There is a feature in the new federal budget that has private business owners making the decision to sell their business. According to the budget, private businesses will pay more taxes on the sale of their business starting January 1st, 2017. According to The Globe and Mail, “tax experts say the move, which was intended to simplify the tax system, is inspiring some business owners readying for a sale to finally pull the trigger” to sell.
Have you been thinking of selling your business? Maybe this is just the motivation you needed, and there really isn’t that much time left until this change happens. You can read the full story by clicking here.
If you are interested in exploring business opportunities or are contemplating the sale of your business, call toll free 1-877-289-0969.