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Taxation of an Assets Versus Shares Transaction

Janice Vohrah is speaking about the taxation of an assets versus shares transaction at the inaugural "Tax Planning for the Sale of a Business" conference on November 10, 2010.

Synopsis:

One of the most fundamental decisions to be made in any acquisition transaction is whether the sale of an incorporated business should be accomplished through the sale of the corporation’s assets or the sale of shares of the corporation. The asset sale versus share sale decision requires consideration of many issues, with the tax consequences being the most significant one. This session will examine the tax considerations involved in deciding between an asset and a share transaction.

• Tax implications from the vendor’s and seller’s perspectives
• Opportunities for the vendor to minimize tax under asset and share transactions
• Recognizing and depreciating any goodwill associated with the business
• GST and land transfer tax associated with asset sales

Janice is an associate in the Tax & Trusts group.