Breakfast

Sponsored by
KPMG LLP

Moderator: Larry Chapman, FCA, Canadian Tax Foundation

Current Issues

A review of recent legislative and administrative developments in federal and provincial tax law, including significant changes arising from the expected Technical Bill.

Gabriel Baron CA, Ernst & Young LLP, Toronto
Stefanie Morand, McCarthy Tétrault LLP, Toronto

Current Cases

A review of recent decisions from the Tax Court, the Federal Court of Appeal, and the Supreme Court that affect owner-managed businesses and private companies.

Refreshment break

Sponsored by
Minden Gross LLP

Moderator: Marco Dolfi, Miller, Canfield, Paddock & Stone

Cross-Border Potpourri Issues for Small and Mid-Sized Businesses (Canada-US Treaty Update)

This session will discuss the following:

• Deemed permanent establishment services provisions in Article V, paras. 9 and 10
• Basic review of Article XXIX-A - Limitations on Benefits
• LLC-ULC structures
• Financing of Canadian operations
• Investing into the United States

James Hutchinson, Miller Thomson LLP, Toronto
Giancarlo Di Maio, CA, PricewaterhouseCoopers LLP, Windsor

Tax Principles of Family Law

This session wil focus on the intersection of Ontario's Family Law Act with the Income Tax Act, highlighting the income tax implications of separation and divorce.

Some of the topics to be discussed will include:

• Definition of "spouse" for income tax and family law purposes
• Transfers of property (e.g. principal residence, RRSPs, securities, rental properties)
• Income attribution
• Rollovers available to separated spouses
• Tax aspects of child and spousal support
• Deductibility of legal and accounting fees
  
  Llana Nakonechny, Dickson MacGregor Appell LLP, Toronto
  Andrew Freedman, CA, Duff & Phelps, Toronto

Lunch

Luncheon Speaker:

Kim G.C. Moody CA, TEP
Moodys LLP Tax Advisors, Calgary

Sponsored by
Thorsteinssons LLP

Moderator: Mark Jadd, Heenan Blaikie LLP

Practical Considerations of Claiming an ABIL and the Capital Gains Exemption

ABIL  - When do you have one and how do you maximize it?

• Traps and arrangements to avoid
• Capital gains exemption  - Tips and structures to maximize it
• Traps to avoid
• Pros and cons of crystallization

Manu Kakkar, CA, Manu Kakkar CA Inc, London
Nancy Yan, CA, Cadesky and Associates LLP, Toronto

Incentive Compensation for Small and Medium-Sized Private Companies

This session will review and analyze some of the compensation alternatives available to small and medium-sized private companies, including:

• Three-year bonus deferrals
• DSUs for longer-term incentives
• Employee profit-sharing plans
• Appreciation rights
• Stock grants and options
• Permitting key employees to render services through a business trust
• Retirement compensation arrangements for key employees
• Group RRSPs

Paul Carenza, Cassels Brock & Blackwell LLP, Toronto

Moderator: Timothy Fitzsimmons, Fraser Milner Casgrain LLP

Indirect Taxes - Overview of Issues Relating to Commonly Encountered Indirect Taxes 

This session will examine sales tax, customs and excise issues encountered by small and medium-sized businesses.

Jaime Seidner, Fraser Milner Casgrain LLP, Toronto    
Maurizio Ulgiati, Deloitte & Touche LLP, Mississauga 

Estate Planning – Tips and Traps

This paper will not attempt to look at the topic of estate planning from a global perspective, but will instead focus on the following three issues:

• The taxation of RRSPs and RRIFs at the time of death when left to a surviving spouse or common-law partner
• The transfer of locked-in accounts at the time of death
• The taxation of segregated funds at the time of death

Christine Van Cauwenberghe, Investors Group, Winnipeg

Evening Reception

Sponsored by
Fraser Milner Casgrain LLP