This article illustrates how a family uses the intergenerational business transfer rules to tax-efficiently pass their business down to the next generation.
A family is about to embark on an intergenerational business transition. We discuss how an FEA can help through this complex time and protect their legacy.
While hiring family members can be seen as nepotism in certain business circles, for the self-employed it can make good business sense.
There’s a lot to be said for building a profitable business with your loved ones by your side, but business matters with family members can be fraught with emotion.
We introduce questions that can help you determine if now is the right time to exit, the advantages and disadvantages of various exit options, and associated tax implications.
From the beginning, it’s about trust and results. The right Family Enterprise Advisor (FEA) should provide you with the confidence to make strategic decisions as well as possess a deep empathetic understanding of your family business’ unique challenges. Put simply: they should take a significant weight off your shoulders and get the results you need.
Changes to Bill C-208 may come as early as November 1. In this video, Keith MacIntyre discusses three things for business owners to consider now.