Bill C-208 Update: Long-awaited Tax Relief for Family Businesses and Intergenerational Transfers

July 27, 2021

Many families hope to pass along their family owned and operated business to the next generation. Previous sections (55 and 84.1) of the Income Tax Act were applied to prevent tax-efficient transfers. Bill C-208 aims to change this. Our partners at McLennan Ross LLP provide insight as to what this means for family businesses and intergenerational transfers.

Click here to read their insights.

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MENTAL HEALTH INITIATIVES

We are proud to announce Merit’s Mental Health Strategy.

This program will keep mental health at the forefront for Merit members, their employees, and families.

We have made available to our members resources to assist in navigating mental health issues in the workplace and at home.