Income Tax - Planning for Business Succession (On-Demand - CPA PRO)
Overview
This course is designed to assist experienced tax practitioners in planning for owner-manager / private company business succession. The course will walk through the various stages of a business life cycle, with a view to identifying opportunities, techniques and tax considerations associated to intra-family and arm’s length succession planning for private companies.
Access expires 180 days from purchase date |
Course Description
This seminar provides knowledge and tools necessary to identify, plan and manage business succession considerations for owner-managers of private companies through various phases of a business life cycle. The content is practical but also technically focused, while covering the pertinent tax issues in depth. This seminar will provide a working knowledge of the principal tax and non-tax considerations in formulating and implementing business succession plans, along with detailed written materials for reference.
Applicable for
Learning Objectives
- Identify and categorize an owner manager’s stage in the ‘wealth cycle’ for succession planning purposes
- Identify and apply business succession alternatives, including the associated tax and non-tax considerations
- Implement various estate freezing techniques, including the internal vs. external estate freeze, wasting estate freeze and refreezing transactions
- Identify instances of post-mortem double-taxation and advise upon the techniques available to mitigate such instances
- Describe the principals that surround valuation, price adjustment clauses and attribution rules, as those concepts relate to estate freeze transactions and succession planning
- Identify opportunities to involve the use of family trusts, alter-ego trusts and joint-spousal trusts in estate planning
- Identify and avoid the potential traps and instances of double-taxation that could arise through intra-family transactions and succession plans
- Determine the tax implications associated to arm’s length sale of private company shares, including the capital gains exemption (with purification strategies), employee ownership trusts and capital gains deferral rules
- Identify and appreciate the potential application of the anti-surplus stripping rules in sections 84.1 and 55(2) of the Income Tax Act
- Implement related-party divisive reorganizations and gain a basic high-level understanding of when ‘butterfly’ reorganizations involving unrelated parties may be applicable
Content
- General tax and non-tax considerations related to business succession and estate planning for owner/managers
- The ‘Wealth Cycle’ of an owner/manager’s private enterprise
- Financing of private corporations and refresher on interest deductibility
- Estate freeze techniques and common corporate tax-deferred rollovers
- Divisive reorganizations (related party and unrelated party butterflies)
- Arm’s length and non-arm’s length divestiture planning
- Capital gains exemption planning and ‘purification’ techniques
- Post-mortem planning techniques
Course Content Created: August 2025
The information is current as of the creation or last updated date. While we strive to keep our inventory updated and periodically remove outdated titles, changes in accounting, tax, legislation and technology may occur. Purchasers should note the date and verify for themselves if the course is still relevant to their needs.Presenter
Mike Harris, LL.BAbout This Product
On-Demand Courses by CPA PRO are either video recordings from live seminars, or video recordings produced specifically for the on-demand audience. Slides and any corresponding handout materials are included where available.These titles are eligible for Verifiable CPD Hours – in order to claim these hours as verifiable, you will be required to successfully complete a short quiz. You will be able to print or save your electronic certificate of completion.
Note that some courses comprise both formal instruction and self-directed exercises. In such cases, participants must complete both components to claim full CPD hours, or must reduce their reported CPD hours accordingly.
Please note that not all on-demand courses include downloadable materials such as course notes or slides.
How to get started
Upon completion of purchase, go to mylms.bccpa.ca and log in using your CPABC Online Services credentials. Click “Go to your Courses and Materials” to go to your Learning Center, then find and click on your course title.
Course Dates & Registration
- 7
- CPD Hours
- 0
- Ethics Hours
- 0
- AML Hours
- 10
- Credits
Starting April 1, 2026, a 2.1% fee will be applied to all credit card transactions. Learn more about this fee and how it relates to PD registrations.
Income Tax - Planning for Business Succession (On-Demand - CPA PRO)
- 7
- CPD Hours
- 0
- Ethics Hours
- 0
- AML Hours
- 10
- Credits
Overview
This course is designed to assist experienced tax practitioners in planning for owner-manager / private company business succession. The course will walk through the various stages of a business life cycle, with a view to identifying opportunities, techniques and tax considerations associated to intra-family and arm’s length succession planning for private companies.
Access expires 180 days from purchase date |
Course Description
This seminar provides knowledge and tools necessary to identify, plan and manage business succession considerations for owner-managers of private companies through various phases of a business life cycle. The content is practical but also technically focused, while covering the pertinent tax issues in depth. This seminar will provide a working knowledge of the principal tax and non-tax considerations in formulating and implementing business succession plans, along with detailed written materials for reference.
Applicable for
Learning Objectives
- Identify and categorize an owner manager’s stage in the ‘wealth cycle’ for succession planning purposes
- Identify and apply business succession alternatives, including the associated tax and non-tax considerations
- Implement various estate freezing techniques, including the internal vs. external estate freeze, wasting estate freeze and refreezing transactions
- Identify instances of post-mortem double-taxation and advise upon the techniques available to mitigate such instances
- Describe the principals that surround valuation, price adjustment clauses and attribution rules, as those concepts relate to estate freeze transactions and succession planning
- Identify opportunities to involve the use of family trusts, alter-ego trusts and joint-spousal trusts in estate planning
- Identify and avoid the potential traps and instances of double-taxation that could arise through intra-family transactions and succession plans
- Determine the tax implications associated to arm’s length sale of private company shares, including the capital gains exemption (with purification strategies), employee ownership trusts and capital gains deferral rules
- Identify and appreciate the potential application of the anti-surplus stripping rules in sections 84.1 and 55(2) of the Income Tax Act
- Implement related-party divisive reorganizations and gain a basic high-level understanding of when ‘butterfly’ reorganizations involving unrelated parties may be applicable
Content
- General tax and non-tax considerations related to business succession and estate planning for owner/managers
- The ‘Wealth Cycle’ of an owner/manager’s private enterprise
- Financing of private corporations and refresher on interest deductibility
- Estate freeze techniques and common corporate tax-deferred rollovers
- Divisive reorganizations (related party and unrelated party butterflies)
- Arm’s length and non-arm’s length divestiture planning
- Capital gains exemption planning and ‘purification’ techniques
- Post-mortem planning techniques
Course Content Created: August 2025
The information is current as of the creation or last updated date. While we strive to keep our inventory updated and periodically remove outdated titles, changes in accounting, tax, legislation and technology may occur. Purchasers should note the date and verify for themselves if the course is still relevant to their needs.Presenter
Mike Harris, LL.BAbout This Product
On-Demand Courses by CPA PRO are either video recordings from live seminars, or video recordings produced specifically for the on-demand audience. Slides and any corresponding handout materials are included where available.These titles are eligible for Verifiable CPD Hours – in order to claim these hours as verifiable, you will be required to successfully complete a short quiz. You will be able to print or save your electronic certificate of completion.
Note that some courses comprise both formal instruction and self-directed exercises. In such cases, participants must complete both components to claim full CPD hours, or must reduce their reported CPD hours accordingly.
Please note that not all on-demand courses include downloadable materials such as course notes or slides.
How to get started
Upon completion of purchase, go to mylms.bccpa.ca and log in using your CPABC Online Services credentials. Click “Go to your Courses and Materials” to go to your Learning Center, then find and click on your course title.
Course Dates & Registration
Starting April 1, 2026, a 2.1% fee will be applied to all credit card transactions. Learn more about this fee and how it relates to PD registrations.