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Structure business ownership to multiply access to the capital gain exemption (for 2017 $835,714). Get organized at least two years in advance of sale and include various family members (spouse, children, grandchildren, parents, siblings, etc)
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Structure a transaction to defer half of the tax applicable to the sale of a business. Plan does not require advance structuring.
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Customize wills to minimize Ontario probate fees.
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Review current remuneration strategy in light of recent increase in personal tax rates and changes to corporate taxation of investment income.
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Make prescribed rate loans to split income with a spouse, minor children or grandchildren.
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Include a trust as a private company shareholder such that dividends may flow to adult children and spouses.
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Plan for the succession of assets to the next generation to avoid conflict and ensure desired tax results.
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Use a trust to limit one’s terminal tax liability, while still providing flexibility to undo the freeze if necessary.
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Employ a holding company as a deferral vehicle to invest after-tax profits earned by an operating company.
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Segregate real estate assets from business assets to achieve greater flexibility in exit and estate planning.
[su_row]
[su_column size=”1/4″]
Jim McConnery, CA, TEP,
Tax Partner
–
613.760.4529
jmcconnery@welchllp.com
[/su_column]
[su_column size=”1/4″]
Don Scott, FCPA, FCA,
Director of Tax Services, Tax Partner
613.760.4515
dscott@welchllp.com
[/su_column]
[su_column size=”1/4″]
Zoran Vranjkovic, CPA, CA, CFP,
Partner
–
613.236.9191
zvranjkovic@welchllp.com
[/su_column]
[su_column size=”1/4″]
Bruce Raganold
Director of Business Development
613.760.4524
braganold@welchllp.com
[/su_column]
[/su_row]
