Partnerships are commonly used business vehicles/structures; however, the taxation of partnerships and their partners is quite different from that of corporations and their shareholders. Accountants who regularly advise business owners should be aware of how these taxation rules differ from their clients in corporate structures in order to advise clients with or considering partnership structures.

Learning Objectives
By the end of this course, participants should be able to:
• Describe tax concepts and rules applicable to partnerships 
• Analyze the computation of partnership income and partnership ACB 
• Identify potential planning opportunities or traps for members of partnerships

Content
Topics include:
• Creating legally effective partnerships 
• Tax treatment of income and losses 
• Calculation of ACB of partnership interests 
• Transferring property to partnerships 
• Dissolving partnerships 
• At-risk rules and their impact on income, losses and ACB 
• GST and partnerships 
 
Prerequisites – Knowledge, Experience or Courses
Participants should have a working knowledge of the income tax and GST rules applicable to individuals and corporations.

Applicable For
Accountants who prepare partnership returns or who advise clients that use partnerships.

Seminar Instructor: Alex Garber

What to Expect

• Two emails will be sent from CPA Manitoba following your registration: one to confirm your order and one including information on how to access the course through your Learning Hub. 
• Once sent, these emails can also be found in the Communication tab of your CPA Manitoba Member Portal.
• Course materials, links and credentials can be found in your Learning Hub no less than two business days prior to the seminar. 
• This is a Live Virtual seminar where class size has been limited to allow for an interactive learning environment. 
• This seminar will not be recorded. 
• Live webinars have varying levels of expected interaction, with many requiring webcam and microphone capabilities. If you have concerns about the interaction required for this course, please email [email protected]. 
  
  CPA Manitoba PD Terms and Conditions