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].
Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.835557&sl=0
| 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 | |
| Note(s) | 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”". |
| Publishing information | [Ottawa] : Canada Revenue Agency, 2010. |
| Description | 11 p. |
| Catalogue number |
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| Subject terms | Goods and services tax Harmonized sales tax Excise taxes |