_3_cParagraph 212.1(3)(c): the vendor and purchaser are a trust and its beneficiary, or the purchaser is related to a beneficiary, so they are deemed not to deal at arm's length for this section.	boolean \| null	strict
party.dispositionDateIso	string	strict
party.dispositionIsGiftFor69_1_b_iiParagraph 69(1)(b)(ii): whether the subject shares are disposed of to any person by way of gift. True independently deems FMV proceeds even where the parties ordinarily deal at arm's length; null blocks only the capital-gain outputs when the answer can change those proceeds.	boolean \| null	strict
party.effectivelyConnectedToCanadianPermanentEstablishment	boolean	strict
party.greResidentEstateExceptionLegacy wire name for the complete paragraph 212.1(6)(b) conclusion: this particular share disposal is by a non-resident trust or by a qualifying Canadian-resident graduated rate estate and is therefore excluded from the subsection (6) look-through, and no other subsection (5)/(6) tier or deemed transaction remains to be computed. True authenticates that complete full-chain conclusion. Null is permitted only when no trust or partnership is in the disposition chain.	boolean \| null	strict
party.limitationOnBenefitsSatisfied	boolean	strict
party.nonArmsLengthOtherwiseThan251_5_bSubsection 212.1(1): the non-resident does not deal at arm's length with the purchaser corporation otherwise than because of a right referred to in paragraph 251(5)(b).	boolean \| null	strict
party.nonResidentHoldsNonArmsLengthPurchaserSharesStated POSITIVELY: a non-resident person holds, directly or indirectly, shares of the purchaser corporation and does not deal at arm's length with it at the time of the disposition or as part of a transaction or event or series that includes the disposition. Paragraph 212.1(4)(b) is a double negative, so the carve-out is available only when this is false.	boolean \| null	strict
party.payeeIsCompany	boolean	strict
party.payerVotingStockOwnedPct	number	strict
party.proceedsDeemedByRolloverElectionLegacy wire name for whether ANY other Act provision expressly determines proceeds. Paragraph 69(1)(b) opens with "except as expressly otherwise provided in this Act"; this includes an election and the automatic s.85.1 rollover. True or null suppresses the gain because this engine does not hold those proceeds.	boolean \| null	strict
party.purchaserControlledTheNonResidentVendorWhether immediately before the disposition the purchaser controlled the non-resident PERSON. This chooses the subject/purchaser deemed-payer limb in paragraph 212.1(1.1)(a) for any vendor type; for a corporate vendor it also supplies paragraph 212.1(4)(a), which tests control of the vendor rather than the subject corporation.	boolean \| null	strict
party.purchaserIsCanadianResidentCorps.212.1 requires the purchaser to be a corporation resident in Canada.	boolean \| null	strict
party.purchaserIsDifferentFromSubjectCorporationSubsection 212.1(1) requires the subject shares to be disposed of to another corporation: the purchaser is distinct from the subject corporation.	boolean \| null	strict
party.residenceDeclarationConfirmed	boolean	strict
party.sharesHeldThroughConduitWhether a trust or partnership is in the chain. Subsections 212.1(5) and 212.1(6) replace a conduit disposition with per-holder class-by-class deemed dispositions, which this engine does not compute. A true greResidentEstateException continues only when it authenticates the complete full-chain conclusion that paragraph (6)(b) excludes this disposal and no other tier remains; null otherwise fails closed.	boolean \| null	strict
party.subjectConnectedWithPurchaser186_4Subsection 212.1(1): the final conclusion that immediately after the disposition the subject corporation is connected with the purchaser within the meaning subsection 186(4) would assign, after applying paragraph 212.1(6)(d) whenever a conduit owns subject shares and reading section 186 without its subsection (6).	boolean \| null	strict
party.subjectCorporationResidentInCanadaSubsection 212.1(1): the subject corporation is a corporation resident in Canada.	boolean \| null	strict
party.treatyArticle	string	strict
party.treatyEvidenceReference	string	strict
party.treatyRateIsGenuinelyZeroConfirms that a supplied treaty rate of 0 is a real 0% treaty article rather than a blank field. Without it a zero rate holds Part XIII withholding at the statutory 25% under subsection 212(2).	boolean \| null	strict
party.treatyWithholdingRate	null \| number	strict
party.vendorIsNonResidents.212.1 applies only to a non-resident vendor disposing of the subject shares; false switches the section off.	boolean \| null	always
party.vendorIsNonResidentCorporationSubsection 212.1(4) is available only on a disposition by a non-resident CORPORATION; a non-resident individual vendor never obtains the carve-out.	boolean \| null	strict
subject_shares.acb	null \| number	strict
subject_shares.cgdClaimedGrossedUpOptional s.84.1 hard-ACB reference; null or omission does not block s.212.1.	null \| number
subject_shares.fmv	null \| number	strict
subject_shares.puc	null \| number	strict
subject_shares.vDayValueBumpOptional s.84.1 hard-ACB reference; null or omission does not block s.212.1.	null \| number

