Form T2185 Election on Disposition of Property by a Segregated Fund Trust to a Related Segregated Fund Trust - Canada

Form T2185 Election on Disposition of Property by a Segregated Fund Trust to a Related Segregated Fund Trust in Canada is used for reporting the transfer of property between two segregated fund trusts that are related to each other. This form is used to elect to have the transfer be treated as a tax-deferred transaction for Canadian tax purposes.

FAQ

Q: What is Form T2185?
A: Form T2185 is a tax form in Canada.

Q: What does Form T2185 relate to?
A: Form T2185 relates to the election on the disposition of property by a segregated fund trust to a related segregated fund trust.

Q: What is a segregated fund trust?
A: A segregated fund trust is a type of investment fund held within a life insurance policy.

Q: What is the purpose of the election on the disposition of property?
A: The purpose of the election is to defer the tax consequences of transferring assets between related segregated fund trusts.

Q: Who is eligible to make this election?
A: Segregated fund trusts that meet certain criteria are eligible to make this election.

Q: When should Form T2185 be filed?
A: Form T2185 should be filed no later than the due date of the tax return for the year the disposition of property occurred.