Topic: Demystifying the Canadian Private Corporation
Date: Wednesday, October 29, 2014
Time: 1:00 – 2:00 pm
Location: United Way Office – 425 McNaughton Ave W., Chatham
Presenter: Robert Kleinman
Who should attend: All non-profits who have or are considering starting a Planned
(Legacy) Giving Program
Description:
The Canadian income tax system contains a unique set of rules which makes the use of
corporations a norm for entrepreneurs. The result is most of Canadian private wealth is held
within corporations. Thus the corporation is often the source of “personal giving”. It is also,
usually besides RRSPs, the reason for taxes at death, and is the cause for most estate planning
reviews. Understanding the problem and potential solutions may lead to enhanced legacy gifts.
This webinar will begin by reviewing the corporate system and the different ways that gifts can
come out of the corporation. It will review the particular tax rules for gifts of private company
shares. We will review a simple estate plan involving a company, insurance and a legacy gift and
provide the participant with the tools to make the presentation. Lastly we will review a more
difficult gift plan involving private company shares which may be advantageous for Canadians
who have sold significant corporate property.
