EP317 Navigating Tax Complexities for a Cash-Rich Business Exit

Taxes may not be the most exciting topic, but mastering tax planning is crucial for entrepreneurs aiming for a cash-rich business exit. In this insightful episode, host Colleen O’Connell-Campbell sits down with Mike Nazarov, a seasoned tax partner at KPMG Canada, to decode Canadian tax updates and share essential strategies for structuring your Canadian-controlled private corporation.

 

Here's what you can expect from this episode: 

 

🔑 Practical insights into the recent capital gains inclusion rate changes in Canada. 

📈 Tips for optimizing your business structure for maximum tax efficiency. 

🏢 Understanding the vital role of proactive tax planning in business transitions. 

💼 Why your corporate structure should evolve alongside your business goals.

 📆 Guidance on how frequently you should review and update your tax strategy.

 

Mike shares actionable advice to help you navigate the complexities of tax planning, ensuring you're positioned for success whether your exit strategy involves selling to a third party, transitioning to family, or planning for unexpected events.

 

Don't miss Mike's fun, frank advice on building your business "A-Team" - the essential experts every entrepreneur needs in their corner.

 

🎧 If you enjoyed this conversation, please leave a 5-star rating and review - it helps us continue to bring valuable insights directly to entrepreneurs like you!

Let's stay connected! Reach out to Colleen O’Connell-Campbell on LinkedIn for personalized guidance and to explore a 1:1 Wealth Gap Analysis to get you on track for your own cash-rich exit.

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The Cash Rich Exit Podcast is brought to you by O’Connell-Campbell Wealth Management at RBC Dominion Securities.

 

All opinions expressed by the host, Colleen O’Connell-Campbell, and podcast guests are solely their own opinions and do not reflect the opinion of RBC Dominion Securities.

 

This podcast is for informational purposes only before taking any action based on information in this podcast you should consult with a qualified professional.

 

Colleen O’Connell-Campbell is a Wealth Advisor at RBC Dominion Securities, a member of the Canadian Investor Protection Fund.