Corporate Tax - Purchase and Sale of a Business (On-Demand - CPA PRO)
Overview
This course offers practitioners, business owners, and other tax professionals relevant technical and practical knowledge of important income tax considerations for when it is time to buy, sell, or undertake an intergenerational transfer of a private Canadian business.
Access expires 180 days from purchase date |
Course Description
The focus of this course will be on transactions between Canadian private business owners and/or their privately-held corporations as well as issues arising from their purchasing from or selling to family members, public corporations, and non-residents. Following introductory comments on commercial and tax due diligence issues, the course offers a discussion of technical and practical content on relevant rules, anti-avoidance measures, planning opportunities, and updates from the government and the courts in the context of commonly used transaction structures and business vehicles. In particular, the course will explore separate and comparative material on “share transactions” vs. “asset transactions,” along with a presentation of issues common to both. Several hypothetical case studies will be reviewed to illustrate major concepts.
Applicable for
Practitioners, industry members, and owners/key executives in privately owned Canadian businesses, who are tax professionals wanting technical and practical knowledge and updates in taxation issues relevant to the purchase and sale of a business in Canada, and opportunities to discuss this with an experienced practitioner.
Participants should have access to a copy of the Canadian Income Tax Act and related technical research resources.
Learning Objectives
- Identify and act on opportunities to be of service to their clients / employers as potential private purchasers and vendors of businesses in Canada, in a manner that is consistent with codes of ethical business culture and professional independence/conflict of interest
- Comprehend, explain, and act on key income tax concepts that are most relevant to purchasers and vendors of businesses in Canada prior to a proposed transaction, at the time of the transaction, and at times subsequent
- Participate meaningfully in negotiations on behalf of buyers or sellers in negotiating tax-consideration-driven transaction structuring and assessing the impact on income taxes to both sides
- Identify and assist with related tax compliance obligations
- Identify, assess, and address both pitfalls and situations that offer opportunities for tax savings
- Apply the most important recent legislative and interpretive changes to the rules in delivering planning and other advice and related compliance services
Content
- Commercial factors
- Motivations to sell/acquire
- Identifying interested/relevant parties
- Valuation
- Financing
- Role of Tax Professionals
- Buying/selling assets vs. shares
- Impact of government assistance and other consequences
- Personal & corporate income tax rates and integration
- Share Transactions
- Purchaser – determination and tax treatment of purchase price, tax impact on acquired corporation, acquisition of control, asset basis bump, and dealing with non-residents and public corporations
- Vendor – determination and tax treatment of gain/loss on sale, capital gains deduction (including the “Canadian Entrepreneur’s Incentive”) and deferrals/rollovers (including the “eligible small business corporation” share exchange), pre-sale planning including s. 55, and dealing with non-residents and public corporations
- Asset Transactions
- Accounts receivables
- Inventory
- Capital assets including depreciable property, goodwill/intangibles, and real estate
- Dealing with Non-residents
- Allocation of the sale/purchase price among assets
- Tax status of vendors and purchasers
- Contingent liabilities
- Hybrid transaction example
- Intra-family and intergenerational transfers
- Related and affiliated persons
- Not dealing at arm’s length
- Price adjustment clauses
- Application of and recent exceptions to the anti-avoidance rule of s. 84.1
- Application of exceptions to the anti-avoidance rules of S. 55
- Other Issues
- Restrictive covenants - S. 68
- Interest expense
- “Excessive Interest & Financing Expense” Limitations (EIFEL)
- Mandatory Disclosure Rules and the GAAR
- Vendor take back financing
- Earnouts
- Retiring allowances and IPP’s
- Employee share options
- Employee Ownership Trusts (“EOT’s”)
- Post-transaction Tax-On-Split-Income (“TOSI”) considerations
- GST/PST
Course Content Created: September 2025
The information is current as of the creation or last updated date. While we strive to keep our inventory updated and periodically remove outdated titles, changes in accounting, tax, legislation and technology may occur. Purchasers should note the date and verify for themselves if the course is still relevant to their needs.Presenter
Bobby Boutilier, CPA, CAAbout This Product
On-Demand Courses by CPA PRO are either video recordings from live seminars, or video recordings produced specifically for the on-demand audience. Slides and any corresponding handout materials are included where available.These titles are eligible for Verifiable CPD Hours – in order to claim these hours as verifiable, you will be required to successfully complete a short quiz. You will be able to print or save your electronic certificate of completion.
Note that some courses comprise both formal instruction and self-directed exercises. In such cases, participants must complete both components to claim full CPD hours, or must reduce their reported CPD hours accordingly.
Please note that not all on-demand courses include downloadable materials such as course notes or slides.
How to get started
Upon completion of purchase, go to mylms.bccpa.ca and log in using your CPABC Online Services credentials. Click “Go to your Courses and Materials” to go to your Learning Center, then find and click on your course title.
Course Dates & Registration
- 7
- CPD Hours
- 0.17
- Ethics Hours
- 0
- AML Hours
- 10
- Credits
Starting April 1, 2026, a 2.1% fee will be applied to all credit card transactions. Learn more about this fee and how it relates to PD registrations.
