On June 29, 2021, the Private Member’s Bill C-208, regarding the transfer of small businesses and family farm or fishing corporations (the Bill), received Royal Assent. The Bill limits the application of section 84.1 on inter-generational business sales. Avoiding section 84.1 allows the vendor to receive capital gains treatment on a non-arm’s…
Bill C-208: The saga continues…
By Derek de GannescloseAuthor: Derek de Gannes
Name: Derek de Gannes
Email: derek.degannes@rsmcanada.com
Site: https://www.rsmcanada.com/
About: Derek A. de Gannes: Senior Director, Private Client Services of RSM Canada. RSM Canada is committed to the highest level of integrity, quality and professionalism and provides clients with solutions in the area of Audit, Tax and Transaction Services. Email: derek.degannes@rsmcanada.comSee Authors Posts (133) • July 27, 2021 • 0 Comments
Email: derek.degannes@rsmcanada.com
Site: https://www.rsmcanada.com/
About: Derek A. de Gannes: Senior Director, Private Client Services of RSM Canada. RSM Canada is committed to the highest level of integrity, quality and professionalism and provides clients with solutions in the area of Audit, Tax and Transaction Services. Email: derek.degannes@rsmcanada.comSee Authors Posts (133) • July 27, 2021 • 0 Comments