Question
Part B - - 7 marks 13 minutes Weed Inc. is a Canadian-controlled private company, incorporated in 2005 by Mr. Al Ways Stoned. The authorized
Part B - - 7 marks 13 minutes Weed Inc. is a Canadian-controlled private company, incorporated in 2005 by Mr. Al Ways Stoned. The authorized capital consists of 100 common shares, with a tax cost base and legal stated capital of $1 each, and FMV of $1,000 for each share. Mr. Stoned has indicated to you that he would like to freeze the value of these shares and to have all the future appreciation in the value of Weed Inc. accrue to his daughter, Mary Jane. Required: In a point form format, present 5 methods that can be used to accomplish this freeze and briefly describe how each method is carried out and the income tax consequences of each method. Ignore any TOSI or attribution implications. (7 marks)
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