Canada Bill of Sale for Assets in Trust

Use this template to write up a Bill of Sale for 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 promissory note which can be used if all or part of the purchase price is being paid over time.

The Canada Bill of Sale for Assets in Trust is a downloadable digital template.