CBV Insights Article

I am thrilled to announce the publication of the latest article, co-authored with Henry Shew, CPA, CA, LL.M, TEP, CPA (WA), MAcc, a consummate tax professional and long-time trusted advisor, in the Chartered Business Valuators Institute (CBV Institute) CBV Insights series.

This article provides valuable insights into recent tax developments and their implications for CBVs and tax advisors. We aim to equip the professionals with the knowledge necessary to navigate these changes and effectively advise their clients.

Key topics discussed include:

1) Lauria v. The Queen: Lessons on the importance of accurate and independent valuations in share transfers, particularly in preventing disputes with the CRA.

2) Capital Gains Inclusion Rate Increase: The implications on valuation due to the higher inclusion rate with numerical examples regarding the change.

3) Intergenerational Business Transfers (Bill C-208 & C-59): Insights into the updated rules for transferring family-owned businesses, with a focus on CBVs' role in ensuring the intergenerational business transfer rules are adhered to by families.

We believe this article offers timely and practical guidance for professionals navigating today's dynamic tax environment.

The full article can be accessed here: https://lnkd.in/gA4CG8aE