Sell your business in Saskatchewan

Most sales close 6 to 10 months after going to market, typically following up to a year of preparation. Sales that include farmland, equipment financing or a lease that needs the landlord’s consent can take longer. 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 Saskatchewan rate of 23.75 percent. Taxes when you sell

In an asset sale the seller does not collect PST. The buyer self-assesses 6 percent on furniture, equipment, software and vehicles, while land, buildings, leasehold improvements, inventory for resale and goodwill are outside it. A share sale carries no PST. Share sale or asset sale

In an asset sale, yes. The seller applies for a clearance certificate under The Revenue and Financial Services Act, and it covers every tax under that Act, not only PST. A buyer who closes without a copy is liable for the seller’s tax debt as at the date of the sale.

No. A land titles transfer fee applies instead, at 0.4 percent of the value of the title above $6,300, which comes to $6,000 on a $1.5 million property. Keeping the real estate

Under section 2-10 of The Saskatchewan Employment Act, an employee who stays on after the business is sold, leased or transferred keeps continuous service, so their length of service carries over to the buyer. What happens to your employees

Yes. Under section 156 of The Workers’ Compensation Act, 2013, the buyer asks the seller for a clearance certificate. Without it, the buyer is liable for any amount the seller owes the Board.