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PST/GST/HST: What You Need to Know When Buying a Business in Canada
Published 1 month, 1 week ago
Description
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In this video, I explain how GST, HST, PST and QST can affect a Canadian business acquisition structured as an asset purchase. We look at the GST44 election, the "all or substantially all" test, GST/HST registration, purchase-price allocation, and why provincial sales taxes can still apply even when a GST44 election is available.
I also explain why buyers in British Columbia, Saskatchewan, Manitoba and Quebec may face additional considerations, and why equipment, inventory, goodwill, vehicles, real estate and post-closing services may receive different tax treatment.
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