CRA requires detailed property listings on the ETA s. 167 election form

The ETA s. 167 election form requests a listing of all the types of property acquired. A generic description such as “substantially all the property” is not acceptable. CRA states:

[A] detailed list of all property acquired should be provided in order for CRA to make a determination that all or substantially all of the business has been acquired.

Neal Armstrong. Summary of May 2015 CPA Roundtable, GST Q.4 under ETA s. 167(1).