Earn-outs
July 8, 2021Earn-Outs It is not uncommon for purchasers and sellers to disagree on the price of a business. This is especially true today in the face of economic uncertainty resulting from
Due Diligence in M&A Transactions
July 6, 2021Due Diligence in M&A Transactions What is Due Diligence? Due diligence in a catch-all term alluding to the process that buyers undertake to familiarize themselves with the business and assets
Non-competition covenants: what are they and are they enforceable?
July 6, 2021Non-competition covenants: what are they and are they enforceable? Maybe you’ve seen a non-compete clause in a recent employment contract, included one in an offer to purchase a business, or
What is a Basket and Indemnity Cap?
June 2, 2021What is a Basket and Indemnity Cap? Whenever a purchase agreement is made, the seller makes certain representations and warranties attesting that certain things are true. For example, these include
Pay Less Tax on the Sale of your Business: Understanding the Impact of Allocations to Restrictive Covenants and the s.56(4) Election
April 4, 2021Pay Less Tax on the Sale of your Business: Understanding the Impact of Allocations to Restrictive Covenants and the s.56(4) Election A restrictive covenant is essentially a commitment not to
Allocations of Purchase Price on the Sale of a Business – Be Wary of Section 68
April 4, 2021Allocations of Purchase Price on the Sale of a Business – Be Wary of Section 68 When buying or selling the assets of a business, it is important to negotiate
Tax Elections that Cancel GST/HST on the Sale of Assets
March 8, 2021Tax Elections that Cancel GST/HST on the Sale of Assets Section 156(1) of the Excise Tax Act (Asset Purchase) – Form RC4616 In our last article, we looked at Election
Tax elections on the sale of a business: Avoiding GST/HST with the filing of Election 167
March 8, 2021Tax elections on the sale of a business: Avoiding GST/HST with the filing of Election 167 When selling a business in Canada, many buyers and sellers are surprised to learn
The LMIA Program: The Fastest Pathway to Canadian Citizenship for Foreign Investors
December 8, 2020The LMIA Program: The Fastest Pathway to Canadian Citizenship for Foreign Investors It is no surprise that there are currently thousands of foreign nationals who would like to make their
Capital Gains Deduction Eligibility for Proprietors
May 26, 2020Capital Gains Deduction Eligibility for Proprietors The Capital Gains Deduction is a powerful tool for business people available under Canadian income tax law. Where it is available, it allows business-people
