A successful business corporation can generate a healthy amount of excess cash or investments that accumulate over time. A “corporate purification” provides a tax efficient way to separate this cash from your active business.
Please see our latest Tax Bulletin for a discussion of this topic.
This Tax Bulletin is the second of four Tax Bulletins that will discuss the life cycle of a business. We will also discuss Estate Freezes and Family Trusts in later Bulletins. View our Previous Bulletins.