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EOT Tax Incentive Eligibility

Complete this 1-minute quiz to find out whether whether you are eligible for the $10M EOT Capital Gains Tax Incentive.

Takes 1 min
1.

Is your business a “professional corporation" under the Federal Income Tax Act?

The Income Tax Act defines Professional Corporations as accountants, dentists, lawyers, medical doctors, veterinarians, and chiropractors.

2.

Is more than 50% of your company's value coming from assets used for active business?

A “non-active asset” refers to things like real estate or stock investments, where you're not providing services to clients. If most of your business's value doesn't come from these passive assets, you should answer “yes.”

3.

Are 75% or more of the employees Canadian residents?

4.

Who owns your business?

5.

Have you or your spouse been active in the business for at least 2 years at any point in time?

6.

Are you over 18 years old?

You are likely eligible for the $10M EOT Capital Gains Tax Incentive.

Your business seems to meet the criteria required to take advantage of the $10M EOT Capital Gains Tax Incentive in Canada. Consult your business succession advisor, lawyer, or accountant for more information.

You may be eligible for the $10M EOT Capital Gains Tax Incentive.

Your responses suggest that your business may need to meet additional requirements to be eligible for the $10M Capital Gains Tax Incentive. To confirm your eligibility, consult your business succession advisor, lawyer, or accountant.

You are likely not eligible for the $10M EOT Capital Gains Tax Incentive

Based on your responses, your business likely does not meet the eligibility criteria for an EOT in Canada. For more information on other exit strategies or to discuss your options, you should consult your business succession advisor, lawyer, or accountant.

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