Palais des congrès de Montréal
1001 Jean Paul Riopelle Pl
DECEMBER 1-3, 2019

              The Annual Tax Conference is a three-day event comprised of workshops, plenary sessions, a pick of concurrent streams, and social events. 
 » View Day 1 Sessions
(Sunday)
» View Day 2 Sessions
(Monday)
» View Day 3 Sessions
(Tuesday)
» Conférences en Français
(Lundi)
 

DAY 1: SUNDAY, DECEMBER 1, 2019

 8:00 AM - 9:00 AM

Location:
Hall A (level 5)
Registration Desk for Workshops Opens

Main conference registrations will begin at 12:00pm
9:00 AM - 12:00 PM
Sunday Morning Workshops

Extracurricular workshops offered on Sunday morning require an additional registration fee. They are not included in the conference registration. Click on the link above and book early! Attendance is limited.
12:00 PM - 1:00 PM
REGISTRATION AND LUNCH

Location:
Hall 517A (level 5)
 1:00 PM - 1:45 PM
Annual General Meeting »

Opening Remarks & Welcome Address
SUNDAY AFTERNOON PLENARY SESSIONS

Location:
Hall 517D (level 5)

 1:45 PM - 3:00 PM

Location: Hall 517D (level 5)
Do Tax Policies that Contribute to Competitiveness Also Create Inequality? »
3:00 PM - 3:30 PM
REFRESHMENT BREAK

Location: Hall 517BC (level 5)
 3:30 PM - 5:00 PM

Location: Hall 517D (level 5)
Recent Developments - The Current State of Play »
5:00 PM - 7:00 PM
OPENING DAY NETWORKING RECEPTION

Location: Le Westin Montreal | 270 Saint-Antoine St W | 11th floor, Montréal

Hosted by: Dentons Canada LLP
 

DAY 2: MONDAY, DECEMBER 2, 2019

7:00 AM - 8:00 AM 
BREAKFAST

Location: Hall 517BC (level 5)
CONCURRENT SESSIONS
(Click on each session to expand its description)
CANADIAN TAXATION
Hall 517D (level 5)
INTERNATIONAL TAXATION
Room 524
TAX POLICY, PRACTICE & CONTROVERSY
Room 520

CONFÉRENCES
PRÉSENTÉES EN FRANÇAIS
Salle 519
 8:00 AM - 9:00 AM
  9h30 - 12h00
Inter-generational Transfers of Business/ Surplus Stripping »
Implementation of the Principal Purpose Test as part of the Multilateral Instrument — Canadian & Foreign Perspectives »
Judges Panel »
ATELIER I:
[Salle 522BC]

Impôt sur le revenu fractionné (IRF) »





ATELIER II:
[Salle 522A]

Transfert intergénérationnel d’une entreprise, déduction pour gains en capital »





Veuillez noter que les ateliers sont des séances simultanés; Veuillez sélectionner l'atelier auquel vous participerez.

Vous devez sélectionner qu’un seul atelier.
Le nombre de places est limité.

 9:00 AM - 10:00 AM
Selected Issues in Transactions Involving Debt »
Tax Implications and Policy Responses to the Digital Economy, and the Digitization of the Economy »
Evolving Environment for the Tax Function »
 10:00 AM - 10:10 AM
QUESTIONS
 10:10 AM - 10:40 AM 
REFRESHMENT BREAK

Location: Hall A (level 5)
10:40 AM - 11:20 AM
New Taxation Rules for Private Corporations: So far, so reasonable? »
Financing US Operations in the New Tax Regimes »
Transparency & Disclosure »
 11:20 AM - 12:00 PM
Purpose »
Managing Transfer Pricing Risk (and Preventing Controversy) »
Tax Certainty; A Reasonable Expectation or Oxymoron? »
12:00 PM - 12:15 PM
QUESTIONS
12:15 PM - 2:00 PM
LUNCHEON
Location:
Hall 517BC (level 5)

GUEST SPEAKER:
Chantal Hébert, National Affairs Columnist for the Toronto Star

presenting on
The Shifting Canadian Political Landscape: A Look at Post-Election Scenarios


