Cadesky Tax Seminars

2 Hours Verifiable CPD | Slides with Detailed Notes Included

In this program, you will learn how to:

• Navigate the complex relationships and dynamics when transitioning a family business to the next generation
• Implement effective tax planning strategies including estate freezes, redemption programs, and intergenerational transfer rules
• Evaluate different succession approaches based on business value, structure, and family circumstances
• Apply the new intergenerational transfer rules while avoiding potential pitfalls and retroactive tax consequences

Family business succession involves balancing complex relationships, tax implications, and financial needs. Parents often struggle with determining fair treatment for active versus non-active children, maintaining appropriate control during transition, and structuring payments that work for both generations. Learn how to evaluate different approaches, from gifts to freezes to arm's length sales, while navigating the technical requirements of new intergenerational transfer rules to create succession plans that meet both family and tax objectives.

Family Business Succession Explained By The Experts

Program Length:

1h 46m + Technical Corner and recorded Q&A session.

This course provides guidance on transitioning family businesses to the next generation. You'll learn how to evaluate different succession approaches, implement tax-efficient strategies, and navigate the new intergenerational transfer rules. Through real-world examples, you'll develop the skills to structure transitions that balance family dynamics with optimal tax outcomes.

This course is for you if you are responsible for:

• Advising business owners on succession and transition planning
• Structuring tax-efficient transfers of family businesses
• Implementing estate freezes and corporate reorganizations
• Navigating complex family dynamics in business transitions
• Ensuring compliance with new intergenerational transfer rules

Completing this program earns you a Verifiable CPD Certificate to help you meet your annual and triennial CPD requirements, including the minimum of 10 verifiable hours per year and 60 verifiable hours over a three-year period.

Explore key sections of the Income Tax Act with our optional deep dives. These sessions offer clear, practical explanations of complex rules — helping you understand the reasoning behind tax strategies and handle technical questions with confidence.

FCPA, FCA, FTIHK, CTA, TEP (Emeritus)

Michael Cadesky is the managing partner at Cadesky Tax and a committed contributor to the tax and accounting professions since 1980, earning the title of Fellow from CPA Ontario. He is a past governor of the Canadian Tax Foundation, past chair of STEP Canada and STEP Worldwide, and past chair of the CPA Canada Tax Committee for Small and Medium-Sized Enterprises. Michael is also the co-author of 11 books on tax subjects and the author or co-author of numerous papers and articles on Canadian and international taxation.

CPA, CA, TEP

Hugh Woolley is an independent tax consultant who has taught income tax for over 30 years for a number of different professional organizations. Hugh has written courses for CPA Canada and over 10 papers for the B.C. Tax Conference as well as papers for the CTF’s National Tax Conference and STEP Canada’s National Conference. From 1990–1992 he worked at the CRA’s Rulings Directorate in Ottawa writing “butterfly” tax rulings. Hugh is a past Governor of the Canadian Tax Foundation.