The value of corporate shares is automatically calculated as total corporate assets less total corporate liabilities. This area allows you to define Share Ownership and Cost Base.
Share Ownership: Enter the percentage of ownership in the Client’s name, Spouse/Partner will automatically update for the remaining balance.
Value: This field is automatically calculated based on the total value of all corporate assets (Investments & Securities, Real Estate, and Goodwill & Operations), less any remaining liabilities (Mortgage Amounts).
Cost base: Enter the Cost Base as it relates to the corporate shares ownership. The Cost Base is used to determine the cost of the shares for tax purposes. Increase the Cost Base to account for any Lifetime Capital Gains Exemption if the corporation is a qualifying small business corporation.
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