Strict profile accepted values (18 of 41 cells)

These values apply only when the request sends this target’s payloadContract selector. A cell marked pinned must equal the value shown to satisfy the strict profile. On the default boundary the same cell accepts any value of its published type.

Strict profile accepted values for section-212-1
Cell	Accepted values
consideration.bootFmv	0 to 600000000000
consideration.newShareFmv	0 to 600000000000
consideration.newShareLegalStatedCapital	0 to 600000000000
consideration.outlaysAndExpenses	0 to 600000000000
consideration.purchaserShareClasses[].label	at most 2000 characters
consideration.purchaserShareClasses[].pucIncrease	0 to 600000000000
consideration.purchaserShareFmvIncrease	0 to 600000000000
party.countryOfResidence	1 to 2000 characters
party.dispositionDateIso	date (YYYY-MM-DD); 1 to 2000 characters
party.payerVotingStockOwnedPct	0 to 100
party.treatyArticle	one of "Article X(2)(a)", "Article X(2)(b)"
party.treatyEvidenceReference	1 to 2000 characters
party.treatyWithholdingRate	0 to 0.25
subject_shares.acb	0 to 600000000000
subject_shares.cgdClaimedGrossedUp	0 to 600000000000
subject_shares.fmv	0 to 600000000000
subject_shares.puc	0 to 600000000000
subject_shares.vDayValueBump	0 to 600000000000

Output cells (45)

Paths are relative to this target’s result object in the response.

Output cells for section-212-1
Cell	Types
applies	boolean \| null
subjectShares.acb	null \| number
subjectShares.hardAcb	null \| number
subjectShares.puc	number
subjectShares.fmv	null \| number
subjectShares.vDayValueBump	null \| number
subjectShares.cgdClaimedGrossedUp	null \| number
greaterOfPucHardAcb	null \| number
hardAcb	null \| number
deemedDividend	null \| number
withholdingRate	null \| number
withholdingTax	null \| number
pucReduction	null \| number
pucNewSharesLegacy key for the net pre-s.212.1 tax-PUC increase remaining after the paragraph 212.1(1.1)(b) deduction; it is not total closing PUC of the purchaser shares.	null \| number
boot	null \| number
newShareLegalStatedCapitalLegacy output key for element A of paragraph 212.1(1.1)(b): the pre-s.212.1 tax-PUC increase in respect of all purchaser shares, not corporate-law legal stated capital.	null \| number
proceedsForCapitalGain	null \| number
outlaysAndExpensesAuthenticated disposition outlays and expenses subtracted under subsection 40(1).	null \| number
capitalGainGain or loss after ACB and subsection 40(1) disposition outlays, before any paragraph 40(1)(a)(iii) reserve.	null \| number
provisional	boolean
pucByClass[].label	string
pucByClass[].pucIncrease	number
pucByClass[].pucReduction	number
pucByClass[].pucFinalLegacy key for the class's net transaction PUC increase after its allocated deduction; opening class PUC is not an input, so this is not total closing class PUC.	number
traps[].findingCode	string
traps[].filingDisposition	string
traps[].citationKey	string
traps[].severity	string
traps[].title	string
traps[].body	string
warnings[]	string
warnings[].code	string
warnings[].findingCode	string
warnings[].filingDisposition	string
warnings[].message	string
warnings[].severity	string
blocking	boolean
ready	boolean
citationsApplied[]	string
citations[].key	string
citations[].section	string
citations[].description	string
citations[].source_url	string
citations[].verified_at	string
electionInvalid	boolean