CLE Online

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

Fiona Hunter — Horne Coupar LLP, Victoria

The New Federal Reporting Requirements (9:10 – 10:05)

• 2022 filing requirements for trusts
• reporting requirements for 'reportable transactions' and how they may affect your practice
• new federal law prohibiting non-residents from purchasing residential Canadian real estate

Kathleen A. Butler — Dwyer Tax Law, Victoria
Blair P. Dwyer — Dwyer Tax Law, Victoria

BREAK (10:05 – 10:15)

Navigating Trusteeship: Advising Trustees in Both Calm and Stormy Times (10:15 – 11:10)

• adding and replacing trustees
• protecting retiring trustees
• understanding and using statutory trustee powers
• amending administrative powers in existing trusts
• when to seek advice and direction from courts

Genevieve N. Taylor — Legacy Tax + Trust Lawyers, Vancouver

BREAK (11:10 – 11:20)

Settling Property (11:20 – 12:15)

• how to settle land on trustees
• understanding settlor's interest in private companies (type of shares, restrictions in articles or USA on transfers, shareholders loans)
• understand how change of trustees may trigger yearend
• drafting considerations

Paula Bosenberg — Horne Coupar LLP, Victoria
Caroline Deane — Horne Coupar LLP, Victoria

LUNCH (12:15 – 12:55)

Overriding Powers (12:55 – 1:50)

• what are they
  • powers of appointment
  • powers of advancement
  • powers of resettlement
• how and when to use

Alison Oxtoby — Fasken Martineau DuMoulin LLP, Vancouver

BREAK (1:50 – 2:00)

Avoiding the Riptides of Non-BC Trusts and Section 94 (2:00 – 2:55)

• dealing with trusts from other Canadian jurisdictions
• US revocable and irrevocable trusts
• general tax and planning considerations
• deemed resident trust provisions in ITA

Christine M. Muckle — Legacy Tax + Trusts Lawyers, Vancouver

BREAK (2:55 – 3:05)

Choosing Beneficiaries (3:05 – 3:55)

• key issues to consider when deciding who to include as beneficiaries
• provisions for adding and removing beneficiaries and who should have the power(s)
• drafting considerations

Dwight D. Dee — Miller Thomson LLP, Vancouver

Concluding Remarks (3:55 – 4:00)

Fiona Hunter — Horne Coupar LLP, Victoria