An in-depth overview of understanding the conditions that need to exist before, during, and after the transfer to qualify for immediate and gradual transfers.

Specific topic areas will include:

• Purpose of intergenerational transfers
• Differences between immediate and gradual business transfers
• Overall purpose of the Intergenerational Rules
• Similarities and differences between the Immediate Transfer method and the Gradual Transfer method
• An in-depth analysis of new income tax subsections 84.1(2.31) and 84.1(2.32) that outline the required criteria to qualify for the Intergenerational Transfer rules
• A discussion of the timelines under which all the criteria must be met
• A presentation of certain practical issues that may arise, along with suggested solutions or workarounds.
• Managing professional risks and challenges

This course is ideal for: General practitioners with family businesses as clients.