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New book on taxation of private corporations


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.

In this video, BDO Tax leaders Dave Walsh and Rachel Gervais join with Gowlings and CTF leaders to explain why this book matters to the tax community.

Play Book Launch: Taxation of Private Corporations and their Shareholders | BDO Canada

In the video, two of BDO's Tax leaders share why Tax practitioners have been asking for an updated book on the taxation of private corporations. Watch Dave Walsh, Tax Service Line Leader, and Rachel Gervais, GTA Group Tax Service Line Leader.

Play Writing the book on taxation of private corporations #WeWroteTheBookOnThat | BDO Canada

Hear from BDO Partner Danvir Roopra, who co-authored Chapter 4, 'The Decision to Use a Holding Corporation.'

Play Tax considerations when deciding to use a holding corporation #WeWroteTheBookOnThat | BDO Canada

The tax-planning landscape has shifted in the past five years for professional corporations. Hear how it has changed from BDO Partner Nick Kietaibl. He co-authored Chapter 5, 'The Use of a Professional and Personal Service Corporation.'

Play Tax planning for professional corporations #WeWroteTheBookOnThat | BDO Canada

BDO Partner Jesse Moore co-authored Chapter 6, 'The Small Business Deduction and Associated Corporations.' Included is a much-anticipated deep dive on the newer specified partnership income and specified corporate income rules.

Play Small Business Deduction for Canadian-controlled private corporations #WeWroteTheBookOnThat | BDO

BDO partner Sheana Espiritu co-authored chapter 8 on Income Splitting and Tax On Split Income (TOSI) from the Canadian Tax Foundation's flagship publication Taxation of Private Corporations and Their Shareholders, the fifth edition.

Play Distributions to Family Members #WeWroteTheBookOnThat | BDO Canada

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.

Play Tax Considerations in Buying or Selling a Business #WeWroteTheBookOnThat | BDO Canada

More than 100 BDO tax professionals came together to ensure this new edition is comprehensive and current for the Canadian tax community. Hear from just a few of the BDO partners who made this book a reality: Adam Thompson, Danvir Roopra, David Elrick, Jesse Moore, Nick Kietaibl, Sheana Espiritu.

Play Authors from the tax book on private corporations #WeWroteTheBookOnThat | BDO Canada

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