Legal News Report

Post-Mortem Tax Planning

Owners of private corporations are often unaware of the potential for double taxation on death. The increase in value of the corporation may be taxed first as a capital gain at the time of death, and second as a deemed dividend as a result of the distribution of corporate assets to the deceased’s estate upon wind-up of the corporation. Our Team provides post-mortem tax planning advice to implement strategies such as subsection 164(6) loss carryback elections, pipeline plans, and paragraph 88(1)(d) and subsection 87(11) bumps to reduce or eliminate double taxation on death. To access our most recent Legal Business Report on Post-mortem Tax Planning, click here.

Alpert Law Firm assists entrepreneurs and high net worth individuals in planning and arranging their affairs to preserve wealth and complete an orderly transfer of property and assets to spouses or from one generation to the next. Howard Alpert, C.S. has been certified by the Law Society as a Specialist in Taxation Law and as a Specialist in Corporate and Commercial Law and is recognized as an expert in Estates and Trusts Law. For more information on our Estate Planning services, click here.

Planning for Shareholder Loans

Subsection 15(2) of the Income Tax Act prevents the tax-free distribution of corporate funds to, or for the benefit of shareholders through the use of loans or other indebtedness transactions. There are important exceptions for certain types of loans made to employees. To review Part 1 of our newest Legal Report, which discusses the most recent developments on this topic, click here.

Alpert Law Firm's tax expertise enables its corporate clients to minimise and defer their taxes when engaging in commercial transactions and corporate reorganisations. Howard Alpert, C.S. is certified by the Law Society as a Specialist in Corporate and Commercial Law and as a Specialist in Taxation Law and is recognized as an expert in Estates and Trusts Law. Our Team has extensive knowledge and skill in transactions involving virtually every area of Corporate and Commercial Law. Our clients range from family businesses to large corporations, and operate in all types of industries. For more information on our Tax Planning Services, click here.

Increase your Bottom Line

Alpert Law Firm's tax expertise enables its corporate clients to minimize and defer their taxes when engaging in commercial transactions and corporate reorganizations. Howard Alpert, C.S. is certified by the Law Society as a Specialist in Corporate and Commercial Law and as a Specialist in Taxation Law. Our Team has extensive knowledge and skill in transactions involving virtually every area of corporate and commercial law. Our clients range from family businesses to large corporations, and operate in all types of industries.