Name: Succession Planning for Owned Managed Companies
Price: 119 CAD
Rating: 4.5 (124 reviews)

What You'll Learn

check_circleGrasp the Emotional and Financial Stakes: Understand the emotional implications and financial stakes involved in succession planning for business owners.

check_circleMaster Tax Implications: Gain a thorough understanding of tax implications, rules, and incentives related to business succession planning.

check_circleEvaluate Succession Options: Learn to evaluate and choose the most appropriate succession options based on the specific circumstances of the business and the owner's desires.

check_circleNavigate Legal Complexities: Develop the ability to navigate through the complexities of the Income Tax Act and other legal frameworks impacting business succession.

check_circleStrategic Decision-Making: Acquire skills in strategic decision-making and planning to ensure a smooth and beneficial transition of business ownership.

About This Course

Succession Planning for Owner-Managed Companies is an enlightening and comprehensive course designed to guide business owners, financial professionals, and legal advisors through the intricate process of business succession. In this course, led by seasoned CPA tax expert Joe Yukich, participants will delve into the nuances of transferring ownership of a company, focusing on the financial and emotional aspects of the transition. This course is not merely a walkthrough of the technicalities of succession planning; it is an exploration of the strategic decision-making and meticulous planning required to ensure a smooth transition of business ownership.

Key talking points covered in the course include:

Understanding the emotional weight and financial implications of succession for business owners.
The role of tax planning and financial projections in succession planning.
Strategies for transferring business ownership to family members or third parties.
Navigating complex tax rules and leveraging available tax incentives.
The importance of listening to the business owner's story and aligning their aspirations with practical succession strategies.
Evaluating the readiness and capability of the next generation or external parties to take over the business.
The impact of various types of transactions (sale, gift, share redemption) on tax liabilities.
The significance of timing in relinquishing control and implementing succession plans.
A detailed examination of tax rules, including specific sections of the Income Tax Act, and their application in different succession scenarios.
The necessity of meticulous planning and the potential pitfalls of rushing the succession process.

Your Instructor

Joe Yukich

menu_book1 courses

star124 reviews

Joe Yukich is an experienced tax specialist with a particular focus on estate planning and personal and corporate tax minimization. Previously a tax partner at KPMG for 13 years servicing numerous corporate and affluent family clients. Author of several tax articles and papers. Frequent speaker to numerous tax groups including the Canadian Tax Foundation and CPA Ontario and CPA Canada (formerly the Ontario and Canadian Institutes of Chartered Accountants).

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

4.5

Student's Choice

124 reviews

Frequently Asked Questions

We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 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.