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.
Download Type:
Microsoft Word
Last Updated: 23-August-2022