Odyssey provides business valuation services to large and small businesses across Canada. We are guided by the practice standards laid out by The Canadian Institute of Chartered Business Valuators. All our reports are held in accordance with their standards for ethics and reporting quality.
We explain valuation concepts in plain English. Charts, graphs and tables are used extensively to provide a comprehensive visual explanation of our work.
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Section 69 of the Income Tax Act requires valuations in certain non-arm's length transactions. It states that property being exchanged in non-arm's length transactions must be valued at their fair market value. Which is crucial for ensuring that transactions between related parties are priced appropriately for tax purposes.
Additionally, for estate and succession planning, valuation is critical in ensuring that you can determine the appropriate time and manner in which to sell your business.
Our advisors will perform and valuations for you to ensure that your property is valued appropriately so you can proceed with your transaction in accordance with the Income Tax Act.
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We offer guidance on the appropriate documentation required for corporate reorganization activities, such as shareholder buyouts. The proper filing of these forms is crucial for optimizing tax savings. Additionally, business valuations are typically necessary for effective tax planning.
We will work closely with you to ensure that the appropriate business valuations are performed to ensure full compliance with legal requirements.
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All guideline income calculations in our business valuations services are conducted in accordance with the Federal Child Support Guidelines of the Income Tax Act.
Guideline income is the baseline revenue used to determine payments during family separations and ongoing payments for family support. The income you receive from all sources is taken into account including investments and any businesses owned. An accurate appraisal of your guideline income requires a thorough assessment of your finances.
Our analysts will perform a thorough assessment of your situation and calculate a guideline income that is tailored to your scenario. We will work closely with your legal team to ensure the guideline income they receive will facilitate fair support payments.
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We provide business valuation services to legal professionals handling shareholder disputes. We will work with you to help determine what level of support is required.
We will provide a clear objective measure of the company finances, if required, and provide you with an Expert Report after performing a detailed financial analysis.
We will discuss our findings with you after the analysis is complete to assist you in the financial aspect of your legal proceedings.
If you are looking to sell your business and would like a comprehensive business sales service to guide you through the process, consider contacting our Associates at Part 2 Group