Corporate Tax - Purchase and Sale of a Business (On-Demand - CPA PRO)
- 7
- CPD Hours
- 0.17
- Ethics Hours
- 0
- AML Hours
- 10
- Credits
Overview
This course offers practitioners, business owners, and other tax professionals relevant technical and practical knowledge of important income tax considerations for when it is time to buy, sell, or undertake an intergenerational transfer of a private Canadian business.
Access expires 180 days from purchase date |
Course Description
The focus of this course will be on transactions between Canadian private business owners and/or their privately-held corporations as well as issues arising from their purchasing from or selling to family members, public corporations, and non-residents. Following introductory comments on commercial and tax due diligence issues, the course offers a discussion of technical and practical content on relevant rules, anti-avoidance measures, planning opportunities, and updates from the government and the courts in the context of commonly used transaction structures and business vehicles. In particular, the course will explore separate and comparative material on “share transactions” vs. “asset transactions,” along with a presentation of issues common to both. Several hypothetical case studies will be reviewed to illustrate major concepts.
Applicable for
Practitioners, industry members, and owners/key executives in privately owned Canadian businesses, who are tax professionals wanting technical and practical knowledge and updates in taxation issues relevant to the purchase and sale of a business in Canada, and opportunities to discuss this with an experienced practitioner.
Participants should have access to a copy of the Canadian Income Tax Act and related technical research resources.
Learning Objectives
- Identify and act on opportunities to be of service to their clients / employers as potential private purchasers and vendors of businesses in Canada, in a manner that is consistent with codes of ethical business culture and professional independence/conflict of interest
- Comprehend, explain, and act on key income tax concepts that are most relevant to purchasers and vendors of businesses in Canada prior to a proposed transaction, at the time of the transaction, and at times subsequent
- Participate meaningfully in negotiations on behalf of buyers or sellers in negotiating tax-consideration-driven transaction structuring and assessing the impact on income taxes to both sides
- Identify and assist with related tax compliance obligations
- Identify, assess, and address both pitfalls and situations that offer opportunities for tax savings
- Apply the most important recent legislative and interpretive changes to the rules in delivering planning and other advice and related compliance services
Content
- Commercial factors
- Motivations to sell/acquire
- Identifying interested/relevant parties
- Valuation
- Financing
- Role of Tax Professionals
- Buying/selling assets vs. shares
- Impact of government assistance and other consequences
- Personal & corporate income tax rates and integration
- Share Transactions
- Purchaser – determination and tax treatment of purchase price, tax impact on acquired corporation, acquisition of control, asset basis bump, and dealing with non-residents and public corporations
- Vendor – determination and tax treatment of gain/loss on sale, capital gains deduction (including the “Canadian Entrepreneur’s Incentive”) and deferrals/rollovers (including the “eligible small business corporation” share exchange), pre-sale planning including s. 55, and dealing with non-residents and public corporations
- Asset Transactions
- Accounts receivables
- Inventory
- Capital assets including depreciable property, goodwill/intangibles, and real estate
- Dealing with Non-residents
- Allocation of the sale/purchase price among assets
- Tax status of vendors and purchasers
- Contingent liabilities
- Hybrid transaction example
- Intra-family and intergenerational transfers
- Related and affiliated persons
- Not dealing at arm’s length
- Price adjustment clauses
- Application of and recent exceptions to the anti-avoidance rule of s. 84.1
- Application of exceptions to the anti-avoidance rules of S. 55
- Other Issues
- Restrictive covenants - S. 68
- Interest expense
- “Excessive Interest & Financing Expense” Limitations (EIFEL)
- Mandatory Disclosure Rules and the GAAR
- Vendor take back financing
- Earnouts
- Retiring allowances and IPP’s
- Employee share options
- Employee Ownership Trusts (“EOT’s”)
- Post-transaction Tax-On-Split-Income (“TOSI”) considerations
- GST/PST
Course Content Created: September 2025
The information is current as of the creation or last updated date. While we strive to keep our inventory updated and periodically remove outdated titles, changes in accounting, tax, legislation and technology may occur. Purchasers should note the date and verify for themselves if the course is still relevant to their needs.Presenter
Bobby Boutilier, CPA, CAAbout This Product
On-Demand Courses by CPA PRO are either video recordings from live seminars, or video recordings produced specifically for the on-demand audience. Slides and any corresponding handout materials are included where available.These titles are eligible for Verifiable CPD Hours – in order to claim these hours as verifiable, you will be required to successfully complete a short quiz. You will be able to print or save your electronic certificate of completion.
Note that some courses comprise both formal instruction and self-directed exercises. In such cases, participants must complete both components to claim full CPD hours, or must reduce their reported CPD hours accordingly.
Please note that not all on-demand courses include downloadable materials such as course notes or slides.
How to get started
Upon completion of purchase, go to mylms.bccpa.ca and log in using your CPABC Online Services credentials. Click “Go to your Courses and Materials” to go to your Learning Center, then find and click on your course title.
Course Dates & Registration
Starting April 1, 2026, a 2.1% fee will be applied to all credit card transactions. Learn more about this fee and how it relates to PD registrations.