The purchase and sale of a private incorporated company in Canada raises a variety of important tax considerations. This paper provides an overview and analysis of such considerations and argues that the clear public policy objective of promoting small business in Canada using provisions of the Income Tax Act has been undermined by an unnecessarily complex regime. While many of the tax issues discussed also apply to the purchase and sale of public companies, the focus of this paper is on the purchase and sale of privately held corporations.
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Tax Considerations in the Purchase & Sale of an Incorporated Company 160724
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