Like a tightrope walker demonstrating exquisite balance, income tax planning requires practitioners to help clients pay the lowest amount of tax while staying on the right side of the law and within the guidelines of the Income Tax Act (ITA). This practical in-depth seminar provides a comprehensive review of various anti-avoidance provisions designed to prevent or discourage aggressive tax planning through the presentation of factual scenarios that address objectives, statutory provisions, current case law, and risk analysis. The seminar will enable you to understand and identify various tax planning opportunities for your clients while navigating the application of various anti-avoidance provisions in the ITA.
Applicable for:
This seminar will advance the skills and knowledge of public practitioners specializing in Canadian tax planning and seeking to refine advanced tax and looking to enhance their tax, business succession and estate planning skills. This seminar will also benefit industry practitioners working for Canadian private corporations.
Prerequisites - Knowledge, Experience or Courses
A participant should have previously taken the following courses:
- Corporate Restructuring – Fundamentals; and
- Corporate Restructuring – Section 85 Transfer of Property
or have equivalent working knowledge of provisions governing related party transactions (such as 56(4.1), 69(1), 74.1 and 74.2) corporation reorganization provisions (sections 51, 85, 86 and 87) and section 84.1 (with respect to related party transactions).
Learning Objectives
By the end of this course, participants should be able to:
- Identify and analyze tax risks in a variety of tax and estate planning scenarios
- Identify tax planning opportunities for individuals, corporations, trusts and partnerships, particularly within the private enterprise sphere
- Identify relationships between individuals, corporations, trusts and partnerships and analyze how those relationships affect the tax implications of various transactions
- Compare the tax impact of various structures available to achieve a client’s business or estate planning objectives
Content
The topics in this seminar include:
- Managing tax avoidance risks, including the following:
- General anti-avoidance rule
- Arm’s length relationships
- Tax on Split Income
- Attribution provisions
- Stop-loss provisions
- Surplus stripping (Section 84.1) in factual non-arm’s length circumstances
- Subsection 55(2)
- Five categories of tax planning strategies:
- Restructuring asset profiles
- Sale of business
- Use of partnerships
- Use of trusts
- General tax planning for private corporations and their shareholders
- Interprovincial planning
Presented by PD Partner: CPA Pro
What to Expect
- An email will be sent from CPA Manitoba to the participant within two business days of registration. The email will include information on how to access the course along with the necessary login credentials.
- Once sent, the email will also be found in your Account Communication tab of the CPA Manitoba Member Portal.
- This course is designed for participants to view while following along with the course material provided.
- This self-study course allows the user to save their progress and return to continue later.
Registration is for this course is open until March 31, 2024 and should be completed by August 31, 2024, after this time, access to the course will no longer be available.
To receive a certificate, participants must complete a quiz at the end of the course. Unlimited quiz attempts are available until the passing grade of 70% or better is achieved. After this you will no longer have access to the quiz.
CPA Manitoba PD Terms and Conditions
CPA Manitoba PD Terms and Conditions