What is Transferable Value?
Transferable value is the portion of enterprise value that would survive if the owner stepped away, the share of what the business […]
What is Transferability?
Transferability is the degree to which a business can operate, perform, and retain its value after ownership changes, independently of the person […]
What is the Three Legs of the Stool?
The Three Legs of the Stool is the Exit Planning Institute’s framework for a successful exit, representing business readiness, financial readiness, and […]
What is Transition Planning?
Transition planning is the operational roadmap for handing over leadership, relationships, and institutional knowledge from the departing owner to whoever comes next, […]
What is the difference between a Term Loan and Revolving Credit?
A term loan advances a fixed amount repaid on a set schedule; revolving credit provides a limit that can be drawn, repaid, […]
What is Tax Planning?
Tax planning is the proactive structuring of business and personal affairs to minimize tax owed within the law, the difference between paying […]
What is Tax on Split Income (TOSI)?
TOSI is a set of rules that applies the highest personal marginal tax rate to certain income received by family members from […]
What is Tax Deferral?
Tax deferral is the strategy of delaying when tax becomes payable, allowing money to remain in a corporation or a tax-sheltered structure […]
What is a T2 Corporate Tax Return?
The T2 is the annual corporate income tax return that Canadian corporations must generally file with the CRA, regardless of whether the […]
What is Trust Accounting?
Trust accounting is the strict segregation and tracking of client funds held in trust, a legal and regulatory requirement for lawyers, real […]