Business owners are a driving force of our economy and community, creating wealth and giving back. However, making charitable gifts of real estate holdings and private company shares comes with certain challenges.
Geoff White's 2015 article, which was recently republished in the Canadian Association of Gift Planners' Leave a Legacy magazine, discusses new rules that were proposed for 2017 to alleviate some of those challenges. While those rules were not implemented, effective planning is still available for business owners to meet and overcome these challenges and to make a difference for their community. Read more (page 5).
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.