When you sell your business you may face a significant tax bill, in fact, if you’re not careful, you could find yourself with less than half of the purchase price in your pocket. Fortunately, there are multiple opportunities to reduce or even eliminate tax, with the right preparation and enough time to implement. The moral of the story? Structure your company well in advance of a potential sale and reap the benefits; or fail to plan ahead of time and pay the price – literally. The presenters will discuss real-world examples of properly versus improperly structured companies and resulting tax assessments so you can avoid the pitfalls. This session will also review the U.S. planning implications where one or more children of a Canadian business owner has moved to the U.S. – details that you need to be aware of!
This session runs at the same time as Session B2.