The Definitive Tax-Planning Conference for Advisers to Owner-Managed Businesses

Online registrations are now closed. Please register onsite at the conference.
The registration desk will open at 7:15am on Monday morning and will remain open for the duration of the conference. Please check in at the registration desk, located in the Plaza ABC foyer of the hotel (655 Dixon Rd. Toronto) 
Monday, October 24, 2016
7:15 am -
8:15 am
Registration & Breakfast
8:15 am -
8:30 am 
Opening Remarks

Heather L. Evans
, Executive Director and Chief Executive Officer, Canadian Tax Foundation

Phil Friedlan, Friedlan Law, Richmond Hill 
8:30 am -
9:20 am
Current Issues 
A review of recent legislative and administrative developments in federal and provincial tax law, including a review of federal and provincial budgets for 2016.

Kay Leung, Wilson Vukelich LLP, Markham
Rahul Sharma, Miller Thomson LLP, Toronto

9:20 am -
10:20 am
Planning with the Small Business Deduction under the 2016 Budget

The recent federal budget has reduced or even eliminated opportunities to multiply access to federal and Ontario small business rates. Such changes will particularly affect Ontario professionals who are not doctors or dentists because their respective governing bodies currently impose restrictive ownership rules. This session will examine the assorted rules, both pre and post-budget, and identify which structures or opportunities survived the budget, including the possibility of structuring out of partnerships into joint ventures.

Jeanne Cheng, CPA, CA, Grant Thornton LLP, Markham  
Brett Crawford, CPA, CA, Grant Thornton LLP, Markham
10:20 am -
10:30 am
10:30 am -
10:50 am

Joan Jung, Minden Gross LLP, Toronto
10:50 am -
11:30 am
When Corporate Law Intersects with Tax Planning

Legislation other than the Income Tax Act must be considered when one is performing tax transactions. This session will provide a practical analysis of how corporate law affects tax planning and of different legal issues that practitioners should consider when implementing transactions — issues that are often overlooked. In addition, this session will provide some tips and traps that you should consider when implementing various tax transactions. Some questions to be addressed as part of this session will include:  What is considered payment for corporate law? What is corporate incest and what is permitted under the OBCA? When is the effective date of a transaction? When are shares considered to be issued?

Larry Nevsky, LL.B., CPA, CA, Dentons Canada LLP, Toronto

11:30 am -
12:15 pm
Record Retention in the Electronic Age — Practical Issues

David Chodikoff, Miller Thomson LLP, Toronto
Jay Goodis, CPA, CA, Tax Templates Inc., Vaughan

12:15 pm -
12:25 pm
12:25 pm -
2:15 pm

The Rising Generation of Clients:
Catch them if you can. And don’t lose them!

Guest Speaker:
Jeff Noble, CMC
Director & Practice Leader, Business Transition Services
BDO Canada LLP

Kevin Stienstra, CPA, CA, Grant Thornton LLP, Toronto
2:15 pm -
2:55 pm

Goodwill & Other Eligible Capital Property: Planning for the New Regime

As a result of the 2016 federal budget, effective January 1, 2017, goodwill and other eligible capital property will be treated for tax purposes as depreciable capital property and will be included in a new CCA class. Using practical examples, this session will review the new regime applicable to goodwill and other eligible capital property, the transitional rules that will shift the tax treatment from the current regime (in section 14 of the Income Tax Act) to the new regime, and the planning implications of the change to the new regime.

Rose Cross, CPA, CA, BDO Canada LLP, Toronto
Shaun Power, BDO Canada LLP, Burlington

2:55 pm -
3:35 pm

HST and Land Transfer Tax

Over the past few years, many changes have affected the indirect taxation of real estate transactions: 2010 saw the introduction of harmonized sales tax in Ontario, and 2016 saw material changes to the Ontario Land Transfer Tax Act. This session will outline hot topics and planning points for land transfer tax and the application of GST/HST in real estate transactions.

