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Intergenerational Transfers (Bill C-208) (Recorded September 22, 2023)

Intergenerational Transfers (Bill C-208) (Recorded September 22, 2023)


** Note that this session was recorded on September 22, 2023 and the material has not been updated to take into account the Federal budget changes to Capital Gains inclusion rates and related impacts such as AMT **

Bill C-208 amends the Income Tax Act to provide tax relief to those who wish to transfer (sell) shares of their farm, fishing or small business to their adult children or grandchildren. It allows for the intergenerational transfer of shares to be treated the same as the sale of those shares to an arm’s length (unrelated) corporation.

The 2023 Federal Budget introduced amendments to the Bill C-208 legislation designed to tighten the scope of the rules. More criteria were added to require a more comprehensive transfer of ownership from a parent to an adult child. However, those amendments do not come into effect until January 1, 2024. As such, there remains a potential opportunity to rely on the original form of Bill C-208 to transfer the applicable types of shares to an adult child, provided the transfer occurs by December 31, 2023.

In this session we will cover:
  • Review of Bill C-208 and amendments from federal budget
  • Identification of clients and situations were there is benefit from initiating a transfer
  • Considerations for doing transfers pre and post January 1, 2024


Upon purchase, the course material and session recording will be available to you through your account.  This can be accessed from our website under ‘My Account’. Once you complete the session and the quiz a CPD certificate will be available for download.