Tag archives: asset sale

Getting the best (asset) deal: tax efficient purchase price allocations

Photo of Troy Ungerman (Toronto)By Troy Ungerman (Toronto) on Posted in Corporate finance, Tax
The number one consideration for anyone buying or selling a business is price. But getting the best price is not just about the total cash value. How the purchase price is allocated across the various assets included in the deal has significant implications for the future tax liabilities of both purchasers and sellers. This article … Continue reading

New trend in distressed asset sales? “Pre-pack” sales under the CCAA

Photo of Alexander Schmitt (Toronto)By Alexander Schmitt (Toronto) on Posted in Corporate finance
Over the past year, we have seen the Companies’ Creditors Arrangement Act (the CCAA) used in a novel way to execute prearranged sale transactions of distressed companies’ assets, potentially indicating a new manner in which companies and their advisors are using the CCAA. In the typical asset sale under the CCAA, the applicant company obtains … Continue reading
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