Section 167 of the Excise Tax Act (the Act) contains provisions for two elections that apply to the sale of a business and its assets. This title contains nearly 200 forms and precedents on equipment leasing and the sale and operation of a business.A short form agreement for the purchase and sale of certain tangible and intangible property of a Canadian private corporation or limited partnership. Selling your business? A Business Purchase Agreement transfers a business entity from its owner to the buyer. Short form agreement between a buyer to a seller regarding the purchase of a business's assets. Portal for filling out and submitting Business Personal Property Listings and Extensions. Taxscribe tutorial . When you are considering becoming a business owner, you have the option of buying an existing business or starting a new one. Complete Form MVR4A properly signing in the presence of a notary. 2.