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Login to watch this video if you have a subscription. Learn more about subscriptions.This presentation examines key tax and succession issues that arise in the context of privately owned corporations and shareholder planning. Topics include rights of first refusal and buy-sell provisions, discounts on sale price between non-arm’s length parties, repurchase versus sale among shareholders, the treatment of insurance proceeds and the capital dividend account, and the use of a family constitution. The session is particularly relevant for lawyers advising private businesses, entrepreneurs, and families on ownership transitions and business succession.
Julian Franch, B.A., M.B.A., J.D., is a Tax Partner at Cassels Brock & Blackwell LLP and a member of the firm’s Tax & Trusts Group. His practice focuses on personal and corporate tax planning for privately owned Canadian corporations and on business succession. He advises private businesses and entrepreneurs through the life cycle of their organizations, including planning for both pre- and post-liquidity events. His recent tax publications include a two-part series on succession planning published by Wolters Kluwer and an article on the effective use of shareholders’ agreements for business succession presented at the Canadian Tax Foundation 2024 Ontario Tax Conference.