CLE Online

Welcome and Introduction

David Christian — Thorsteinssons LLP, Vancouver

Corporate Taxation Overview: Incorporation

• nature of coporate taxation
• taxation of different sources of income
• corporate tax deferrals
• theory of integration
• anti-avoidance rules

David Christian — Thorsteinssons LLP, Vancouver

I. Problems in Incorporation

A. Contractors and Personal services

• personal services business (PSB): what is it?
• tax consequences of carrying on a PSB
• tips to avoid PSB status

Donald W. Smetheram — Smetheram & Company Law Corporation, Vancouver

B. Rollovers and Share Structures

• considerations for share structures
• overview of rollovers
• tips and traps

Annie Chen — Richards Buell Sutton LLP, Vancouver

Networking Break

C. Distributions

• salary 
• dividends
• loans
• return of capital 

Kim M. Ho — Thorsteinssons LLP, Vancouver

D. Purchases and Sales of Assets and Shares

• key tax issues in a sale of assets
• key tax issues in a sale of shares
• capital gains exemption issues
• tax clauses in acquisition agreements
• dealing with restrictive covenants

Leonard Glass — Lawson Lundell LLP, Vancouver

E. Divisive Reorganizations—Purifications, Splits, and Spins

• purification advantages and steps
• related party divisive reorganizations
• "butterfly" reorganizations
• s. 55 of the Income Tax Act

David R. Baxter — Thorsteinssons LLP, Vancouver

Lunch (on your own)

II. US Tax for Canadian Practitioners

• when to consider US tax issues
• US citizens and residents
• classification of entities
• businesses with US connections
• US tax compliance
• renunciation of US citizenship

David G. Roberts — Attorney, San Francisco

Networking Break

III. Roundtable Forum: Common Practice Issues

David Christian — Thorsteinssons LLP, Vancouver
Frank W. Quo Vadis — Koffman Kalef LLP, Vancouver
Nicholas P. Smith — Legacy Tax + Trust Lawyers, Vancouver
Ted M. Sutcliffe — Thorsteinssons LLP, Vancouver

Closing Remarks

David Christian — Thorsteinssons LLP, Vancouver