Sell your business in Newfoundland and Labrador

Most sales close 6 to 10 months after going to market, typically following up to a year of preparation. Clearance certificates are short-lived, the provincial one valid for 10 days, so they are requested close to closing. 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 rate of 27.4 percent on income above $1,141,275, and about 27.15 percent from $570,638. Taxes when you sell

In an asset sale, HST at 15 percent applies to the taxable assets unless the buyer acquires substantially all of the business and both parties file the election on Form GST44. A share sale carries no HST on the shares. Share sale or asset sale

Usually three: a tax clearance certificate from the Department of Finance, since the province’s lien for unpaid taxes continues until one is issued; a Labour Standards clearance certificate; and a WorkplaceNL clearance, which waives the lien on the assets transferred.

No. A registration of deeds fee applies instead: $100 plus 40 cents for each $100 of value above $500, which comes to $6,098 on a $1.5 million property. Keeping the real estate

Under section 6 of the Labour Standards Act, where a buyer carries on the business, each employee’s employment is considered continuous with their service with the seller. What happens to your employees

Yes. The provincial nominee program’s International Entrepreneur stream allows a newcomer to buy an existing business that has run under the same owner for the past five years. The buyer needs at least $600,000 in assets, invests at least $200,000, owns at least one third and keeps the current staff on the same terms.