Estate planning if you own a business
Your estate may be saddled with a large capital gains tax bill if your business has grown in value over the years. This could leave your family and estate with a potentially large financial burden.
An estate freeze – where the value of your business interests is frozen as of a certain date – is a common strategy to address this issue.
Original Article Source Credits: Get Smarter About Money , https://www.getsmarteraboutmoney.ca/
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Link to Original Article: https://www.getsmarteraboutmoney.ca/plan-manage/planning-basics/wills-estate-planning/estate-planning-if-you-own-a-business/