EVENT DESCRIPTION

This online seminar is module-based. There are no audio or video components at all. There are no check-in times or a set schedule. You are required to read through each module, and complete a short quiz at the end of each module. .

Formerly Titled: “Income Tax Planning Refresher for Corporate Tax”

This two-day refresher seminar in corporate tax is designed for those who desire to update and refresh their knowledge in both technical and tax planning issues for corporations. Although the corporation taxation for public and private corporations is reviewed, the primary focus is on the taxation of private companies. At the end of the two days, participants will have a good understanding of the tax provisions that impact corporations. The detailed reference materials covering a broad range of corporate income tax topics, will be an invaluable reference in the future.

LEARNING OBJECTIVES:

By the end of this course, participants will be able to identify changes to the corporate tax laws over the year and refresh their knowledge on a wide range of tax provisions impacting corporations that may have been forgotten over the years. A review of the organization of the Income Tax Act participants will help to provide more comfort in using the Act to research tax issues. Participants will work through case studies covering a wide range of corporate tax issues, collaborate with their peers and have an opportunity to share issues that have been impacting their clients.

TOPICS INCLUDE:

  • Organization of the Tax Act as it relates to corporations
  • Determination of residency
  • Review of various income items and deductions not commonly seen
  • Calculation of corporate taxes
  • Common definitions under the Income Tax Act that impact a corporate taxpayer including:
    • Related parties, affiliated parties, and associated corporations
  • Various sources of income including:
    • Active business income, investment income, specified investment business and personal service businesses
  • Commonly used corporate reorganization provisions:
    • The use of the Section 85 rollover, Section 86 capital reorganization, Section 87 amalgamation, and Section 88 wind-up
  • Section 84.1 and Section 55(2) anti-avoidance provisions
  • Corporate attribution
  • Loss utilization
  • Owner manager remuneration planning
  • Estate Planning
  • Issues for buy-sell agreements and purchase and sale of business
  • Acquisition of control
  • Debt forgiveness

WHO WILL BENEFIT:

Those involved in corporate tax matters for private corporations that desire to expand or refresh their knowledge of corporate tax.