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									                      TAX ASPECTS OF BUYING OR SELLING ASSETS OR SHARES



TAX ASPECTS OF BUYING OR SELLING ASSETS OR SHARES

Common Client Situations                                              164
Accountants, role                                                     165
Analysis of Tax Issues                                                165
Assets or Shares - General "Non-Tax" Comments                         164
Seller's Position - Assets v. Shares                                  165
         1 Tier of Tax – share sale                                   165
         2 Tiers of Income Tax – assets sale - corporate & personal   165
         General Anti-Avoidance Rule [GAAR]                           165
         Computing S's After-Tax Proceeds - Asset v. Share Deal       165
         Disposition of qualified small business corporation shares   167
Purchaser's Position - Assets v. Shares                               168
        Assets                                                        167
        Shares                                                        168
Assets - Specific Considerations                                      170
         Accounts Receivable                                          170
         Inventories                                                  171
         Prepaid Expenses                                             171
         Non-Depreciable Fixed Assets                                 171
         Depreciable Fixed Assets                                     171
         Goodwill                                                     172
         Bonds, Debentures, Notes                                     172
         Existing Tax Reserves                                        173
         Payment Arrangements                                         173
         Tax-Deferred Transfers                                       173
Goods and Services Tax ("GST")                                        173
Non-Residents [ITA s.116]                                             174
       "Taxable Canadian Property"                                    175
       Tax Treaty                                                     175
Drafting Agreements and Special Tax Clauses                           175

								
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