CALU Report: Dealing with Private Company Shares at Death; Post-mortem and Insurance Planning
This CALU Report by Jeannie Lim and Hemal Balsara is the first of a two-part series dealing with post-mortem tax planning for an individual who owns private company shares at death. It updates a 2009 CALU Report on the same subject considering several significant tax changes since that time. We extend our thanks to CALU’s Tax Advisor, Kevin Wark and CALU Members and Associate Members Stuart Dollar, Florence Marino, Patrick Uzan and Brent Vandekerckhove for the contributions to the review of the publication. Download Now
A Fresh Look at the Capital Gains Rollover Provision
Read our latest “Tax Byte” which focusses on a lesser-known tax planning option – the capital gains roller provision of the Income Tax Act (ITA). This six-page article reviews the main elements of the provision, discusses current proposals to expand its scope and concludes with commentary on the urgent need to review and rationalize the various provisions of the ITA that apply to small businesses owners. Download now
Highlights from 2024 Fall Economic Statement
Read CALU’s summary of the 2024 Fall Economic Statement, including details on the following topics: Small Business Share Rollover, Implementing the Canadian Entrepreneurs’ Incentive, Cracking Down on Tax Evasion and Exempting the Canada Disability Benefit from Tax. Read more
AMT Update: Legislation Enacted and Proposed Amendments
In an update from our September 2023 CALU Report, this publication discusses recently enacted changes to the Alternative Minimum Tax (AMT) that will apply starting in the 2024 tax year and additional technical amendments proposed in August 2024 draft legislation. The CALU Report also addresses related planning implications for high-income Canadians. We extend our thanks to Will Anderson from PwC for his work on this publication. Download Now
