So much has changed for private corporations in the world of tax. Tax on split income (TOSI) and passive income are two popular topics. But tax practitioners across the country are looking to stay current on all areas when advising private corporations.
To fill the void, BDO Canada LLP and Gowling WLG have co-written the fifth edition of Taxation of Private Corporations and Their Shareholders — the flagship publication of the Canadian Tax Foundation — which analyzes the tremendous changes affecting private corporations over the past few years. This book is the primary resource for private businesses, their shareholders, and their advisors across Canada.
Among the topics added or refreshed in this edition: the decision to use a holding corporation, TOSI, passive income, the small business deduction, buying and selling a business, and the scientific research and experimental development (SR&ED) tax credit.
The publication is available as a hardcopy, and digitally on the Canadian Tax Foundation's online collection, TaxFind.
To learn more about the book, watch these videos featuring BDO Tax professionals highlighting individual chapters—and why these topics matter to private corporations and their advisors.
There are different benefits and tax considerations for both the buyer and seller of a business. BDO Tax Partners Adam Thompson and David Elrick co-authored chapter 16 Tax Considerations in Buying or Selling a Business in the important resource Taxation of Private Corporations and Their Shareholders, fifth edition.