Amendments to Bill C-208: Opportunities and new restrictions for intergenerational business transfers

By Ashley Kim
Published: 11/21/2023
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Photo credit: Edwin Tan/iStock/Getty Images

Before Bill C-208 came into effect on June 29, 2021, owners of a small business corporation, a family farm, or a fishing corporation were penalized when they sold or transferred shares to their child through a corporation owned or controlled by the child.

Amendments to Bill C-208: Opportunities and new restrictions for intergenerational business transfers


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