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
The Tax Implications of Selling Assets or Shares in a Business Transaction
April 27, 2020The Tax Implications of Selling Assets or Shares in a Business Transaction If you are looking to purchase a new business in Ontario or sell your existing business, there are
Purchasing a business? Consider a holdback
March 17, 2020Purchasing a business? Consider a holdback Purchasers face the issue of asymmetric information when buying a business. Extensive due diligence will help fill in the gaps in knowledge and minimize
The Agreement of Purchase and Sale – Fundamentals that Every Buyer and Seller Should Know
September 19, 2019The Agreement of Purchase and Sale – Fundamentals that Every Buyer and Seller Should Know The purchase and sale of a business is a complex transaction requiring legal counsel to
Buying & Selling a Business: What’s Involved?
September 17, 2019The Agreement of Purchase and Sale – Fundamentals that Every Buyer and Seller Should Know Purchasing and selling a business is a complex transaction requiring legal counsel to draft the underlying
Asset sale vs. Share sale
September 5, 2019Asset sale vs. Share sale There are two ways to purchase or to sell a business – an asset purchase or a share purchase. It is a misnomer to think
Easing the Transition with a Post-Closing Consultation Agreement
August 20, 2018Easing the Transition with a Post-Closing Consultation Agreement Post-Closing Consultation Agreement: Easing the Transition Previously, we have discussed several key closing documents necessary for any purchase or sale of a
