What Are The Tax Implications Of An Asset Sale In Canada?

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FAQs

Frequently Asked Questions

An Asset Sale Can Create Different Tax Consequences Depending On The Type Of Assets Sold, Their Tax Cost, The Purchase Price Allocation, And The Seller's Corporate Structure. Potential Consequences Can Include Business Income, Capital Gains, Recapture Of Capital Cost Allowance, And GST Or HST Considerations. A Tax Advisor Should Review The Proposed Allocation And Transaction Structure.

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