Business Planning Video Series Part 2

Forming a newly incorporated business is not too complex of a task. We will look at how corporation control will work, what kind of corporations are related or connected. This will impact the ability to use the small business deduction. Using Section 85 to transfer assets into a corporation tax-free and starting out with the basics of dividends.

Topics discussed:

• Dorporation control
• Unanimous shareholders agreement
• Section 85 rollover
• Related, associate, affiliated, and connected corporation
• Dividend basics