Tax Issues for Commercial Practitioners 2025
Course Date: May 28, 2025
Total: 5h 22min
Total Ethics: 43min
Tax Issues for Commercial Practitioners 2025
Course Date: May 28, 2025
Total: 5h 22min
Total Ethics: 43min
Course Introduction and Land Acknowledgement (9:00 – 9:10)
Genevieve Chang — Program Lawyer, CLEBC, Vancouver
Ian Humphries — Thorsteinssons LLP, Vancouver
Ian Humphries — Thorsteinssons LLP, Vancouver
Refresher: Taxation of Private Corporations and their Shareholders (9:10 – 10:10)
- overview of common methods of carrying on a business in Canada
- incorporation: advantages and considerations
- overview of rates and small business deduction
- individual shareholders receiving dividends from private corporations
- intercorporate dividends and structuring considerations
Priscila Padilla — KPMG Law LLP, Vancouver
Private Company Tax Planning Update (10:10 – 11:05)
- changes to Lifetime Capital Gains Exemption
- Canadian Entrepreneurs' Incentive
- income splitting and TOSI
- intergenerational transfers of business
Parveen B. Karsan — Singleton Urquhart Reynolds Vogel LLP, Vancouver
BREAK (11:05 – 11:20)
M&A Tax 101—Anatomy of a Purchase Agreement (11:20 – 12:10)
- definitions and allocations
- representations and warranties
- covenants
- indemnities
- post-closing matters
- select considerations: restrictive covenants, earnouts
Asif N. Abdulla — Thorsteinssons LLP, Vancouver
LUNCH (12:10 – 1:10)
Taxation on Death and Primer on Post-mortem Planning (1:10 – 2:00)
- deemed disposition on death
- common techniques
- life interest trusts
Kate S. Marples — Legacy Tax + Trust Lawyers, Vancouver
BREAK (2:00 – 2:15)
Tax Controversy 101 (2:15 – 3:05)
- audits
- reassessments and objections
- limitations periods
Josh Schmidt — Schmidt & Gilmour Tax Law LLP, Vancouver
Primer on Criminal Tax Matters and Professional Ethics (3:05 – 3:55)
- difference between legitimate tax planning and criminal tax evasion
- potential risks and consequences for advisors and clients
- key professional ethics rules for advisors
Jennifer Flood — Thorsteinssons LLP, Vancouver
Closing Questions and Comments (3:55 – 4:00)
Ian Humphries — Thorsteinssons LLP, Vancouver
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Slides: Taxation of Corporations and their Shareholders
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