Hosted by: Thomson Reuters and McCarthy Tétrault LLP

2:00 PM - 2:40 PM
Income Tax Issues Pertaining to the Video-gaming, Artificial Intelligence and Special Effects Industries »
Federal and Provincial Tax Considerations Relating to Non-Resident Investment in Canadian Real Estate »
Technology and the Tax Advisor of the Future »
Options d’achat d’actions et survol des autres régimes incitatifs pour les employés de sociétés privées »
2:40 PM - 3:20 PM
Social Enterprise, Social Finance, Hybrid Corporations and B Corporations »
A Comprehensive Review of Captive Insurance Companies »
Carbon Taxation »
De la vérification à l’avis d’opposition – pratiques exemplaires »
3:20 PM - 3:30 PM
QUESTIONS
3:30 PM - 4:00 PM
REFRESHMENT BREAK 

Location: Hall 517A (level 5)
4:00 PM - 4:40 PM
Transaction Costs »
Impact of US Tax Reform: Two years out »
Part I of II – Information Demands on Audit and at Discovery – Taxpayer Rights and Obligations »
Le point sur le paragraphe 55(2) et le revenu protégé »
4:40 PM - 5:20 PM
GST/HST for Income Tax Practitioners – Pitfalls and Traps to Avoid »
Foreign Affiliate Update »
Part II of II – Accessing Government Information on Audit and at Discovery – Government Rights and Obligations »


Table ronde de Revenu Québec »

5:20 PM - 5:30 PM
QUESTIONS
 5:30 PM
ADJOURNMENT
17h40
AJOURNEMENT
5:30 PM - 7:30 PM
MONDAY EVENING NETWORKING RECEPTION

Location: Centre CDP Capital - Le Parquet | 1000 Place Jean-Paul-Riopelle

Hosted by: Osler, Hoskin & Harcourt LLP
9:00 PM - 12:00 AM
NIGHTCAP RECEPTION
Location: The Agora (Lobby Level) - Fairmont The Queen Elizabeth | 900 René-Lévesque Blvd W.

Hosted by: Bennett Jones LLP
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DAY 3: TUESDAY, DECEMBER 3, 2019

7:00 AM - 8:00 AM 
BREAKFAST

Location: Hall 517BC (level 5)
CONCURRENT SESSIONS
(Click on each session to expand its description)
CANADIAN TAXATION
Hall 517D (level 5)
INTERNATIONAL TAXATION
Room 524
TAX POLICY, PRACTICE & CONTROVERSY
Room 520
 8:00 AM - 9:00 AM
Non-Discretionary Inter Vivos Trust - The Good, the Bad and the Ugly »
International Tax Issues That Get in the Way of Business: Part II »
Academic Panel »
 9:00 AM - 10:00 AM
Section 55: The Never-Ending Story »
Investments by Canadians in Private Equity Funds - Primary and Secondary Transactions »
All About Settlements »
 10:00 AM - 10:10 AM
QUESTIONS
 10:10 AM - 10:30 AM 
REFRESHMENT BREAK

Location: Hall 517A (level 5)
10:30 AM - 10:40 AM
Lifetime Contribution Award Ceremony »
TUESDAY PLENARY SESSIONS

Location: Hall 517D (level 5)
10:40 AM - 11:00 AM
Judicial Update from the Tax Court of Canada »
11:00 AM - 11:15 AM
Department of Finance Update »
11:15 AM - 11:45 PM
CRA Update »
11:45 PM - 1:00 PM
CRA Roundtable Discussion »
1:00 PM
ADJOURNMENT

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FULL PROGRAM DETAILS 

PLENARY SESSIONS

 SUNDAY, DECEMBER 1, 2019

12:00 PM - 1:00 PM | REGISTRATION AND LUNCH
1:00 PM - 1:45 PM
Annual General Meeting

Welcome Address
Heather L. Evans,
Executive Director and CEO, Canadian Tax Foundation

Opening Remarks
Mark Brender,
Osler, Hoskin & Harcourt LLP, Montreal, Chair, Canadian Tax Foundation
1:45 PM - 3:00 PM
Do Tax Policies that Contribute to Competitiveness Also Create Inequality?

Panel Moderator:
Dr. Jack Mintz, School of Public Policy, University of Calgary and EY Canada.

