Tax consequences of immediate business succession

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This is the agenda for Table of Contents
Table of Contents
Module 1

• The purchase and sale of assets
• 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


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