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.
Jeremy L. Comeau, Felesky Flynn LLP
If multiple lawyers or staff members from your firm would like to access this on-demand program (recorded from a past in-person program or webinar), please contact [email protected] for pricing.
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