Speakers:
Luc Vallée,
Chief Operating Officer and Chief Economist, Montreal Economic Institute
William Watson,
McGill University/National Post
Armine Yalnizyan,
Atkinson Fellow on the Future of Workers

3:00 PM - 3:30 PM  |  REFRESHMENT BREAK
3:30 PM - 5:00 PM
Moderator: Heather Evans, Canadian Tax Foundation, Toronto
Recent Developments - The Current State of Play

Speakers:
François Champoux,
Deloitte LLP, Montreal
Carrie Smit,
Goodmans LLP, Toronto
Sue Wooles,
BMO Financial Group, Toronto

5:00 PM - 7:00 PM | OPENING DAY NETWORKING RECEPTION
 TUESDAY, DECEMBER 3, 2019
10:30 AM - 10:40 AM
Lifetime Contribution Award Ceremony
Moderator: Alycia Calvert, FCPA, FCA, EY LLP, Toronto
10:40 AM - 11:00 AM
Judicial Update from the Tax Court of Canada 

Speaker:
The Honourable Eugene P. Rossiter,
Chief Justice, Tax Court of Canada, Ottawa
11:00 AM - 11:15 AM
Department of Finance Update

Speaker:
Ted Cook, Director General, Tax Legislation Division, Department of Finance, Ottawa

11:15 AM - 11:45 AM
CRA Update

Speaker: 
Bob Hamilton,
Canada Revenue Agency, Ottawa

11:45 AM - 1:00 PM
CRA Round Table Discussion

Panel Moderators: 
Marie-Josée Michaud,
KPMG Law LLP, Montreal
Barbara Worndl,
Aird & Berlis LLP, Toronto

Speakers: 
Stéphane Charette, Director, Financial Industries and Trusts Division, Income Tax Rulings Directorate, Canada Revenue Agency, Ottawa
Stéphane Prud’Homme,
Director, Income Tax Rulings Directorate, Canada Revenue Agency, Ottawa

1:00 PM  |  ADJOURNMENT

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CANADIAN TAXATION STREAM
 MONDAY, DECEMBER 2, 2019
7:00 AM - 8:00 AM | BREAKFAST
Moderator: Bruce Harris, FCPA, FCA, PwC Canada, Toronto
8:00 AM - 9:00 AM
Inter-generational Transfers of Business/ Surplus Stripping

On July 18, 2017 the Department of Finance proposed amendments to section 84.1 to address what it viewed to be the inappropriate conversion of surplus into capital gains.  Although subsequently withdrawn, it is clear that the Department of Finance continues to be concerned. This session provides an advanced analysis of these issues in the context of the transfers of shares of a small business corporation to an adult child’s corporation.  In addition to discussing the practical issues arising on a transfer of a business, the session will address policy considerations and approaches used in Quebec and the U.S.

Panel Moderator:
Bruce Harris, FCPA, FCA,
PwC Canada, Toronto

Speakers:
Ken Griffin, CPA, CA,
PwC Canada, Toronto
Joan Jung, TEP,
Minden Gross LLP, Toronto

9:00 AM - 10:00 AM
Selected Issues in Transactions Involving Debt

The tax consequences of debt reorganization transactions can be highly significant but are in many respects uncertain and not well canvassed in the tax literature, particularly outside of the distressed debt context. This presentation would deal with certain issues relevant to Canadian resident and non-resident creditors and debtors relating to debt exchanges, debt assignments and other debt reorganization transactions. The presentation would also include recommendations for statutory amendments to clarify the income tax consequences of debt reorganization transactions where appropriate.

Speakers:
Byron S. Beswick, CPA, CA,
Felesky Flynn LLP, Calgary
Jim Samuel, FCPA, FCGA,
KPMG LLP, Calgary

10:00 AM - 10:10 AM  |  QUESTIONS
10:10 AM - 10:40 AM  |  REFRESHMENT BREAK
Moderator: Catherine (Cathie) Brayley, Miller Thomson LLP, Vancouver
10:40 AM - 11:20 AM
New Taxation Rules for Private Corporations: So far, so reasonable? 

A deeper look one year into the new Tax on Split Income (TOSI) rules with a focus on the compliance strategy incorporating how the CRA will administer the TOSI regime.

