Mobility Tax & Mobility Financial Services Inc.
410 318 11 Ave SE T2G 0Y2 Calgary, AB, Canada

Small Business: This is what Canada Revenue Agency has to say! BUYING AN EXISTING BUSINESS - PART VIII Another way of buying a business is to buy the shares of an incorporated business. This does not affect the cost base of the assets of the business. Since a corporation is a separate legal entity and it can own property in its own name, a change in the ownership of the shares will not affect the tax values of the assets owned by the corporation.