Boxes 8 and 16 have the same fields to be completed.
- You will complete only one box or the other depending on the selection made in box 2.
- Fair market value evidence can be provided by either the transferor or the transferee.
- If the transferor will be providing this evidence, indicate this in box 2.
- If the transferee will be providing the evidence, do not make not make any selection in box 2.
If transferor is providing the fair market value boxes 8 and 16 will display in as follows:
If transferee is providing the fair market value boxes 8 and 16 will display as follows:
The two options available to choose from in box 8 or 16 are:
- Fair market value for all of the land in this transfer. Use this option when all of the lands contained within the transfer are covered under one fair market value.
- Enter the value in Canadian dollars, regardless of the currency used for the consideration, and
- Indicate if the value of the interest in the land being transferred is the same (all interests in that land is being conveyed) or is different from the fair market value of the land as a whole (where only a certain interest in the land is being conveyed).
2. There is a separate fair market value for each of the lands in the transfer.
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- Enter the value in Canadian dollars for each land, and
- Indicate if the value of the interest in each of the lands being transferred is the same (all interest in that land is being conveyed) or is different from the fair market value of the land as a whole (where only a certain interest in the land is being conveyed).
If the transferee will be providing the fair market value evidence, an additional selection will be required. You will also have to indicate who will be signing as to this evidence: