Business owners are regularly in need of succession planning guidance, and tax laws are continually changing. Owners have usually heard of the capital gains exemption available on the sale of small business shares, but rarely understand the advanced planning that may be necessary to be able to use it. Estate freezes often accompany such planning, and can come in many forms, each bearing its own unique set of risks, considerations and complexities. Likewise, business succession plans overall require a careful weighing of several separate factors including tax, business and family circumstances.
The unique challenges faced by business owners
Tax effective investment strategies for holding companies
The tax advantages of corporate class funds for corporations
The best methods of funding shareholder agreements
Using life insurance to minimize passive income and grow assets on a tax deferred basis
Using Personal Pension Plans to pass on wealth to the next generation, have a fully creditor proof source of retirement income, and save significantly more than possible with RRSPs.
Tax smart giving strategies to maximize the impact of charitable donations by business owners