58% of business owners do not have a succession plan[1]. Can you guess what the single biggest reason is for setting aside that task? 78% of respondents say that they’ve ...
Succession planning and tax planning: two of a kind
Small business owners have a lot on their plates. A smaller team means in many cases that the owners have to wear multiple hats, playing several different roles at once. ...
Are you thinking of selling your family farm?
According to 2016 Census of Agriculture, there are 193,492 farms operating in Canada. While the total number of farm operators is declining, the average age of a Canadian farmer is increasing, with ...
5 big reasons to review your financial plan annually
Creating an effective financial plan takes thought and careful preparation. Once your plan is complete, and the steps towards your goals are set in motion, it’s tempting to check the ...
Estate Planning: Best conducted early, and often
Remember the fable about the ant and the grasshopper? The grasshopper hedonistically enjoys the summer and perishes when the winter arrives. Meanwhile, the ant works hard to prepare for winter ...
Zeifmans TOSI & 2018 Tax Update
In November 2018, Zeifmans hosted two TOSI (Tax on Splitting Income) & 2018 Tax Update Breakfast and Learns at our office, in Toronto, Canada. Presenters, Jonah Bidner and Nathan Jung discussed ...
So you closed a big real estate deal – now what?
So you finally closed that big real estate deal and are left with significant funds in your corporation. You have now moved onto to evaluating various investment options, looking at ...
Estate freezes: key to business owners’ estate planning to reduce or defer capital gains tax
Estate freezes have been the cornerstone of estate planning for business owners for as long as capital gains tax has existed in Canada, dating back to 1972. The main driver ...
Mediation and the deemed disposition: Capital gains tax after death may reduce the value of your estate
As a follow up to ‘A tax trap in estate law mediation’, David Posner, Partner and Charles Wagner of Wagner Sidlofsky LLP discuss how your estate may have to pay ...