Speakers:
Justin Mastrangelo, CPA, CA,
BDO Canada LLP, Burlington
David Stevens,
Gowling WLG (Canada) LLP, Toronto
Paul Wilson,
Canada Revenue Agency, Ottawa

11:20 AM - 12:00 PM
Purpose

The concept of “purpose” is pervasive in the income tax context. Various provisions refer to a taxpayer’s purpose, and there are several degrees of purpose, such as the main or principal purpose, one or none of the main purposes (or reasons), one (or any) of the purposes, and so on.
The purpose (or main purpose or one of the main purposes) of this session is (or may reasonably be considered to be) to explore and try to usefully categorize the various types and degrees of purpose, and any relevant distinctions between them, and between purposes and other considerations, as well as more practical concerns such as how to prove or establish that a particular purpose is present or absent (having regard to all the circumstances). 

Speaker:
Angelo Nikolakakis,
EY Law LLP, Montreal

12:00 PM - 12:15 PM  |  QUESTIONS
12:15 PM - 2:00 PM  |  LUNCHEON
Moderator: Marlene Cepparo, FCPA, FCA, KPMG LLP, Toronto
2:00 PM - 2:40 PM
Income Tax Issues Pertaining to the Video-gaming, Artificial Intelligence and Special Effects Industries

A panel comprised of tax specialists and business people will provide an overview of the business, financing and tax considerations that relate to the video-gaming, artificial intelligence and special effects industries. After setting out some of the factors that must be considered when dealing with these industries, the panel will outline issues arising out of the original formation of the structure in Canada for both Canadian-owned entities and subsidiaries of foreign enterprises. The availability of tax-related incentives, including traps and pitfalls and issues relating to financing both sourced in Canada and from foreign jurisdictions will also be addressed. The session will conclude with the typical tax challenges on the sale of the Canadian start-up, including access to the lifetime capital gains exemption; structuring the purchase price; and, employee participation.

Speakers:
Yara Bossé-Viola, CPA, CA,
KPMG LLP, Montreal
Andrew Etcovitch,
Miller Thomson LLP, Montreal

2:40 PM - 3:20 PM
Social Enterprise, Social Finance, Hybrid Corporations and B Corporations

“Social Finance”, “Social Enterprise”, “Hybrid Corporations” and “B-Corporations” are terms that are coming up more and more. Some clients are interested in how they can be used as part of their tax plan. Others are looking at how they can be used to make a social impact.  This session will provide an overview on how the social sector and the private sector are merging these concepts and suggest tax planning strategies that can assist your clients who are looking to have impact in addition to maximizing returns. It will also describe social finance vehicles that attract investing from non-traditional sources into this space.

Speakers: 
Adam Jagelewski,
MaRS Centre for Impact Investing, Toronto
Susan Manwaring,
Miller Thomson LLP, Toronto
Troy McEachren, TEP,
Miller Thomson LLP, Montreal

3:20 PM - 3:30 PM  |  QUESTIONS
3:30 PM - 4:00 PM  |  REFRESHMENT BREAK
Moderator: Anu Nijhawan, Bennett Jones LLP, Calgary
4:00 PM - 4:40 PM 
Transaction Costs

An in-depth review of the general principles and statutory provisions covering costs incurred for takeovers, acquisitions, divestitures, mergers, reorganizations, etc. This presentation will include a recap of the extensive case law both in support of the taxpayer and CRA as well as a discussion of the Rio Tinto Case.  Finally, this session will offer a practical framework with examples for determining deductibility post Rio Tinto

Speaker:
Derek G. Chiasson, Norton Rose Fulbright Canada LLP, Montreal
Darren Hueppelsheuser, Norton Rose Fulbright Canada LLP, Calgary

4:40 PM - 5:20 PM
GST/HST for Income Tax Practitioners – Pitfalls and Traps to Avoid

This session will cover GST/HST/QST issues commonly seen in corporate transactions. Since GST/HST/QST is a transaction tax and can apply to each level of supply, ignoring GST/HST/QST considerations in any transaction can give rise to unexpected and costly consequences that could otherwise be avoided.

