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74: Michelle Bullas: Decoding tax law (Bill C-208) for business owners
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Caleb and Riley are joined by Calgary Lawyer, Michelle Bullas to discuss unique tax savvy strategies for business owners. Michelle specializes in tax planning and has more than 20 years of experience helping her clients pay less tax. In this episode we discuss Bill C-208 and how business owners may want to take advantage of the introduced changes in 2023, 2024 and beyond. If you or your spouse owns a business and you are considering selling that business to a family member, this episode is for you. Learn more about:
- Why you should begin planning a business transition sooner than later and how to take advantage of new tax legislation.
- Bill C-208 and how how it will impact the options you have when selling your business.
- The common mistakes and pitfalls older adults make when adding family members to assets such as bank accounts or to the title of their home.
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