When you sell your business either the assets or the shares of the business, the most important item is the tax implications of the contents of the purchase and sale agreement. Remember, it is not important how much you sold the business for, it is important how much you keep after taxes.

Remember, it is too late to do tax planning after you have closed the sale of the business. Tax planning should be done prior to completing the purchase and sales agreement. Sometimes it is done when the letter of intent is completed but many owners do not want to spend the money on tax advice until they know that they have a sales agreement. Need assistance in tax advice in Canada, contact Gary Landa www.landapc.com