News & Events

March 2, 2018

The 2018 Budget was tabled on February 27, 2018 and although many were expecting drastic changes to the taxation of small businesses based on the government’s previous proposals in July (link to blog post), October (link to blog post) and December (link to blog post), the 2018 Budget was lighter than expected in this area... Read More

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December 7, 2016
Lifetime capital gains exemption will increase as of January 1, 2017

Effective January 1, 2017, the lifetime capital gains exemption will increase to $835,716. As a result, every Canadian resident individual who disposes of qualifying small business corporation shares in 2017 can shelter up to $835,716 in capital gains on those shares from tax. A full list of all indexation increases c... Read More

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October 1, 2014
Holding Shares in a Family Trust

In a previous blog post, we discussed the general concept of a family trust and indicated that one way to use a family trust is to hold shares in a Canadian-controlled private corporation.  Assuming that we are dealing with a discretionary trust in which only Canadian residents are beneficiaries and trustees, there are se... Read More

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September 12, 2014
What is a Family Trust?

The concept of a family trust is often raised to founders of a startup as an alternative to holding their shares in their new company personally (see LW Academy tax planning measures video) , but what is a family trust? A family trust is generally a legal relationship among three parties:  the Settlor, the Trustees and t... Read More

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July 10, 2014
The Savvy Donor: Maximizing Your Charitable Donations

When planning to make a gift to a charity in a will, people often think of making a set cash donation. If the estate includes shares of a public company, making a non-cash donation to the organization is even more tax effective. By gifting public company shares to the charity, no tax is payable on the sale of the public com... Read More

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