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Using a Family Trust in Business

Family Trusts for Business

The discretionary family trust is a tool used by some business owners to reduce tax liability and increase flexibility in the family economic unit by facilitating tax-favourable distribution of funds, business succession and estate planning. Using a discretionary family trust to hold shares in a private company can have significant tax and planning benefits. This paper seeks to provide an overview of the beneficial uses of a trust by the owner of a privately held corporation in Canada.

Download the full paper here: Nick Wright Using a Family Trust for Business Tax Planning 160814

 

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