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Document Id : 3777
File Type : Microsoft Word
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Canada Bill of Sale for Assets to be Held in Trust
Selling a business in Canada? Prepare a Bill of Sale for assets which will be held in trust with this downloadable template.
- The vendor will hold the assets in trust for the benefit of the purchaser.
- The purchase price will be allocated between capital assets and goodwill.
- The parties will file the necessary GST elections to treat the transaction as a wash.
- The Bill of Sale also includes a promissory note which can be used if all or part of the purchase price is being paid over time.
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