When you sell or transition your business you may face a significant tax bill. Your tax obligations could be complicated by many factors such as: tax obligations in more than one jurisdiction; the desire to use certain exemptions or rollovers; a plan to gift shares; a sale of assets versus shares; the tax attributes of your company; owning passive investment assets in your corporation; cross-border activity; and much more! Fortunately, there are a number of opportunities to reduce or even eliminate tax, with the right preparation and enough time to implement. The moral of the story? Establish your structure and get your “tax ducks in a row” well in advance of a potential sale or transfer of your business and reap the benefits. The presenters will discuss real-world examples of proper versus improper planning related to the transition of your business so you can avoid pitfalls.
This session runs at the same time as Session B2.