Tax Planning for Incorporated Individuals

This course focuses on personal and corporate tax planning for small to medium-sized businesses, owned and operated by professionals, with a special focus on financial advisors and medical practitioners. Retirement and succession planning is also an integral part of the course.

Strategies that have been used by business owners and their advisors for decades may no longer be valid. Advisors need to be aware of these changes and understand what impact they will have on their clients. This course highlights those changes and frames proper planning and compliance issues for busy professional tax and financial advisors charged with assisting these businesses.

This course will teach you how tax compliance differs for micro- and medium-sized businesses. You’ll learn about shareholder matters as they relate to corporate and shareholder tax planning and corporate structure review. Also covered are tax efficiencies such as income splitting, income averaging, tax exemptions and deferrals. You’ll discover the top ten strategies for retirement and succession planning and how to sell a block of business—as in shares versus assets and evaluating access to lifetime capital gains exemption.