Sell your business in Manitoba

Most sales close 6 to 10 months after going to market, typically following up to a year of preparation. A buyer coming through the Manitoba Provincial Nominee Program adds its own approval steps to that timeline. How long a sale takes

In a share sale of a qualifying small business corporation, each owner can exempt up to $1,275,000 of capital gains in 2026 under the lifetime capital gains exemption. Gains above that are taxed at a top combined federal and Manitoba rate of 25.2 percent. Taxes when you sell

In an asset sale the seller does not collect RST. The buyer self-assesses 7 percent on taxable assets such as machinery, equipment and computers, while land, buildings, inventory for resale and goodwill are outside it. A share sale is not a bulk sale and carries no RST. Share sale or asset sale

In an asset sale, yes. The seller applies for a Bulk Sale Clearance Certificate under section 45 of The Tax Administration and Miscellaneous Taxes Act, at no fee. A buyer who closes without a copy can be held liable for the seller’s provincial tax debts up to the date of the sale.

It applies to the fair market value of land and buildings transferred to the buyer, rising from 0.5 percent above $30,000 to 2 percent above $200,000. A $1.5 million commercial property carries $27,650 in tax. Keeping the real estate

Under section 5 of the Employment Standards Code, employment is deemed continuous and uninterrupted when a business is sold, leased, transferred or merged, so each employee’s service carries over to the buyer. What happens to your employees

Yes. The Manitoba Provincial Nominee Program’s Entrepreneur Pathway counts the purchase of an existing Manitoba business as an eligible investment. The buyer needs a net worth of at least $500,000 and an investment of at least $250,000 in the Winnipeg Metropolitan Region or $150,000 elsewhere, and generally owns at least one third of the business.