Succession Planning: Transferring your family business to the next generation webinar
Attend Grant Thornton’s Succession Planning: Transferring your family business to the next generation webinar.
Date: Thursday, May 18, 2023
Time: 9:00 AM Pacific Daylight Time
Duration: 1 hour, 30 minutes
The federal government proposed amendments to the rules in Bill C-208 to facilitate intergenerational business transfers (IBT), including the introduction of two separate sets of tests to impose new restrictions. These restrictions introduce new timing requirements for a parent to give up control of the transferred business and for the child to have an active involvement in the business. Changes to Bill C-208 apply to transitions occurring on or after January 1, 2024, if enacted.
Are you wondering what challenges or opportunities this may present for your family business and intergenerational transfers?
Join our panel of tax and family enterprise advisory professionals as they outline:
- the modifications introduced in Federal Budget 2023
- details of the new immediate IBT and gradual IBT tests
- what impacts the new and amended legislation may have on your family business when transferring to the next generation
- potential benefits of putting your plan in place now ahead of the December 31, 2023, deadline
Keeping your business in the family means understanding your options so that you can effectively plan your next steps—because your business deserves to stay in your family’s hands.
Your business. Your legacy.