Tax consequences of immediate business succession

Gain practical knowledge you can use to advise clients who are dealing with the short-term tax consequences of the sale of business ownership.

Event Details

Location and date:
Online On-Demand Event

Business succession simply refers to passing the ownership of a business from one set of hands to another.

This course deals with the immediate or near-immediate sale of business assets or shares in a corporation where the disposal occurs in a single transaction or a group of transactions. It provides a practical overview of the tax consequences, with a focus on small businesses with one owner-manager or small groups of shareholders.

 

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Additional options and pricing may be available. See pricing and registration for more details.



$295.00

7 CPD hour(s)
Pricing & registration

You will learn about:

  • the purchase and sale of assets, including section 84.1
  • the sale of shares, including capital gains deductions
  • intercorporate dividends and capital gains avoidance
  • sale of shares to family members
  • financing and other considerations

Who should attend?

  • income tax consultants
  • sales tax consultants
  • financial planners

More Details:

Session Descriptions

Module 1
• Non-depreciable capital property
• Depreciable property
• Eligible capital property
• Inventory
• Accounts receivable
• Prepaid expenses
• Allocation of purchase price
• Putting the sale proceeds in the hands of the shareholder
• Other matters

Module 2: Sale of shares, including the capital gains deduction
• Overview of a share sale
• Overview of the lifetime capital gains deduction
• Qualified small business corporation shares

Module 3: Subsection 55(2) - Intercorporate dividends and capital gains advoidance
• The application of subsection 55(2)
• The paragraph 55(3)(a) exception
• Purifications
• Safe income stripping
• Butterfly transactions
• Knowing when subsection 55(2) applies

Module 4: Sale of shares and section 84.1
• Transferring shares to family members
• Section 84.1
• Sale to employees
• Acquisition of control

Module 5: Financing and other considerations
• Interest deductibility
• Instalment sales
• Earnouts
• Non-competition agreements
• Other considerations on the purchase and sale of a business
• Abbreviations

Speakers/Presenters

Contacts

Please contact:

CPA Canada Professional Learning and Development Customer Service
Tel: 1-888-337-3242
Email: pld@cpacanada.ca