Tax Planning Strategies in the Market Downturn: Estate Freezes, Income Splitting

June 04, 2020

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Tax Planning Strategies in the Market Downturn: Estate Freezes, Income Splitting Download PDF

Martin Sorensen, Marshall Haughey and Hennadiy Kutsenko write a three-part series in The Lawyer’s Daily on select tax planning strategies that make use of the market downturn or otherwise mitigate its impacts.

In the first part, they discuss estate freezes and income splitting, which are strategies that can capitalize on lower asset valuations and are particularly relevant for those wishing to engage in estate planning.

Part two in the series will consider various tax-efficient creditor proofing strategies that are worth considering due to the litigious environment of an economic downturn.

Part three will outline certain tax considerations relevant where businesses are in a tough economic climate, such as loss utilization and debt forgiveness.

This article was originally published by The Lawyer’s Daily (www.thelawyersdaily.ca), part of LexisNexis Canada Inc.

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