Sell your daycare or education business

In Ontario, a child care licence is not transferable. A buyer of the assets applies as a new licensee, while a sale of shares keeps the same licensee and licence. In either case the program advisor receives written notice at least 30 days before the tentative closing date. Selling a daycare

Where the legal entity changes, the new entity applies to its service system manager to enrol, and enrolment may be refused for a program that is not financially viable or falls outside the local growth plan. Federal funding for Ontario has been extended to March 31, 2031.

Child care for children aged 14 or under, for periods normally under 24 hours a day, is exempt. Tutoring in a course approved for credit by a school authority, or following its curriculum, is also exempt. A business making only exempt supplies generally cannot claim input tax credits.

Multi-site childcare operators acquiring licensed centres, private equity funds investing in education platforms, early childhood professionals acquiring a first centre, and school and training operators expanding their programs. Licensed capacity and enrolment are what each of them prices first.

Most sales close 6 to 12 months after going to market. The 30 day ministry notice, a new licence in an asset sale and CWELCC enrolment for a new entity usually set the timeline. How long a sale takes

No. Under the Ontario Career Colleges Act, 2005, a registration is not transferable. A sale of substantially all of the assets, or a share transfer that gives the buyer control of the board, requires 30 days notice to the Superintendent together with the purchase agreement.

In Ontario, educators the buyer keeps are treated as continuously employed, so their prior service carries over, provided they are rehired within 13 weeks. Retaining qualified staff is essential to meeting the ratios on which the licence depends. What happens to your employees