Planning for the future of a family-owned or incorporated business can involve complex tax, ownership, and succession considerations. An Estate Freeze & Business Succession Canada strategy may help business owners separate existing business value from future growth while planning for the transfer of ownership to the next generation.

For Canadian business owners, succession planning can also involve estate liquidity, share restructuring, family trusts, capital gains, and the tax implications that may arise when an owner passes away. CRA rules generally provide for a deemed disposition of capital property at death, making advance planning an important consideration.

If you are considering an estate freeze, family business transition, or long-term succession strategy, WYCPA provides accounting and tax planning support for Canadian business owners. Learn more about estate and trust tax planning at WYCPA.