TAX AND TRUST PLANNING
TAX AND TRUST PLANNING
TAX AND TRUST PLANNING
At VDW Law, we provide personalized tax and trust planning services designed to address your unique circumstances. Whether managing a family-owned business, navigating significant transactions, or working to preserve and transfer wealth, our team offers advice tailored to your specific needs. We ensure that your strategies are efficient, compliant, and aligned with your goals.
Corporate Reorganizations
Estate Freezes
- This type of planning tool is used to lock in the current value of assets, and transfer future growth to the next generation in a tax-efficient manneroften through the use of family trusts or other legal structures
- Estate freezes are commonly used in family businesses to transition ownership and control while protecting the business from significant tax impacts.
Butterfly Transactions
- Split corporate assets among shareholders in a tax-efficient manner.
- Avoid immediate tax implications during asset division.
- Maintain operational continuity of business segments.
Purifications
- Qualify your corporation for the lifetime capital gains exemption.
- Remove non-active business assets to insulate those assets from operational risk.
- Optimize your corporate structure for sale or transfer.
Business Succession Planning
Efficient Transfer to Next Generation
- Develop strategies for a smooth transition of business ownership.
- Minimize tax liabilities for both the departing and incoming owners.
- Ensure continuity and long-term success of the business.
Family Trusts & Shareholder Agreements
- Implement family trusts to manage ownership transition.
- Draft agreements to protect all parties’ interests.
Transactional Tax Planning
Capital Gains Exemption Utilization
- Maximize the use of your lifetime capital gains exemption.
- Structure the sale of your business to minimize tax.
- Optimize tax outcomes in mergers, acquisitions, or sales.
Post-Mortem Tax Planning
Loss Carry-Back
- Applying capital losses incurred after death against capital gains reported in the final tax return, thereby avoiding double tax where an estate holds shares of a private corporation
- Reduce estate tax liabilities and preserve inheritance value.
Post-Mortem Pipeline
- Transfer private corporation shares to heirs tax-efficiently.
- Avoid double taxation on assets held in a private corporation.
Departure Tax Planning
Non-Resident Planning
- Develop tax strategies for Canadians leaving the country or becoming a non-resident.
- Minimize departure tax liabilities and maximize tax deferrals.
- Manage cross-border tax implications for personal and business assets.
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Disclaimer: The information provided on this website is for general purposes and should not be used as legal advice.
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