Bill of Sale for Trust Assets | Canada

Use this template to write up a Bill of Sale for Canadian business assets which will be held in trust to reduce taxes payable on the transaction.

  • 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 form of Promissory Note which can be used if all or part of the purchase price is being paid over time.
  • Also included is a Declaration of Trust with respect to the assets.
  • Available in MS Word format.
  • Governed by Canadian tax laws and intended to be used only in Canada.
Document Type: Microsoft Word
Last Updated: 23-August-2022
SKU: 3777
$17.99