Brian Wurts
, Brian Wurts HST Consulting, Inc., Toronto

3:35 pm -
3:45 pm
3:45 pm -
4:05 pm

Peter Baek, CPA, CA, Ricketts Harris LLP, Toronto
4:05 pm - 
4:55 pm
Owner-Manager Remuneration Update

This session will provide an update on the integration of the ever-changing tax rates as they are applicable to individuals, corporations, and trusts in Ontario. The synthesis of these rates is then applied to the concept of integration in order to see how these tax rates can affect taxpayers’ decisions about how, and through which kind of vehicle, to earn income.  

Colin Chambers, CPA, CA, MNP LLP, Toronto

5:00 pm -
8:00 pm    

Networking Reception

Tuesday, October 25, 2016
7:30 am -
8:30 am
Registration & Breakfast
Brandon Wiener, Thorsteinssons LLP, Toronto
8:30 am -
9:20 am
Current Cases

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

Bruce Harris, FCPA, FCA, PricewaterhouseCoopers LLP, Toronto
David Stevens, Gowling WLG (Canada) LLP, Toronto

9:20 am -
10:10 am
Subsection 55(2): Practical Applications

Subsection 55(2) is an anti-avoidance rule intended to prevent capital gains surplus stripping.  Historically, the risk of s.55(2) applying to owner-managed private corporations was typically addressed by means of a related-person exception in s.55(3)(a). The proposals in Budget 2015 (now Bill C-15) broaden the scope of s.55(2) considerably; so much so that it is common to hear the question, “Are intercorporate dividends still tax-free?”  It will no longer be possible in the owner-managed private corporation context to simply rely on the related-person exception. This session will break down “new” s.55(2) into its component parts and then illustrate its application (or risk of application) by specific example.

Mark Brender, Osler, Hoskin & Harcourt LLP, Montréal

10:10 am -
10:20 am
10:20 am -
10:40 am

L. David Fox, Cummings Cooper Schusheim Berliner LLP, Toronto
10:40 am -
11:20 am
Is Safe Income Really Safe?

Safe income has increased in importance by being one of the only safe harbours from the punitive application of new subsection 55(2). Concepts that will be discussed are the difference between safe income and safe income on hand; the basic computation of safe income on hand; the allocation of safe income to various classes of shares; the circumstances in which safe income on hand is different from retained earnings; recent and relevant case law and CRA administrative policies on safe income on hand.

Alex Ghani, CPA, CA, CGA, CPA Solutions LLP, Mississauga
Manu Kakkar, CPA, CA, TEP, MTax, Manu Kakkar CPA Inc., Toronto
11:20 am -
12:00 pm
Corporate-Owned Life Insurance Planning & the 2016 Federal Budget

This session will focus on the various components of the capital dividend account and how they affect private corporations, and it will provide tips, suggestions, and traps that the practitioner should be aware of. Furthermore, the session will focus on changes to the corporate-owned life insurance policy rules that were presented in the 2016 federal budget and how they affect the capital dividend account.

James Kraft, CPA, CA, MTax, CFP, FEA, BMO Wealth Management, Toronto

12:00 pm - 
12:10 pm
12:10 pm -
1:10 pm

Michael C. Morgan, SimpsonWigle Law LLP, Hamilton
1:10 pm - 
1:50 pm
Things That Come to Life When You're Dying:
Taxation of Inter Vivos Trusts, GREs, and Testamentary Trusts – Where Are We Now?

What happens if your client dies in 2016?  What happens if your client dies in 2017 or later? The new rules require careful consideration, understanding, and planning for individuals and trusts.  This session will review where we are now with GREs, QDTs, estates, spousal, alter ego, and life interest trusts. Among other topics examined and discussed in light of these complex rules will be useful tips and traps for trustees, will drafting, and administration of estates.   

Pamela Cross, Borden Ladner Gervais LLP, Ottawa
Paul Taylor, Borden Ladner Gervais LLP, Ottawa 

1:50 pm -
2:30 pm
Multi-jurisdictional Estate Planning

The world is changing. People are becoming more mobile, and investments are frequently made outside Canada. This session will focus on the complex planning considerations, administration, and tax compliance of a Canadian estate when a beneficiary and/or the decedent's property is located outside Canada.

