OBJECTIVE:
The course offers practitioners, business owners and other tax professionals relevant technical and practical knowledge of important income tax considerations for when it is time to buy, sell, or undertake an intergenerational transfer of a private Canadian business.

The focus of this course will be on transactions between Canadian private business owners and/or their privately-held corporations as well as issues arising from their dealing with family members, public corporations, and non-residents.  Following introductory comments on commercial and tax due diligence issues, a discussion of technical and practical content on relevant rules, anti-avoidance measures, planning opportunities, and updates from government and the courts will be offered in the context of commonly-used transaction structures and business vehicles. In particular, the session will explore separate and comparative material on “share deals” vs. “asset deals,” along with a presentation of issues common to both kinds of deals including high-level introductions to partnerships and unit trusts as alternative vehicles.  Several hypothetical case studies will be reviewed to illustrate major concepts.  

WHO WILL BENEFIT:
Practitioners, industry members, and owners / key executives in privately owned Canadian businesses, who are tax professionals and who want technical and practical knowledge in taxation issues relevant to the purchase and sale of a business in Canada.

LEARNING OUTCOMES:
Participants enrolled in this seminar should be able to:

• explain and act on key income tax concepts that are most relevant to purchasers and vendors of businesses in Canada,
• identify, assess and address both pitfalls, and situations that offer opportunities for tax savings, and
• be up to date on the most important recent legislative and interpretive changes to the rules.

PREREQUISITE:
Strong working knowledge of the Canadian Income Tax Act and have experience in providing income tax advisory and compliance services.