"Do I have to pay big taxes when I sell my business?" asks J.M. "I want to sell to my children at a low price..."
Other questions and discussions in the Small Business Canada Forum right now are:- Can my corporation have foreign shareholders?
- Are you aware of a good business chat room?
- Where can I find information about trademarks?
Why not pop in and add your advice? (You're welcome to ask questions, too, of course.)
It depends. Are you selling a corporation, selling a sole proprietorship, or is your business organized in a different manner? When you sell your business, it may be a capitol gain or it may be business profit. These are taxed differently