Succession Planning for Business

This comprehensive module addresses the tax, legal, and interpersonal complexities involved in the transfer of ownership and control of a business, with a focus on Canadian private corporations. Participants will be equipped with the tools to identify succession risks, structure tax-efficient transitions, and facilitate family or third-party ownership transfers. Key emphasis is placed on planning techniques such as estate freezes, use of the lifetime capital gains exemption (LCGE), and post-mortem tax strategies. The module also explores valuation issues, family governance structures, and the CPA's role in executing a well-aligned, multi-disciplinary succession plan.