mikemcmillan Posted April 26, 2007 Report Share Posted April 26, 2007 I know there are lot's of smart people here so here's my question. Does GST apply when you purchase a buiness? Thanks for the help. Link to comment Share on other sites More sharing options...
Dutch Posted April 26, 2007 Report Share Posted April 26, 2007 Generally GST does not apply on the sale/purchase of a business as long as both parties elect for it not to apply. See also: http://www.cra-arc.gc.ca/E/pub/gp/rc4022/r...ml#P2175_208277 The rules get quite complex. I recommend a competent tax advisor, preferably a Chartered Accountant, to advise on the specifics of the situation. Unfortunately, it is not a simple yes or no, many variables involved. Link to comment Share on other sites More sharing options...
Heybud_e Posted April 26, 2007 Report Share Posted April 26, 2007 1-800-ohcanada further questions Bud Link to comment Share on other sites More sharing options...
mikemcmillan Posted April 26, 2007 Author Report Share Posted April 26, 2007 Thanks for the help guys. Mike Link to comment Share on other sites More sharing options...
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