Corporate & business
CRA Affidavit for Small Business or Corporate Share Transfer
A sworn affidavit supporting the transfer of a small business or corporation for tax purposes. Fill it in online, download a ready-to-sign PDF, and notarize in Ontario. Obtain professional tax advice for business transfers.
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Also known as
- Small Business Transfer Affidavit
- Corporate Share Transfer Affidavit
- CRA Business Transfer Affidavit
CRA Affidavit for Small Business or Corporate Share Transfer
I, ______, residing in the city of ______, in the province of ______, SWEAR UNDER OATH AND STATE: My Social Insurance Number is ______.
I reside at ______.
I was a shareholder of ______ BN: ______, which is either a qualified small business corporation, family farm or fishing corporation within the meaning of subsection 110.6(1) of the Income Tax Act, R.S.C. 1985, c. 1 (5th Supp.).
On ______, my shares in the above-mentioned entity (the subject shares) were acquired by a corporation, named ______ BN: ______, which is controlled by one or more of my children or grandchildren, who are 18 years of age or older.
The above-mentioned children or grandchildren that control said corporation are the following:
Full Name: ______
Relationship to Affiant: ______
SIN#: ______
Signed and sworn (or affirmed/declared) before me by videoconference in Ottawa, Ontario, while the Affiant(s)/Declarant(s) were located in ______________________, on ______________________, pursuant to O. Reg. 431/20, and Electronic Commerce Act, 2000.
______________________________ | ______________________________ |
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CRA Affidavit for Small Business or Corporate Share Transfer
A compact preview of this template
01Corporation Details
Corporation Name
Full Legal Name
Children or grandchildren who control the purchasing corporation
CRA Affidavit for Small Business or Corporate Share Transfer
I, ______, residing in the city of ______, in the province of ______, SWEAR UNDER OATH AND STATE: My Social Insurance Number is ______.
I reside at ______.
I was a shareholder of ______ BN: ______, which is either a qualified small business corporation, family farm or fishing corporation within the meaning of subsection 110.6(1) of the Income Tax Act, R.S.C. 1985, c. 1 (5th Supp.).
On ______, my shares in the above-mentioned entity (the subject shares) were acquired by a corporation, named ______ BN: ______, which is controlled by one or more of my children or grandchildren, who are 18 years of age or older.
The above-mentioned children or grandchildren that control said corporation are the following:
Full Name: ______
Relationship to Affiant: ______
SIN#: ______
Signed and sworn (or affirmed/declared) before me by videoconference in Ottawa, Ontario, while the Affiant(s)/Declarant(s) were located in ______________________, on ______________________, pursuant to O. Reg. 431/20, and Electronic Commerce Act, 2000.
______________________________ | ______________________________ |
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Overview
About this document
- 01
What is this affidavit?
It is a sworn statement confirming facts relevant to transferring a small business or corporation, used to support the tax treatment of the transfer.
It is sworn before a notary public or commissioner for taking affidavits.
- 02
When you might need one
It supports a business or share transfer.
- Transferring a small business or corporate shares.
- Confirming facts the tax authority requires for the transfer.
- Supporting the tax treatment of the transaction.
- 03
Important — get professional advice
Transfers of a business or corporation can have significant tax consequences and detailed rules apply. This affidavit confirms facts in support; obtain professional tax and legal advice before relying on it. The Canada Revenue Agency sets the applicable requirements.
- 04
How to notarize a CRA affidavit for the transfer of a small business or corporation in Ontario
After you fill in your CRA affidavit for the transfer of a small business or corporation and download the PDF, do not sign it in advance. A sworn document must be signed in front of a notary public or commissioner for taking affidavits, who administers your oath or solemn affirmation first.
Minute Notary commissions your CRA affidavit for the transfer of a small business or corporation online by secure video, under Ontario's remote commissioning rules (O. Reg. 431/20), or in person in Ottawa. Bring valid government-issued photo identification.
Good to know
Before you fill it in.
Short notes from our notary on this template. Worth a minute before you start.
- 01
Reviewed for use in Ontario by a notary public and commissioner for taking affidavits.
- 02
Fill it in online for free and download a ready-to-sign PDF — no account required.
- 03
Sign in front of the notary, who administers your oath or witnesses your signature and applies the seal.
- 04
Notarize online by video across Ontario, or in person in Ottawa.
Frequently asked
Questions about the CRA Affidavit for Small Business or Corporate Share Transfer
- What is this affidavit for?
- To confirm, under oath, facts relevant to transferring a small business or corporation, supporting the tax treatment of the transfer.
- Should I get professional advice?
- Yes. Business and corporate transfers have significant tax consequences and detailed rules; obtain professional tax and legal advice for your situation.
- Can I notarize it online in Ontario?
- Yes. You can swear it online by video under Ontario’s remote commissioning rules, or in person in Ottawa with Minute Notary.
- Does it determine the tax owing?
- No. It confirms facts in support; the Canada Revenue Agency applies the rules and determines tax.
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Fill it out
Ready to sign?
Ready to create your CRA Affidavit for Small Business or Corporate Share Transfer?
Fill it in online, then download a ready-to-sign PDF or an editable Word copy. This document must be signed in person. Not sure what the appointment involves? Read about the Notarizing Signatures service first.