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Intergenerational Business Transfers – Tax Considerations

Understanding Tax Implications for Family Business Transfers in Canada.

Created byAlex Garber
IntermediateUpdated Oct 27, 2024

What You'll Learn

  • check_circleIdentify and differentiate the tax considerations of various Canadian business structures in family transfers.
  • check_circleExplore effective methods for transferring a family business to related owners.
  • check_circleAnalyze tax implications of gifts, sales, and share transfers for both sellers and buyers.
  • check_circleReview changes to Section 84.1, including amendments by Bill C-208 and updates effective January 1, 2024.

About This Course

For many family businesses, the eventual retirement of its founder(s) often results in the transfer of the business to another—usually younger—owner within the family. In this course, we will examine the tax implications and various other considerations relevant when a family business is transferred to another related owner.

Topics Covered:

  • Different business structures in Canada
  • Potential methods of transferring a family business to another family member
  • Gift, sale, and transfer of shares—tax implications to seller and buyer
  • Example scenario to illustrate application
  • Section 84.1 – review of technical rules (prior to June 2021)
  • Bill C-208 amendments to section 84.1 – review of technical rules (from June 2021 through December 2023)
  • Further changes to section 84.1 – review of technical rules (effective January 1, 2024)

Course Content

2 activities • 1 videos • duration: 1h 14m

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Section 11 videos • 1.2 hours
  • videocamIntergenerational Business Transfers – Tax Considerations
    Duration 74:35
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Final Assessment1 quiz

Your Instructor

Alex Garber

Educator and Tax Advisor

menu_book20 courses
star7,662 reviews

Alex Garber, CPA, CA, MTax has been working in public accounting since 2004, focusing primarily on income taxation for Canadian owner-managed businesses and their shareholders. Alex presents PD seminars for CPA Ontario and facilitates at the CPA Canada In-Depth Tax Program. Alex is also a faculty member at the Schulich School of Business, York University, where he teaches income taxation at both undergraduate and master's levels. Alex started his career with Deloitte and Touche LLP in Toronto. He is currently an independent tax advisor, assisting various clients, sole-practitioners and CPA firms in Ontario.

Credit Information

Professional development requirements vary by profession, country, and regulatory body. Before enrolling, review the course details and confirm that the content, learning format, and any listed credits meet your specific requirements. You are responsible for confirming eligibility with your regulator or professional association and keeping the records required for reporting.

What Students Are Saying

4.7 out of 5
Student's Choice
297 reviews
  • GA
    George A.
    starstarstarstarstar

    Presentation easy to follow.

  • MS
    Miles S.
    starstarstarstarstar

    Very good presentation. Concise and includes the relevant points.

  • DS
    Danielle S.
    starstarstarstarstar

    best notes. Great explanations by Alex!!

  • PG
    Purita G.
    starstarstarstarstar

    Explained in detail and understandable. Enjoyed it!

Frequently Asked Questions

We are a registered provider with 300+ associations and regulatory bodies worldwide. We operate across 27 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.

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