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Document Id : 1076
File Type : Microsoft Word
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Canada Affidavit of Residency of Vendor in Sale of Business
Selling shares or assets of a Canadian business? Provide the purchaser with this Affidavit of Residency of Vendor.
- The Affidavit is made under section 116 of the Income Tax Act (Canada).
- The Affidavit must be sworn by either the vendor (if an individual) or a corporate officer (if the shares being transferred are owned by a company).
- The vendor attests that it is not a non-resident of Canada, as that term is defined in the Income Tax Act.
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