Speakers: 
Andrew Azmudeh,
Deloitte LLP, Calgary
Janice Roper, FCPA, FCA,
Deloitte LLP, Vancouver

5:20 PM - 5:30 PM  |  QUESTIONS
5:30 PM  |  ADJOURNMENT
 TUESDAY, DECEMBER 3, 2019
7:00 AM - 8:00 AM | BREAKFAST
Moderator: Ryan Rabinovitch, Fasken, Montreal
8:00 AM - 9:00 AM
Non-Discretionary Inter Vivos Trust  - The Good, the Bad and the Ugly

A selection of issues with the alter ego trust, joint partner trust, self-benefit trust. This session will include a discussion of the following: the interaction with graduated estate rules; is a trust funded with the property of the alter ego trust under the individual’s death a testamentary trust; effect on charitable giving; principal residence.

Speakers: 
Maureen Berry,
Fasken, Toronto
Pamela Cross,
Borden Ladner Gervais LLP, Ottawa

 9:00 AM - 10:00 AM
Section 55: The Never-Ending Story

This session will focus on the latest interpretative and technical issues affecting section 55. Specifically, this presentation will consider important contextual issues, including how subsection 55(2) interacts with Part IV tax. It will also review practical issues related to the safe income. Examples will be included to help illustrate the practical implications of the latest CRA interpretations including unanswered questions related to GAAR and divisive reorganizations for related parties. The interaction of subsection 55(2) and rules relating to the cost of property received as a dividend will be reviewed.

Speakers:
Mark Brender,
Osler, Hoskin & Harcourt LLP, Montreal
Rick McLean, CPA, CA,
KPMG LLP, Toronto

10:00 AM - 10:10 AM  |  QUESTIONS
10:10 AM - 10:30 AM  |  REFRESHMENT BREAK
10:30 AM - 1:00 PM  |  PLENARY SESSIONS »
1:00 PM  |  ADJOURNMENT

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INTERNATIONAL TAXATION
 MONDAY, DECEMBER 2, 2019
7:00 AM - 8:00 AM | BREAKFAST
Moderator: Ken Buttenham, PwC Canada, Toronto
8:00 AM - 9:00 AM
Implementation of the Principal Purpose Test as part of the Multilateral Instrument — Canadian & Foreign Perspectives

This presentation will address the various interpretative issues arising from the implementation of the Principal Purpose Test as part of the Multilateral Instrument. The format of our presentation will be to provide a Canadian and foreign jurisdiction overview of the issues while obtaining the perspectives of both Finance and CRA to better understand the policy choices made by Canada and CRA’s likely interpretation of the issues raised.

Speakers:
Jonathan Schwarz,
Temple Tax Chambers, UK    
Stephanie Smith,
Senior Director, Tax Treaties, Tax Legislation Division, Tax Policy Branch, Department of Finance
Penelope Woolford, FCPA, FCA,
KPMG LLP, Toronto

9:00 AM - 10:00 AM
Tax Implications and Policy Responses to the Digital Economy, and the Digitization of the Economy

A review of the global thinking and policy options emerging in response to the digital economy. This session will consider what digital means to residency and permanent establishment and where and how changes in value creation will influence taxation options and administration. The session will also provide a broad review of the trends and emerging responses in Canada and internationally.

Speakers:
Sophie Chatel,
OECD, France
Allison Christians,
McGill University, Montreal    
Robert Stack,
Deloitte LLP, Washington, DC   

10:00 AM - 10:10 AM  |  QUESTIONS
10:10 AM - 10:40 AM  |  REFRESHMENT BREAK
Moderator: Joseph (Hovsep) Takhmizdjian, Borden Ladner Gervais LLP, Montreal
10:40 AM - 11:20 AM
Financing US Operations in the New Tax Regimes

This session will provide a high-level overview of new cross-border financing structure alternatives for financing US operations on a tax-efficient basis.
Various common US financing structures have been impacted by US tax reform, as well as changes in the EU taxation regime, influenced by certain countries implementing anti-hybrid rules resulting from the BEPS initiative of the OECD. As a result, common US financing structures, such as Towers, REPOs and MRPS are no longer effective. This session will review alternative structures that can be considered for financing into the US.

