A discretionary family trust holding the growth shares can allocate a capital gain on an eventual sale among several beneficiaries, each potentially claiming their own LCGE. That is the closest Canadian analogue to economic interest sitting in a vehicle rather than in your name.

The limits are serious and usually understated: the tax on split income rules materially restrict allocations to family members not actively engaged in the business, and the 21-year deemed disposition rule imposes a date you have to plan around. A trust also costs money every year it exists. Below a certain asset level it is dead weight.