CLE Online

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

Kate S. Marples — KPMG Law LLP, Vancouver
Ingrid M. Tsui — Alexander Holburn Beaudin + Lang LLP, Vancouver

Fundamentals of Tax in Estate Planning (9:10 – 9:50)

• gifts of cash and appreciated property
• deemed dispositions at death
• transfers into and out of joint tenancy between spouses
• spousal rollovers
• principal residence

Martina Zanetti — Norton Rose Fulbright Canada LLP, Vancouver

BREAK (9:50 – 10:05)

Fundamentals of Taxation of Trusts Generally (10:05 – 10:45)

• inter vivos trusts and testamentary trusts
• transfers of property to a trust
• allocation and distribution of income and capital to beneficiaries
• general attribution principles
  • transfers to a spouse or minor child, or to trusts for the benefit of a spouse or minor child
  • s. 75(2) trusts
• the 21-year deemed disposition rule

Kate S. Marples — KPMG Law LLP, Vancouver

BREAK (10:45 – 11:00)

Transparency Registers and BC Real Property Taxes in an Estate Planning Context (11:00 – 11:45)

• LOTA transparency register
• corporate transparency register 
• GST/HST and distributions from estate
• speculation and vacancy tax
• empty homes tax
• property transfer tax/foreign buyers tax

Zheting Su — Thorsteinssons LLP, Vancouver

LUNCH (11:45 – 12:25)

Probate Planning (12:25 – 1:10)

• life interest trusts (such as alter ego and joint partner trusts)
  • benefits/drawbacks
  • transferring property to such trusts
  • taxation on death
• multiple wills
• land title considerations

Alexander Demner — Thorsteinssons LLP, Vancouver

BREAK (1:10 – 1:25)

The Case of the Complex Children (1:25 – 2:10)

• trusts for disabled beneficiaries, both inter vivos and testamentary
• drafting for vulnerable beneficiaries 
• US citizen beneficiaries
• non-resident beneficiaries generally

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

BREAK (2:10 – 2:20)

Planning for Unique Family Circumstances (2:20 – 3:00)

• spousal separation: planning and tax issues
• inheritance and claims by a former spouse: treatment under family law and planning around this
• common planning tools for blended families and exposure to claims under family law

Ingrid M. Tsui — Alexander Holburn Beaudin + Lang LLP, Vancouver
Amanda N. Winters — Farris LLP, Vancouver

BREAK (3:00 – 3:15)

The Executor (3:15 – 3:55)

• residency of an estate
• qualifying as a graduated rate estate
• tax returns from date of death onward
• carry back of losses
• distribution to resident and non-resident beneficiaries
• liability of executor

Rose Shawlee — Harper Grey LLP, Vancouver

Closing Remarks (3:55 – 4:00)

Kate S. Marples — KPMG Law LLP, Vancouver
Ingrid M. Tsui — Alexander Holburn Beaudin + Lang LLP, Vancouver