Due to the way dividends
paid from a corporation's capital dividend account are treated, some buy-sell
agreements will need review. The corporate redemption buy-sell agreement,
under the new stop loss rules, may now create double taxation problems. It
is advised that this type of buy-sell agreement be reviewed.
Methods have been devised
by financial planning professionals to offset any negative tax effect. It
may be advisable to talk to a good tax accountant or tax lawyer.
|
This content is protected by copyright and is produced by Canadian Financial Publishing Group and is not to be copied, or clipped or stored on any computer or republished for any reason. The publisher does not guarantee the accuracy and will not be held liable in any way for any error, or omission, or any financial decision. Please read Copyright
& Legal Disclaimer regarding article use which applies to all who use this website. ©Adviceon •
email: editor@adviceon.com •
Editor
Use Only
