Do you need to reprice the selling price of business which is currently for sale?
You are thinking of retiring and your business is for sale. Is it at the right price? How was the value of your business determined? Did you look at historical earnings? Did you look at normalized earnings? How did you determine normalized earnings? Did you factor in the implementation of HST into your calculations of normalized earnings? If you are currently paying PST for goods and services and currently are located in Ontario or British Columbia, your normalized earnings may be understated!... More