From the Source with Frankie and Sarah

Why You May Need a Family Trust (Ep. 17)

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This episode of From the Source focuses on the usefulness of a family trust in your corporate structure.

Join Frankie and Sarah as they dive into the world of discretionary family trusts, highlighting their advantages and drawbacks within corporate structures. They discuss the key considerations for settling a trust as well as the ongoing management of a trust. Frankie and Sarah highlight the key benefits of a trust including how they are used to reduce your tax burden and they offer practical advice for incorporating trusts into your business. Tune in to understand how you can utilize trusts for optimal tax planning and financial management.

Frankie and Sarah discuss: 

  • What family trusts are, and how they function for a small business owner
  • The potential tax advantages and how they apply
  • The operational benefits of having a discretionary family trust integrated into your business structure
  • Strategic planning for creating and managing trusts amidst evolving business needs

    • Resources:

    • Understanding Corporate Structures for Business Owners (Ep. 16) 
    • Owner-Managed Businesses Part 4: The Canadian Capital Gains Tax Exemption (Ep. 5)

      • Connect with Frankie Loreto and Sarah Netley: 

      • Courtice.BakerTilly.ca
      • LinkedIn: Baker Tilly Canada
      • LinkedIn: Frankie Loreto
      • LinkedIn: Sarah Netley
      • Call: (905) 579-5659
        • ...more
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        From the Source with Frankie and SarahBy Frankie Loreto, Sarah Netley