Bill of Sale for Trust Assets | Canada
Use this template to write up a Bill of Sale for 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 promissory note which can be used if all or part of the purchase price is being paid over time.
The Canada Bill of Sale for Assets in Trust is a downloadable digital template.
Last Updated: 18-July-2018