Speakers:
Lee Holt,
EY LLP, New York
Linda Tang, CPA, CA, 
EY LLP, Toronto
 
11:20 AM - 12:00 PM

Managing Transfer Pricing Risk (and Preventing Controversy)

With the increasingly integrated nature of the global economy and rapidly changing rules, including the imminence of changes to the arm’s length principle, transfer pricing remains the most significant tax risk for both MNEs and tax administrations. This presentation will focus on certain tools available to both taxpayers and the CRA, to manage transfer pricing risk and prevent controversy, including:

  • Advance Pricing Arrangements (APA), including best practices and possible areas for improvements to the APA Program
  • The International Compliance Assurance Program (ICAP)
  • Risk management in respect of Exchanges of Information
  • Managing risk on audit, including interviews and requests for information
  • Dealing with downward transfer pricing adjustments
  • Use of administrative policies by tax administrations to identify and manage transfer pricing risks, including the CRA and recent developments at the Australian Taxation Office

Speakers:
Alexandra MacLean,
Canada Revenue Agency, Ottawa
Sébastien Rheault,
Barsalou Lawson Rheault, Montreal

12:00 PM - 12:15 PM  |  QUESTIONS
12:15 PM - 2:00 PM  |  LUNCHEON
Moderator: Douglas Wright, Cox & Palmer, St. John's
2:00 PM - 2:40 PM
Federal and Provincial Tax Considerations Relating to Non-Resident Investment in Canadian Real Estate

This session will provide an overview of various aspects of non-resident investment in Canadian real estate, including:

  • Commonly used structures to invest in rental properties, hotels and assisted living facilities;
  • Issues associated with 216 structures;
  • Taxable Canadian Property, withholding tax and treaty issues associated with non-resident investments in Canadian real estate;
  • Differences between the federal Income Tax Act and the Quebec Tax Act that make certain commonly used structures inefficient in Quebec; and
  • Land transfer tax considerations including the recent amendments to the Quebec Land Transfer Tax.

Speakers:
Michel Ranger, McMillan LLP, Montreal
Rhonda Rudick,
Davies Ward Phillips & Vineberg LLP, Montreal

2:40 PM - 3:20 PM
A Comprehensive Review of Captive Insurance Companies

This session will consist of:

  • an overview of selected domestic and foreign insurance regulatory regimes,
  • a matrix or summary of strengths and weakness of various jurisdictions in which to conduct insurance or reinsurance activities, and
  • a detailed discussion of the anticipated Canadian and jurisdiction specific tax consequences.

Speaker:
H. Michael Dolson,
Felesky Flynn LLP, Edmonton

3:20 PM - 3:30 PM  |  QUESTIONS
3:30 PM - 4:00 PM  |  REFRESHMENT BREAK
Moderator: Kay Gray, FCPA, FCGA, Grant Thornton LLP, Vancouver
4:00 PM - 4:40 PM
Impact of US Tax Reform: Two years out

US Tax Reform was introduced on December 22, 2017. Certain proposed and final regulations have followed, with additional regulations and other authority still forthcoming. This session will consider the most significant impact that US tax reform has had on Canadian inbound and outbound investments from both a federal and state and local income tax perspective.

Specifically, it will consider the application of the Base Erosion and Anti-Abuse Tax (BEAT) and the US anti-hybrid limitations, including how it has impacted Canadian companies’ repatriation of funds from their US subsidiaries. Furthermore, the session will explore how the Global Intangible Low-Taxed Income (GILTI) regime has applied and whether the Foreign-Derived Intangible Income (FDII) deduction has applied to provide an incentive to companies to promote US export activity. 

The session will also consider some of the administrative costs and documentation that companies have had to face in complying with the new tax reform legislation.

Speakers:
Debra Baker, PwC Canada, Toronto
Nadia Manin,
PwC Canada, Toronto

 4:40 PM - 5:20 PM
Foreign Affiliate Update

This session will provide a review of legislative and selected administrative developments affecting the taxation of foreign affiliates over the last four years. Legislative developments include amendments to section 212.1 affecting the sale of shares by a non-resident, the upstream loan rules, the foreign affiliate dumping rules, the introduction of revised foreign divisive reorganization rules, the expansion of FAPI rules to cover certain insurance and tracking arrangements (including the recent comfort letter issued to IFIC in connection with the use of “umbrella corporations” in the investment funds context), and the shortening of the reporting period for foreign affiliate information returns. The administrative developments include the issuance of several technical interpretations and advance tax rulings covering foreign affiliate reorganizations, the computation of surplus, active business income deeming rules, application of stop-loss rules, upstream loan rules, and dividends through partnerships and the issuance of comfort letters under paragraph 95(2)(b) in the asset management services context.

