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Sale of the Family Business - Tax Considerations

In this course, we will examine the tax implications and various other considerations relevant when a family business is sold to a 3rd party.

Created byAlex Garber
IntermediateUpdated Feb 7, 2024

About This Course

For many family businesses, the eventual retirement of its founder(s) often results in the sale of the business to a new (unrelated) owner.  In this course, we will examine the tax implications and various other considerations relevant when a family business is sold to a 3rd party.  

Topics covered include:

  • Different business structures in Canada
  • Two fundamental ways to sell a business
  • Preferences from both seller’s and buyer’s perspective
  • Sale of assets – tax implications to seller and buyer
  • Sale of shares – tax implications to seller and buyer
  • Definition of a CCPC – review of technical rules
  • Acquisition of Control (“AOC”) rules
  • Capital Gains Exemption – review of technical rules and case study example

Course Content

1 activity • 1 videos • duration: 1h 22m

remove
Section 11 videos • 1.4 hours
  • videocamSale of the Family Business - Tax Considerations
    Duration 82:23

Your Instructor

Alex Garber

Educator and Tax Advisor

menu_book20 courses
star7,665 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

Is this course eligible for my CPD requirements as a Canadian CPA?

Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.

Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.

What Students Are Saying

4.7 out of 5
Student's Choice
61 reviews
  • AD
    Anna D.
    starstarstarstarstar

    Wonderful Seminar

  • DS
    Danielle S.
    starstarstarstarstar

    excellent presentation and slides. Alex is easy to understand.

  • FK
    Farhan K.
    starstarstarstarstar

    Very good job Sir!

  • TS
    Theresa S.
    starstarstarstarstar

    Great. Clear and engaging wih examples.

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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