Canada Affidavit of Residency of Vendor in Sale of Business

The seller of the shares and/or assets of a Canadian business should provide the purchaser with this Affidavit of Residency of Vendor pursuant to section 116 of the Income Tax Act (Canada).

The Affidavit is made by either the vendor (if an individual) or a corporate officer (if the shares being transferred are owned by a company), and attests that the vendor is not a non-resident, as that term is defined in the Act.

This Canada Affidavit of Residency of Vendor in Sale of Business is in MS Word format, and is easy to download, print and fill in.