The session may also provide perspectives on tax practice in the foreign affiliate context having regard to the complexity of the Canadian tax rules, evolving business models and foreign tax planning practices, the impact of selected developments in other jurisdictions, and experiences with tax authorities.

Speakers: 
Tim Barrett, Thorsteinssons LLP, Toronto
Andrew Morreale,
Baker McKenzie, Toronto

5:20 PM - 5:30 PM  |  QUESTIONS
5:30 PM  |  ADJOURNMENT
 TUESDAY, DECEMBER 3, 2019
7:00 AM - 8:00 AM | BREAKFAST
Moderator: John Leopardi, Blake, Cassels & Graydon LLP, Montreal
8:00 AM - 9:00 AM

International Tax Issues That Get in the Way of Business: Part II

This session will include a discussion of the following:

  • Foreign affiliate dumping rules
  • Complexity of Surplus rules
  • Excluded Property
  • Back-to-back rules
  • Regulation 105


Speakers: 
Pierre Bourgeois, CPA, CA,
Raymond Chabot Grant Thornton LLP, Montreal
Raj Juneja,
McCarthy Tétrault LLP, Toronto

9:00 AM - 10:00 AM
Investments by Canadians in Private Equity Funds - Primary and Secondary Transactions

There are a host of Canadian and foreign tax matters that must be addressed in structuring initial (“primary”) investments in private equity funds and secondary transactions. This session will provide an in-depth analysis of the tax issues that arise in investing in private equity funds, particularly in relation to structures commonly deployed by US players, and methods to address them. A detailed review will be undertaken covering all aspects of due diligence, structuring and post-transaction issues and the difference between primary and secondary investments will be addressed.

Speakers:
Derek Chan,
VP, Tax, Northleaf Capital Partners, Toronto
Nigel Johnston,
McCarthy Tétrault LLP, Toronto

10:00 AM - 10:10 AM  |  QUESTIONS
10:10 AM - 10:30 AM  |  REFRESHMENT BREAK
10:30 AM - 1:00 PM  |  PLENARY SESSIONS »
1:00 PM  |  ADJOURNMENT

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TAX POLICY, PRACTICE & CONTROVERSY
 MONDAY, DECEMBER 2, 2019
7:00 AM - 8:00 AM | BREAKFAST
8:00 AM - 9:00 AM
Moderator: Olivier Fournier, Deloitte Legal Canada LLP, Montreal
Judges Panel

This session will cover topical issues in Canadian tax litigation that are relevant to all tax practitioners, including remedies under administrative law when tax disputes are being considered.

Speakers:
The Hon. Justice Steven K. D’Arcy,
Tax Court of Canada, Ottawa
The Hon. Justice Ronald MacPhee,
Tax Court of Canada, Ottawa
Marie-France Camiré,
Department of Justice, Montreal
Olivier Fournier,
Deloitte Legal Canada LLP, Montreal

9:00 AM - 10:00 AM
Moderator: Douglas J. Powrie, VP, Tax, Teck Resources Ltd., Vancouver
Evolving Environment for the Tax Function

Times have changed in tax planning for large corporations.  This session will explore that theme from a taxpayer perspective.   How does one view tax planning today, as compared to ten years ago?  How is tax risk managed in today’s environment?  What is the right approach to the balancing of shareholder and other stakeholder interests?  How does one communicate tax planning risk to the Board of Directors?  To what extent is the paying of a “fair share” of corporate taxes part of corporate social responsibility?  How does one know how much is a “fair share”?  To what extent is reputational risk a consideration?  Are Corporate Tax Policies or Tax Strategy Statements or Tax Codes of Conduct useful tools?  Should they be disclosed to the public?  What is the right approach to the disclosure of total contributions including payment of taxes and other payments to government?  What are the implications of being assessed for what the tax authorities perceive to be tax avoidance (including financial statement issues, reputational issues, impacts on share price and other shareholder concerns)? 

