The election provides for no GST (or HST in the HST provinces) to be payable in respect of the purchase and sale of the assets and reduces the cash. Apply for a New Business Tax Certificate online or at the Business Tax Office.Refundable business registration fee plus special fees. A somewhat basic level high level presentation on the nuts and bolts of asset purchase sale transactions. We have provided this example to give some insight into the matters that may arise when negotiating an agreement for the sale of a tech business. Market-leading global tax determination software that automates tax calculations. A taxable asset purchase allows the buyer to "step up," or increase, the tax basis of the acquired assets to reflect the purchase price.