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Watch Jeremy Herbert and John Fuller of Felesky Flynn talk about some key angles to succession planning for farmers.

Watch Jeremy Herbert and John Fuller of Felesky Flynn LLP talk about some key angles to succession planning for farmers.

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Additional notes:

When considering whether corporate shares are eligible for the rollover to a child, the underlying assets must have been used in an eligible farming business.  While the farming business did not necessarily have to be operated out of the corporation, it must have been operated by a specified person or entity. (Subsection 70(10) “share of a capital stock of a family farm or fishing corporation”).

It is also important to consider the restrictions under Subsection 69(11), which are triggered if rolled property is subsequently disposed within 3 years.

As there are many such trips and traps, a specialist in the area should be consulted.  Thank you to John Fuller, Jeremy Herbert, and Ian Cubbit for their comments on this issue.

Recorded June 11, 2019

 

 

Watch! QST Changes for Non-Quebec Businesses

Canadian businesses outside of Quebec supplying goods, services or IPP to Quebec consumers?  Rule changes significantly expand the number of businesses required to register for, collect and remit Quebec Sales Tax (QST).  Watch Mitch LaBuick, Indirect Tax Partner, BDO Canada LLP and Caitlin Butler, Video Tax News, discuss these new rules and identify businesses that may be impacted.

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Learn more from Mitch LaBuick! Register for 5 in 55: GST/HST Traps for the Owner-Managed Business and Individual.

Recorded April 15, 2019

 

 

Watch! Discussion with Ian Pryor regarding the future uses of trusts given the new private corporation taxation rules such as tax on split income & corporate passive investment income.

Discussion with Ian Pryor of Pryor Tax Law and Joseph Devaney of Video Tax News regarding the future uses of trusts given the new private corporation taxation rules such as tax on split income and corporate passive investment income.

Recorded October 5, 2018

 

 

Watch! Discussion with Dean Blachford of HazloLaw Business Lawyers regarding the new voluntary disclosure program and first experiences with it.

Discussion with Dean Blachford of HazloLaw Business Lawyers and Joseph Devaney CPA, CA of Video Tax News regarding the new voluntary disclosure program and first experiences with it.

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Recorded October 5, 2018