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I am an owner manager and own a CCPC situated in Ontario in Canada. I wish to transfer shares to other family members. Can I just issue the shares outright?

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Larry Stolberg, CPA, CA
No. You need to properly structure the authorized share capital of the CCPC and issue the shares in a manner not to confer benefits to you. Basically, you are looking at an estate freeze to accomplish your objective. You also need to consider a shareholders agreement and modifications to your Will. Ensure you have dual Wills to eliminate probate on your CCPC shares.
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