Online Seminar

Income Tax - Consequences to Avoid

FEB 02 - Feb 09, 2023

Online

DATE

FEB 02 - FEB 09

2023

TIME

1:00 PM - 5:00 PM

WHO CAN ATTEND

All

PD HOURS

7 Hours

ETHICS HOURS

0 Hours

STATUS

Registration closed on

Jan 30, 2023

EVENT DESCRIPTION

New Year seminar sale! Receive 30% off our top seminars


NOTE: This course description has been revised to include updates to the course material for 2022. If you have any questions, please contact pdevents@cpaontario.ca

SCHEDULE

  • Feb 2, 2023 @ 1:00pm - 5:00pm
  • Feb 9, 2023 @ 1:00pm - 5:00pm
  • In the world of tax, even straightforward and seemingly benign situations can trigger unintended adverse income tax repercussions. This seminar will equip participants with the skills to identify, prevent, and manage such outcomes.

    Negative consequences represent an unfortunate part of life. While many professionals can proactively anticipate results, some consequences occur unexpectedly. In the world of tax, even straightforward and seemingly benign situations can trigger adverse income tax repercussions. Accordingly, this seminar will equip participants with the skills to identify, prevent, and manage such outcomes.

    In order to deliver the seminar in a realistic manner, the session introduces topics by starting with common transactions or events before presenting the unfortunate tax result. Subsequently, the seminar explains the income tax rules and reasons behind the negative result ensuing from each particular situation. Participants receive suggestions to manage and mitigate such a problem as well as tips for recognizing relevant precursors and triggers. Finally, the seminar provides participants with notes that elaborate on detailed background information for each situation.

    Learning Objectives

    Participants enrolled in the seminar will gain the ability to

    • Identify triggering conditions of income tax rules which might apply in common transactions.
    • Recognize the significance of the applicable income tax rules.
    • Assess the degree of exposure to adverse consequences; and evaluate the potential impact.
    • Strategize to prevent, manage or mitigate unintended income tax outcomes.

    Seminar Content

    This seminar will incorporate several topics, including

    • Investments in a corporation
    • Intercorporate dividends and exposure to taxation as a capital gain
    • Individuals selling shares to non-arm’s length corporations
    • Family income splitting
    • Select obstacles to claiming the small business deduction
    • Stop-loss rules
    • Scenarios involving unfortunate income tax results

    Who Will Benefit

    Although most tax practitioners will benefit from this seminar, the session particularly targets CPAs—not specialized in tax—who work in an environment with income tax consequences.

    Prerequisite Knowledge

    Participants enrolled in this seminar should possess a working knowledge of general corporate and personal income tax.

    PRICING

    $325.00 Personal Passport

    $380.00 Organization Passport

    $479.00 Member

    $479.00 Student

    $589.00 Public

    Status: Registration closed on Jan 30, 2023

    LOCATION

    Online

    SPEAKER(S) BIO

    Alex Garber, CPA, CA, MTax has been in public practice since 2004, focusing primarily on income taxation for Canadian owner-managed businesses and their shareholders. Alex also teaches at York University, at the CPA Canada In-Depth Tax Course and the CPA Professional Education Program (CPA PEP). Alex is currently working at Fuller Landau LLP in Toronto.

    SPECIAL INSTRUCTIONS

    This course is a live webinar. You must attend the live course to receive verifiable CPD hours. We recommend you join five minutes prior to the scheduled starting time. To get the full experience of this interactive course, use a computer that has video and microphone capabilities.

    Electronic material can be accessed one week prior to the course at https://pdlms.cpaontario.ca/ and should be downloaded in advance.

    Registration, cancellation, withdrawal and all other CPA Ontario PD Seminar policies can be found here.