Good news for entrepreneurs!
Intergenerational business transfers are now much easier!
As of January 1, 2024, new tax rules allow a relative to sell his or her company to a business owned by his or her children (or nephews/nieces), while benefiting from the capital gains exemption. As of June 25, 2024, this exemption has reached $1,250,000, offering tax savings of up to $333,000 per selling parent.
To take advantage of this exemption, certain conditions must be met. Plan your business transfer with our experts to optimize your tax benefits.
Contact us today for an appointment to review your corporate structure.
About BOURASSA BOYER
Stimulated by its entrepreneurial dynamism, the multidisciplinary team of experts at BOURASSA BOYER aims to develop a close business relationship with its clients in order to bring greater flexibility to their decision-making process.