Published: July 14, 2021
Last Updated: July 26, 2021
Canadian tax expert David Rotfleisch was recently featured in an article on thelawyersdaily.ca. He discusses the new Bill C-208’s passing, which highlights how these amendments will allow family business owners to receive tax relief when transferring qualifying business shares to family members.
“Under Bill C-208’s amendments, greater flexibility has been given for reorganization plans and intergenerational transfers of family businesses. The Ministry of Finance, however, announced on June 30, 2021, plans to delay the effective date of Bill C-208 to Jan. 1, 2022.”
Check out the full article here.
"This article provides information of a general nature only. It is only current at the posting date. It is not updated and it may no longer be current. It does not provide legal advice nor can it or should it be relied upon. All tax situations are specific to their facts and will differ from the situations in the articles. If you have specific legal questions you should consult a lawyer."