As your corporation expands or undertakes new ventures, a number of provisions in the Income Tax Act will facilitate this growth. These provisions are complex and require an in-depth tax specialist to guide you through the restructuring process. We have the in-depth knowledge to help you in this process.
Corporate reorganizations occur in many situations. Common examples are: desire to protect the retained earnings of the operating business, merger with a third party owned business, or a mature shareholder passing ownership to an adult child involved in the management of the business. The Income Tax Act has many provisions to assist in this process so that the business owners are not burdened financially. However, a great deal of planning and knowledge are required.
Common Tax Issues:
- tax loss utilization
- key man insurance
- capital dividend planning
- family trusts
- share structure and shareholding changes
- share for share exchange
- obtaining advanced tax rulings
