Sebastien Desmarais

Total 55 Posts

Sébastien Desmarais is a Tax and Estate Planner at TD Wealth, Wealth Advisory Services.

Dust Off The Shareholders’ Agreement

• • 0 Comments

It is common to suggest shareholders enter into a shareholders’ agreement, where each shareholder assumes certain rights and obligations relating to the business of the corporation. The shareholders’ agreement typically includes provisions dealing with the management of the business and future transfers of shares upon death or other circumstances. Unfortunately, once the shareholders’ agreement is signed, it is often filed in the corporate minute book and never reviewed by the signatories. There….

Dust Off The Shareholders’ Agreement Continue Reading »

Business Succession Planning, Contracts, Estate Planning, Succession Planning

Succession of the Family Business – Don’t Overlook Governance

• • 0 Comments

Successful entrepreneurs often view the family business as the crown jewel to their legacy for the next generation(s). As such, succession planning for the family business and preserving the family’s wealth is always a top priority and often encompasses tax and estate planning. Implementing a succession plan that will ensure the continuation of the family business while preserving the family’s wealth can be challenging for professional advisors who are assisting….

Succession of the Family Business – Don’t Overlook Governance Continue Reading »

Business Succession Planning, Estate Planning, Family Conflict

Gifting Farmland, an Estate Strategy?

• • 0 Comments

Gifting property to the next generation is an estate strategy at its simplest form. For farming families, farm succession planning can often be complex considering the difficulties associated with “equalizing” a farmer’s estate between their children in circumstances where a child is actively involved in the farming business while the other is not. An equalization option that is sometimes considered by the farmer is to sever the farmland with the….

Gifting Farmland, an Estate Strategy? Continue Reading »

Farm, Property, Real Estate, Succession Planning, Tax Issues

Dual Citizens, U.S. and Tax

• • 0 Comments

Dual U.S.-Canadian citizens residing in Canada may want to pay particular attention to the Exclusive Citizenship Act of 2025 (the “Act”); a proposed bill establishing that “citizens of the United States shall owe sole and exclusive allegiance to the United States […]”.[1] Under the proposed bill, dual citizens have one (1) year from the date of the enactment of the Act to submit a written renunciation of their foreign (e.g…..

Dual Citizens, U.S. and Tax Continue Reading »

Canadian and US Tax Treaty, Tax Issues, U.S. Citizen, United States, US Taxes

Love, Marriage and U.S. Tax…

• • 0 Comments

Love knows no boundaries and neither do the U.S. tax rules. Marrying a U.S. citizen will result in U.S. tax implications for the couple that should not be ignored. This article will review a few U.S. tax considerations for married couples (that include a U.S. citizen). Proper Tax Filing Contrary to Canada, the U.S. tax filing requires an individual taxpayer to file their tax return as “single” or “married filing….

Love, Marriage and U.S. Tax… Continue Reading »

Succession Planning, Tax Issues, U.S. Citizen, US Taxes

Corporate Documentation – Key to Executor

• • 0 Comments

As part of a good estate plan for a business owner, it is important to ensure the business documentation is current and easily accessible to the executor. Keeping up-to-date documentation will minimize the risk of an oversight by the executor or a mistake resulting from obsolete documentation. What documents should be kept current? Here is a non-exhaustive list: Corporate minute book – it is important for the corporate minute book….

Corporate Documentation – Key to Executor Continue Reading »

Uncategorized
Scroll to Top