Valuations for Income Tax Planning
Whenever a business or business interest is transferred between non-arm’s length parties, the Canada Revenue Agency (CRA) requires the fair market value to be adequately supported.
This can occur when a business owner transfers the business to their children or when employing other income tax planning measures.
We fulfill this requirement by providing a Chartered Business Valuator’s (CBV’s) Institute-compliant Report calculating the fair market value of the business or business interest. With this report in hand, you will have peace of mind knowing your income tax transaction will be adequately supported if CRA conducts an audit.
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