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SKU: OC-62137.06
Review some fundamental asset sale tax concepts to help corporate lawyers understand the basic tax consequences that could arise from the sale. Topics include classification of property, depreciable versus non-depreciable capital property, drafting tips and traps, earn-outs and contingent considerations, restrictive covenants, common tax elections, and hybrid sales.
Comments focus on transactions involving a private corporation selling all the assets used in an active business carried on in Canada.
This on-demand program was originally presented as an in-person program in October, 2019. Total running time is 39 minutes.
Presenter
Jeremy L. Comeau, Felesky Flynn LLP