Tax Planning for Business Owners 2023

...value growth, as well as offering some methods of passing wealth on to family or charity.

Business owners are regularly in need of succession planning guidance, and tax laws are continually changing. Owners have usually heard of the capital gains exemption available on the sale of small business shares, but rarely understand the advanced planning that may be necessary to be able to use it. Estate freezes often accompany such planning, and can come in many forms, each bearing its own unique set of risks, considerations and complexities. Likewise, business succession plans overall require a careful weighing of several separate factors including tax, business and family circumstances.

Agenda:

• The unique challenges faced by business owners
• Tax effective investment strategies for holding companies
• The tax advantages of corporate class funds for corporations
• The best methods of funding shareholder agreements
• Using life insurance to minimize passive income and grow assets on a tax deferred basis
• Using Personal Pension Plans to pass on wealth to the next generation, have a fully creditor proof source of retirement income, and save significantly more than possible with RRSPs.
• Tax smart giving strategies to maximize the impact of charitable donations by business owners

Instructor(s): Tina Tehranchian, BA, MA, CLU, CFP, CHFC, MFA-PTM