Desharnais & Associés

Le future de la famille Grégoire Présenté par Daniel Aubry Alexandra Bisson Anastasia Savvidis Desharnais & Associés

Mandat Achat de Portes et Fenêtres McShane (PFM) Planification fiscale future Optimiser les lois de l’impôts et les flux monétaire Minimiser l’impact fiscale

Agenda Achat de PFMStructure corporativePlanification fiscale JessyFiscalité d’entreprise

Achat PFM Desharnais & Associés

Facts to Consider High ValueLack of Funds Financing Involvement Mr. McShane

Current Value Assets$15,393,615 Liabilities$2,416,842 Fair market value (FMV)$12,976,773

Current Value Assets$15,393,615 Liabilities$2,416,842 Fair market value (FMV)$12,976, % value of shares $ 11,678,096

Options Purchase of Shares LoanBuying AssetsEstate Freeze

Options Purchase of Shares Lack funds Flexibility Simple LoanBuying AssetsEstate Freeze

Options Purchase of Shares Lack funds Flexibility Simple Loan Interest payment Collateral Buying AssetsEstate Freeze

Options Purchase of Shares Lack funds Flexibility Simple Loan Interest payment Collateral Buying Assets High value Cooperation Estate Freeze

Options Purchase of Shares Lack funds Flexibility Simple Loan Interest payment Collateral Buying Assets High value Cooperation Estate Freeze Expensive Complex Cooperation

Options Purchase of Shares Lack funds Flexibility Simple Loan Interest payment Collateral Buying Assets High value Cooperation Estate Freeze Expensive Complex Cooperation

Estate Freeze Funds from Catalina CDA and GRIP: $4,750,000 Partner Dany Moore Personal funds $230,000 Remortgage Investments at loss

Estate Freeze Funds from Catalina CDA and GRIP: $4,750,000 Partner Dany Moore Personal funds $230,000 Remortgage Investments at loss

Estate Freeze Guarantee current value Holds in preferred shares Redemption plan Lower buy-in cost Elected value

Gel Successorale PFM $12,976,773 M.McS Cat. A Échange des actions de catégorie A pour des actions privilégiées

Gel Successorale PFM $12,976,773 M.McS Échange des actions de catégorie A pour des actions privilégiées Gestion Jesse 90% Actions Catégorie B 10% Actions Catégorie B 100% Actions Privilégiées

Lifetime Capital Gains Exemption May have LCGE Approximately $200,000

Qualified Small Business Corporation 90% of FMV assets generate active business income in Canada 50% of FMV assets generate active business income in Canada for prior 2 years

Qualified Small Business Corporation Non active assets:Cash $543, 789 Investments $1,843,132 Total $ 2,386,921 Total Assets:$15, 393,615 Divide NAA by Total Assets = 15%

Qualified Small Business Corporation Non active assets:Cash $543, 789 Investments $1,843,132 Total $ 2,386,921 Total Assets:$15, 393,615 Divide NAA by Total Assets = 15% NOT QSBC

Purification Take advantage of LCGE, through crystallization Sell investments Take dividends or payoff liabilities Take advantage of CDA

Corporate Structure Desharnais & Associés

Structure PFM Gestion Jessy JG Tax deferral Limited legal liability

Potential Structure PFM Gestion Jessy Beneficiaries: Family Jessy Corporate beneficiary Trust

Potential Structure Income splitting LCGE multiplier Limited liabilty Children’s education High legal and accounting fees

Planification Fiscale Jessy Desharnais & Associés

Portfolio Investments Carry forward 20 years Carry back 3 years Net against capital gains

Family RESP Government contributions Taxed in the hand of children Trust Taxed to trust Taxed to kids

Compensation Salary RRSP CPP EI Dividends Lower Tax Needs to be shareholder Nick

Future Considerations Tax bracket increase 4% Decelleration of expenses RRSP, charitable donations, loss carry forward

Fiscalité d’Entreprise Desharnais & Associés

Frais de représentation Total $42,887 Déduction à 50% des repas Besoin d’information sur les dates

Repas d’entreprise Limite de 6 événements Par année Pour le fiscale

Frais de Scolarité Peuvent être déductible si les cours sont en lien avec l’entreprise Bénéfice imposable pour employés

SUV de la compagnie Déduction maximal $30,000 incluant DPA Bénéfice imposable pour employé

Mandat Achat de Portes et Fenêtres McShane (PFM) Planification fiscale future Optimiser les lois de l’impôts et les flux monétaire Minimiser l’impact fiscale

Conclusion Achat de PFMStructure corporativePlanification fiscale JessyFiscalité d’entreprise

Desharnais & Associés