

- Jul 10, 2019
- 3 min
Business Valuations & the CRA
Countless times over the years, I have been told by some accountants and lawyers that they don’t bother with formal valuations when undertaking transactions such as estate freezes or corporate re-organizations. They either rely on a quick and dirty back of the napkin value estimate they do themselves or ask the client to estimate the value. Then they roll the dice – filing the documents and counting on a price adjustment clause should the CRA challenge their value at a futu