Events

2018 ST. JOHN'S TAX SEMINAR


SHERATON HOTEL NEWFOUNDLAND (SALON A & B) | 115 CAVENDISH SQUARE, ST. JOHN'S, NEWFOUNDLAND


Advance registrations are now closed for this event. Please contact Conferences@ctf.ca for any inquiries.
The registration desk will open at 7:30am on Friday morning and will remain open for the duration of the conference. Please check in at the registration desk, located in the foyer of Salon A & B in the hotel.

Friday, September 28, 2018
7:30 am -
8:20 am
Registration & Breakfast
8:20 am -
8:30 am 
Opening Remarks

Wayne Adams, Director of Membership & Community Relations, Canadian Tax Foundation
 
Moderator: Allison Whelan, Stewart McKelvey, St. John’s
8:30 am -
9:15 am
CRA Update

This session includes a discussion of global developments in tax administration, as well as recent initiatives at the CRA. With this context, the session will also cover future compliance directions and priorities for the CRA. Topics include: new information sources for the CRA, changes to the Voluntary Disclosures Program, and disputes.

Speaker:
Ted Gallivan, Assistant Commissioner, Canada Revenue Agency, Ottawa 

9:15 am -
9:25 am 
Questions 
9:25 am -
9:55 am
Recent Court Decisions

A review of recent decisions that affect owner-managed businesses and private companies.

Brian K. Awad, McInnes Cooper, Halifax

9:55 am -
10:00 am
Questions
10:00 am -
10:20 am

Moderator: Colin P. Sullivan, CPA, Sullivan Law & Tax, St. John’s
10:20 am -
10:50 am
Tax on Split Income

This session will include a review of the new rules, identify the process to confirm what income is subject to TOSI and what is not, provide some planning tips, and identify areas of continuing uncertainty.  

Mike Trahey, CPA, CA, BDO Canada LLP, St. John's
 
10:50 am -
11:20 am

Passive Income Legislation Changes

The tax legislation around passive investments held inside a private corporation has changed significantly over the past year. It is important for private companies and their advisors to consider the new legislation when planning for the 2018 year-end and years going forward. This session will provide a high level review of the following topics: 

  •  Changes to the tax legislation; 
  • Timing and transition of the new rules;
  • Types of corporations that do not need to worry; and
  • Potential impacts and ways to mitigate.  


Allison Walsh
, CPA, CA, BDO Canada LLP, St. John's 
Jillian Walsh, CPA, CA, BDO Canada LLP, St. John's

 

11:20 am - 
11:50 am

Owner-Manager Remuneration - Why, Who, How of IPP’s & RCA’s

  • WHY — recent federal changes for business & passive income, all costs paid & tax deductible
  • WHO — business owners with T4 income above $150k, past service, significant passive income, ideal candidate 50+ years of age 
  • HOW — T4 income from 1991 onward, including past service allows past service buyback, terminal funding, recent changes in NL legislation allow more flexibility on wind up
 
Kevin J. Dunphy, CLU, CFP, Dunphy Molloy & Associates, St. John's
David Harding
, iA Financial Group, Halifax

11:50 am -
12:00 pm
Questions 
12:00 pm -
1:30 pm
Luncheon  

Keynote Speaker

  Dorothy Keating
Immediate Past Chair, St. John's Board of Trade 
 

2017 Private Corporation Tax Changes "Did Democracy Work?"

Moderator: Chris Humby, CPA, CA, CMA, KPMG LLP, St. John’s
1:30 pm -
2:10 pm

It’s 2018: Is there a Place for Trusts?

It’s 2018:  Is there a Place for Trusts? The taxation of trusts and income earned and distributed by a trust has changed significantly over the past number of years.  One might reasonably ask … Is there a place for trusts in today’s tax plan?  This session will review the tax and non-tax reasons for having a trust as part of a plan.  It will also review issues advisors should keep in mind in dealing with existing trusts including GRE’s, non-resident beneficiaries, principal residences, allocation of income and proof of payment and the 21-year rule.  

Cathie Brayley, Miller Thomson LLP, Vancouver

2:10 pm -
2:50 pm

Business Succession

This session will provide a tool box of process solutions for the development of Business Succession Plans and identify the taxation hazards and multiple complexities which need to be addressed by the professional. It will focus on financing strategies to provide liquidity to the entrepreneur through effective planning for the business and the estate.

Vaughn Hoskins, CPA, CA, Freedom 55 Financial, St. John's
John F. Morgan
, CPA, CA, John F. Morgan, CPA, CA, St. John's

2:50 pm -
3:00 pm
Questions
 
3:00 pm -
3:20 pm

Moderator: Peter D. Collens, FCPA, FCA, CFP, Peter D. Collens, Chartered Professional Accountant, Mount Pearl
3:20 pm - 
3:50 pm
 
Purchase and Sale of a Business:  Safe Income – How safe is it?

Utilizing safe income is a common and effective technique in planning for the sale of a business. This session will examine recent changes to ss.55(2), related practical issues, as well as potential unintended consequences that can arise when accessing safe income due to the definition of “safe income determination time".

Steve Landau, FCPA, FCA, EY LLP, Toronto
Troy Stanley, CPA, CA, EY LLP, St. John’s

3:50 pm -
4:20 pm
Current Issues: Legislative and Administrative Developments

Legislative and administrative developments, including technical interpretations and Folio updates issued by CRA in 2018.

Adam Denny, CPA, CA, Grant Thornton LLP, St. John's

4:20 pm - 
4:40 pm 
US Tax Changes

A brief review of Trump's tax changes, with a focus on filing forms, elections and remittances as well as other compliance issues for Canadian corporations including potential exposure to substantial penalties.

Janice Connors, KPMG LLP, St. John's 
4:40 pm - 
4:50 pm 
Questions
4:50 pm -
6:30 pm    

Networking Reception
 

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10/17/2018 2:47:56 PM