Trophy property as a store of value
Does not transfer, and the evidence says do not want itPersson’s twelve years at nominal flat is the number to keep. If anything about this week is worth generalising to a private-company owner in Ontario, it is the contrast between that and the ordinary registered-account machinery — TFSA and RRSP room, and the lifetime capital gains exemption on qualifying small business corporation shares, which is the single largest tax-advantaged outcome available to someone in your position and which has purification conditions that have to be satisfied before a sale, not after.
This week: ask your accountant one question — “do my opco shares currently meet the QSBC asset tests, and if not, what would it take?” The answer is often a year-long fix, which is why it is a question for a quiet week.