Andrew C. Bateman

Partner | Calgary

403.298.2419

Portrait of Andrew C. Bateman
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Partnership freeze – A better alternative under the new capital gains rules?

With the advent of the proposed new capital gains rules, renewed consideration is warranted with respect to alternate forms of tax efficient estate planning – such as a partnership freeze. A partnership freeze is a planning technique that has not […]

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Upcoming changes to the capital gains inclusion rate: Planning opportunities to reduce the impact of the new rules

Since 2000, the capital gains inclusion rate under the Income Tax Act (the “Tax Act”) has been one-half of the applicable capital gain.  As a consequence, capital gains during this period of time have generally been subject to tax at […]

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New considerations when seeking to multiply access to the lifetime capital gains exemption

Proactive planning to multiply access to the lifetime capital gains exemption (“LCGE”) for shares of a qualified small business corporation (“QSBC”) or qualified family farm property (“QFFP”) remains of ongoing interest to taxpayers and their family members that may be […]

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Intergenerational business transfers: Bill C-208 developments

Prior to 2021, section 84.1 of the Income Tax Act (“Act”) created a real impediment to a tax-efficient succession of a family business from one generation to the next, effectively penalizing a sale to a family member compared to an […]

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Trust planning and the notifiable transaction rules: Where do we go from here?

In 2022, the Department of Finance released draft legislation that includes, as part of a new regime of mandatory reporting rules, the notifiable transaction rules (“Rules”). The Rules are set to apply in a wide range of tax planning areas, […]

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Changes to the substantive CCPC rules

On August 9, 2022, legislative proposals relating to the Income Tax Act (the “Act”) and other tax legislation were released by the Department of Finance for public feedback (the “August Proposals”). The August Proposals seek to implement certain measures previously […]

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What should I do with my non-CCPC?!?!

Taxpayers who previously engaged in non-CCPC tax planning have a decision to make – and ideally soon. For context, in recent years, a number of Canadian taxpayers implemented planning that involved causing a Canadian-controlled private corporation (“CCPC”) to cease to […]

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