Sale of a business or part of a business: Rv3-2/14-4-2010E-PDF

"Section 167 of the Excise Tax Act (the Act) contains provisions for two elections that apply to the sale of a business and its assets. The election under subsection 167(1) applies to the sale of a business or part of a business. The election under subsection 167(2) applies to the supply of the business assets of a deceased individual. This memorandum examines each of these elections as well as the provisions that could apply where there is a sale of a business that has no commercial activity. It also covers the provisions of section 167.1, which apply to the supply of goodwill"--p. [1].

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Department/Agency Canada Revenue Agency.
Title Sale of a business or part of a business
Series Title GST/HST memorandum
Publication Type Series - View Master Record
Language [English]
Other Language Editions [French]
Format Electronic
Electronic Document

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Note Issued also in French under title: Vente d’une entreprise ou d’une partie d’entreprise. Caption title. "December 2010." Chapter 14.4 of the GST/HST memoranda series. "This version replaces the publications listed below under “Cancelled policy statements”".
Date 2010.
Number of Pages 11 p.
Catalogue Number
  • Rv3-2/14-4-2010E-PDF
Subject Terms Goods and services tax, Harmonized sales tax, Excise taxes