Tax Issues for Commercial Practitioners 2021


Course Date: October 13, 2021

Full Course Materials
Total: 5h 27min
Total Ethics: 1h 6min
Course Agenda ▼

Welcome and Land Acknowledgement (9:00 – 9:10)

Ian Humphries — Thorsteinssons LLP, Vancouver

Private Company Tax Planning Update (9:10 – 10:10)

  • intergenerational transfers of business
  • M&A trends and topics

Asif N. Abdulla — Thorsteinssons LLP, Vancouver

BREAK (10:10 – 10:20)

GST, PST, and Property Tax Transfer Tax Update (10:20 – 11:10)

  • extended registration rules for non-resident and marketplace facilitators/platform operators (GST and PST)
  • other changes in legislation and jurisprudence, including update on holding company rules and GST treatment of cryptocurrency (GST)
  • current audit issues (GST, PST, and property transfer tax)

Terry G. Barnett — Thorsteinssons LLP, Vancouver
Zheting Su — Thorsteinssons LLP, Vancouver

BREAK (11:10 – 11:25)

Domestic Trust Update (11:25 – 12:25)

  • review of key concepts
  • use of discretionary trusts in estate planning
  • reporting update
  • tips and traps

Kate Marples — KPMG Law LLP, Vancouver

LUNCH BREAK (12:25 – 1:25)

2021 Federal Budget and New Stock Option Rules (1:25 – 1:50)

  • good news
  • business opportunities
  • restructuring opportunities
  • building up the CRA arsenal
  • new stock option rules

Danielle Lewchuk — Borden Ladner Gervais LLP, Vancouver

US Tax Update for the Canadian Practitioner (1:50 – 2:50)

  • identifying US taxpayers and the consequences of US tax status on owning Canadian corporations
  • the basics of US federal tax for Canadian businesses expanding to the US
  • an overview of US state income and sales tax rules

Charmaine Ko — Polaris Tax Counsel, Vancouver
Max Reed — Polaris Tax Counsel, Vancouver

BREAK (2:50 – 3:05)

Criminal Risks in Tax Matters and Associated Ethical Issues (3:05 – 3:55)

  • the CRA's powers to investigate criminal tax evasion
  • how an audit can lead to a criminal investigation and prosecution
  • protecting advisor and client interests in high-risk situations

Greg P. DelBigio, QC — Thorsteinssons LLP, Vancouver
Jennifer Flood — Thorsteinssons LLP, Vancouver

Closing Questions and Comments (3:55 – 4:00)

Ian Humphries — Thorsteinssons LLP, Vancouver