Estate Planning

As a result of the pandemic, interest in estate planning has increased.

In addition, statistics estimate an unprecedented number of Canadian business owners will be in a position to retire between now and 2025. Of those surveyed, 50% admit they are unprepared for succession in their companies. Change and uncertainty can erode business value. It’s critical to get the right advice well in advance of your business sale.

Stern Cohen has helped many clients successfully transition their businesses and we’d like to share our expertise with you. Our Partners and Tax Specialists will provide you with the guidance you need to accomplish your goals.

Your business is your life’s work – being proactive, getting the best advice available, and having a proven plan in place will ensure you maximize your wealth and achieve optimal results for you and your family.

For those who would like to sell their business or plan their retirement, our services include:

Business Transition:

  • Business valuations to identify the value of your business
  • Strategic planning and strategies to maximize value in your business
  • Tax compliance, tax efficiencies, tax planning
  • Asset protection techniques including trusts, estate freezes, and tax rollover elections
  • Consulting to ensure the correct steps to buy, sell or transition ownership of a business
  • Analysis of risk factors, and ways to mitigate risk factors
  • Compensation and shareholder agreements
  • Timing, costs and common issues that can arise during transition
  • Profit sharing plans & pensions for retiring and new owners

Retirement & Estate Planning:

  • Pension planning
  • Tax issues for snowbirds and those living in the US or outside of Canada (cross border)
  • Estate administration and freezes
  • Family trusts
  • Advice on selection of wealth manager and diversification of investments

You may also be interested in:

These days, financial services are about providing added value.

For us, the added value is our 50-year relationship with Stern Cohen and the firm’s expert knowledge of our business. They have provided us with planning and guidance related to management succession, as well as other services. Everyone I have dealt with at Stern Cohen has a style that is representative of the firm; they take the high road. They are thoughtful, professional and they think before they shoot.

Robert Dales Bacon Basketware Limited
Tax specialists Joe and Adam in front of boardroom

Need a Tax Specialist for Estate Planning?

Meet Joe and Adam

Joe Gervasi and Adam Morke are both Tax Partners at Stern Cohen. In addition to their CPA, CA designations, they are both designated Trust and Estate Specialists (TEP).

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