Panel Moderator:
Douglas J. Powrie,
VP, Tax, Teck Resources Ltd., Vancouver

Speakers:
Brian Mustard, CPA, CA, 
SVP, Taxation, BCE Inc., Montreal
Jean-François Ratté,
VP, Head of Taxation, PSP Investments, Montreal
Nathalie Rodier,
Managing Director, Taxes, Air Canada, Montreal

10:00 AM - 10:10 AM  |  QUESTIONS
10:10 AM - 10:40 AM  |  REFRESHMENT BREAK
Moderator: Joel Scheuerman, Deloitte Legal Canada LLP, Calgary
10:40 AM - 11:20 AM
Transparency & Disclosure

Within Canada and globally, there is a pronounced trend to greater transparency and disclosure of tax and financial-related matters to combat tax avoidance and evasion.  Perhaps the most prominent international example is country-by-country reporting under the BEPS project. Within Canada, recent developments include new requirements to disclose beneficial ownership under the CBCA, amendments to the Quebec GAAR, and greatly enhanced tax reporting for trusts.  What do these changes mean for taxpayers and advisors?  How is privacy and confidentiality affected?  This session will provide insights on this important aspect of the evolving environment for taxpayers, advisors and government officials.

Speakers:
Martin A. Sorensen, Bennett Jones LLP, Toronto
Bruce Zagaris,
Berliner Corcoran & Rowe LLP, Washington, DC

11:20 AM - 12:00 PM
Tax Certainty; A Reasonable Expectation or Oxymoron?

Taxpayers, practitioners, and tax administrations all talk and work towards certainty with carrying levels of vigour and even more carrying results. This policy discussion is premised on renewed focus on a shared interest in certainty by all parties particularly given increasing complexity, pace and transparency. This session will address fundamental questions relating to what certainty means,  what has and has not worked in the past, and what approaches offer the best chance of enhancing certainty.

Speakers:
Dominic Belley,
Norton Rose Rose Fulbright Canada LLP, Montreal
Ted Gallivan, Assistant Commissioner, Audit Branch, Canada Revenue Agency, Ottawa
Douglas W. O'Donnell, CPA, Commissioner, Large Business and International Division, IRS, Washington, DC

12:00 PM - 12:15 PM  |  QUESTIONS
12:15 PM - 2:00 PM  |  LUNCHEON
Moderator: John Oakey, CPA, CA, TEP, Baker Tilly Canada, Dartmouth
2:00 PM - 2:40 PM
Technology and the Tax Advisor of the Future

What skills are required for the tax advisor of the future in an ever changing landscape of artificial intelligence, increased automation, and more analytic capabilities?  This session will provide a discussion of the skills required such as high proficiency in data analysis, technology, change management and process improvement.  How the internal tax function is influenced by technological advancement will also be discussed including the impact on data flow, forecasting, scenario planning, and tax risk management.  

Speakers:
Susie Cooke, FCA, CPA, CA,
Deloitte LLP, Toronto
Renée Iori, CPA, CA,
Deloitte LLP, Calgary

2:40 PM - 3:20 PM
Carbon Taxation

This session will scan the status of carbon pricing in Canada, federally and provincially, and provide an update on the legal and political developments. This session, however, will primarily address whether Canada’s climate plan and carbon pricing policies are an effective tool to change people’s behaviours and its impact on the economy. Included will be an analysis on tracking and measuring changes in consumer behaviour and whether there have been positive or negative effects on the economy.

Speakers:
Christopher T.S. Ragan,
Department of Economics, McGill University, Montreal
Trevor Tombe,
Department of Economics, University of Calgary, Calgary

3:20 PM - 3:30 PM  |  QUESTIONS
3:30 PM - 4:00 PM  |  REFRESHMENT BREAK
Moderator: Mark Tonkovich, Blake, Cassels & Graydon LLP, Toronto
4:00 PM - 4:40 PM
Part I of II – Information Demands on Audit and at Discovery – Taxpayer Rights and Obligations

This panel will review best practices for document management at the audit and discovery stages in light of recent developments in the jurisprudence and the CRA’s administrative practices. In considering the scope of disclosure obligations at the audit stage, the panel will address the practical implications of decisions such as Cameco and Atlas Tube as well as the CRA’s response to those decisions. The panel will also discuss the scope of information disclosure in litigation, including the impact of technology, claims for privilege and the Crown’s approach to discovery in larger tax cases.

Panel Moderator:
Mark Tonkovich,
Blake, