WebFeb 10, 2014 · The sale of goodwill client list of the practice should be HST taxable based on the fact that it is not used substantially all (more than 90%) in an exempt activity. If no … WebDec 22, 2010 · This memorandum examines each of these elections as well as the provisions that could apply where there is a sale of a business that has no commercial …

14-4 Sale of a Business or Part of a Business - Canada.ca

WebWhen to register for and start charging the GST/HST. Find out if you have to register and start charging the GST/HST. Open or manage an account. Register for, change, or close … Webnot relate to a specific property will reduce the capital cost of the goodwill of the business, and therefore the balance of the Class 14.1 pool, by the lesser of the cost of the … leysath security

Selling all or part of your practice? - BDO Canada

WebJan 1, 2024 · A person who has a contract with a shipper to move the shipper's goods from one place to another is still considered to be a carrier of the goods, even if the work is … WebMar 21, 2016 · Some examples of eligible capital property are goodwill, trademarks, and some patents, which are considered intangible assets . The costs incurred to buy these assets are called eligible capital expenditures. Costs incurred for incorporation, reorganization or amalgamation also qualify as eligible capital expenditures. WebJun 24, 2016 · June 24, 2016. 05:51. The 2016 federal budget proposes to change how goodwill and other intangible capital property are treated for income tax purposes, … leys at valley view farm