Louise Houle, TEP, DS Lawyers Canada LLP, Montréal
Margaret O'Sullivan, TEP, O'Sullivan Estate Lawyers Professional Corporation, Toronto

2:30 pm -
2:40 pm

2:40 pm -
3:00 pm

Moderator Martin Sorensen, Bennett Jones LLP, Toronto
3:00 pm -
3:50 pm

Selected Issues in Tax Administration relating to Assessing, Filings, and Appeals

This session will discuss items relating to the administrative side of tax practice.  For example, can an election or designation be amended only if it is specifically provided in the ITA?  When can a taxpayer request adjustment or amend a return outside the normal reassessment period?  When should a re-appropriation request be made?  How is interest computed in these circumstances?  

Daniel Rivet, CPA, CGA, PricewaterhouseCoopers LLP, Ottawa
Adrienne Woodyard, DLA Piper (Canada) LLP, Toronto

3:50 pm - 
4:40 pm
Voluntary Disclosures: Navigating a Program in Transition

The CRA recently reported that almost 20,000 disclosures were made under the federal Voluntary Disclosures Program (VDP) over the previous year, representing over $1.3 billion of previously unreported income.  The operation of the VDP is governed exclusively by CRA administrative practice and broad principles of administrative law.  In recent years, the administration of the VDP has been largely centralized in two Tax Services Offices, and the CRA’s approach to the management and processing of voluntary disclosures continues to evolve.  This session will provide a practical overview of the VDP, outline best practices in making voluntary disclosures, and identify practical traps to avoid when one is making voluntary disclosures.

Michael Friedman, McMillan LLP, Toronto

4:40 pm -
4:50 pm
4:50 pm Adjournment


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Fees & Registration

Online registrations are now closed. Please register onsite at the conference.

Individual Registration 



 $995.00  $1370.00*
 $795.00  $1170.00*
Young Practitioner
 $695.00  $895.00
 $195.00  $195.00
 $100.00  $100.00

Conference Materials:

Conference Binder
(Not included in registration fee)

 $75.00  $75.00
Electronic  $0.00  $0.00

Webcast Registration:

If you are interested in registering for the webcast, click here for the fee information and to register.

* Not a member yet? Register at the non-member rate and receive a full year of membership with your registration.

Important Notes

The Conference Binder is not included in the registration fee. Electronic option is the default option if an option is not selected during the registration process. If you would like to receive a Conference Binder, please select this option when registering; you will be charged an additional $75.00 to cover the cost of the binder.

Conference Materials (papers and PowerPoint presentations) will be posted on the CTF website and Conference App prior to the conference. Notifications will be sent out via email to all delegates when the material becomes available.

Sharing a single registration between two or more individuals is not permitted.

Substitution & Cancellation

If you are unable to attend the conference, registration may be transferred to one other individual. Please submit the name of the substituted delegate to conferences@ctf.ca up to three business days prior to the start of the conference. After that, the substitution will be accepted only at the conference site. Please note: if you transfer your registration to another person, additional charges may apply, depending on the transferee’s CTF membership status. Please contact the Conference Department for more information.

If substitution is not an option, written notice of cancellation will be accepted by the Conference Department until Monday, October 17, 2016. Individuals who cancel their registration prior to this deadline will receive a refund, less a $100 administration fee, at the conclusion of the conference. We regret that we cannot issue refunds for notices of cancellation received after this deadline.

Personal Information Consent

Information gathered during your registration to the conference will be used and disclosed by the Foundation for the purposes of administering the conference. In addition, a delegate list containing names, companies, email addresses, cities, and date of registration is produced, and is made available to sponsors, exhibitors, and others who may be involved with the Foundation who may wish to contact delegates regarding their activities. If you do not wish your name and contact information to be included in the delegate list and disclosed, please email us at conferences@ctf.ca immediately to opt out. For more information on our privacy practices, see our privacy policy.

Canada’s anti-spam law (CASL)

If you do not hold a membership with the Canadian Tax Foundation, we may be affected in our ability to send you future emails about tax information that is relevant to you. By providing your consent you will receive emails with notices of seminars and events at the Foundation, announcements, marketing or promotional emails and other commercial electronic communications concerning the Foundation. Please email us at ctfmembership@ctf.ca to provide us with your express consent.

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