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An Estate Freeze and Your Family Trust

A piggy bank with a clock sitting on top of it

An Estate Freeze and your Family Trust are two very powerful tax planning tools.  If you’re smart about your tax planning you won’t pay a dime of tax on any growth of your assets after you turn a certain age if you undertake an estate freeze at the appropriate time. An estate freeze is the process of taking…

Business Asset Sales and Corporate Share Sales

We frequently are asked to advise upon the implications of selling shares and/or business assets.  When selling your business, there are many factors to consider and whether you sell shares or assets is a foremost consideration. Generally, we find that the sale of shares yields a better result for the seller than the sale of assets.  This is especially true if…

JP McAvoy speaking at East Region Solicitors Conference

ConductLaw’s Managing Partner JP McAvoy is speaking at the East Region Solicitors Conference to be held at the Fairmount Le Chateau Montebello on Friday May 22 and Saturday May 23, 2015. JP McAvoy practices corporate and commercial law at ConductLaw. He was called to the bar in Ontario in 2001, he received his LL.B from…

Partnership and Business Agreements

  Partnership Agreements and related Business Agreements are essential.  From time to time we get asked to comment upon key court decisions and how they impact our corporate and professional clients. In Van Allen v.Vos, 2014 ONCA 552 (C.A.), the Court of Appeal addressed the issue of limitation periods and discoverability in relation to a…

ConductLaw is Growing Again

ConductLaw is growing once again.  We have an opening for a legal admin, a corporate clerk as well as a residential conveyancing legal assistant that has experience in all facets of a real estate transaction. The successful candidate(s) will be industrious, conscientious, organized, enthusiastic, and generally good natured. We are looking for people that are skilled at conveyancing from…

ConductLaw on Stock Option Plans

ConductLaw on Stock Option Plans   Occasionally, we get asked questions by clients who are considering implementing a stock option plan.  These clients often want to provide incentives and promote loyalty to key employees or contractors.  After explaining how a stock option plan works, we can help a client determine whether or not it is appropriate under their specific circumstances.   In our discussions with…

Use of Trusts for US citizens in Canada

When we are meeting with our married clients, there are certain issues that we need to address when one is a US citizen and the other spouse is not and both are resident in Canada. Fortunately, with careful planning, there are steps that can be taken to manage the exposure to US estate tax.  We help we manage this exposure by ensuring that the…

Family Trust as a Shareholder

There are numerous benefits to employing a Family Trust as a shareholder of your corporation. A Family Trust may hold shares of a private corporation and in so doing freeze or crystallize income tax liability, provide creditor proofing, income split with family members, and multiply access to the $800,000 lifetime capital gains exemption. To realize…

Family Trust vs. Holding Corporations – ConductLaw

We often discuss the use of a Family Trust instead of a Holding Corporation for our clients at ConductLaw. We are often asked by clients when they create a new company whether they should hold the shares of the new corporation directly or whether they should do so indirectly by using a Holding Corporation or…

ConductLaw Lawyers Move Downtown Ottawa Location

ConductLaw Professional Corporation has moved its downtown location from 340 Albert Street to 251 Laurier Avenue West. We are pleased to be able to serve you from one of our three locations in Ottawa, Bell’s Corners and our head office in Barrhaven. Our lawyers are proud to serve our client’s variety of legal needs. In…

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