Planning for tomorrow today

Business succession and estate planning allows for a smooth and orderly transfer of a business from one generation to the next. A lack of planning could result in you paying more income tax and passing on less to your heirs.  For owner-managers this cannot be taken lightly.

“Planning for Tomorrow Today”

Business succession and estate planning can help you:

•    Transfer ownership and the future growth of your business to the
next generation tax-free, while keeping control in your hands;
•    Reduce or eliminate the taxable gain on the eventual disposition of
your business upon death;
•    Secure a steady stream of income from your business so that you
can truly enjoy your retirement years; and
•    Take advantage of income splitting opportunities with your family
members immediately.

By working with Madan Chartered Accountant in Toronto, you can develop a business succession and estate plan that best suits your situation.

Diagram of Estate Freeze

Below, is a diagram of an estate freeze structure that illustrates the points discussed above.  For a more detailed explanation, please read the article Estate Planning Advice by Allan Madan.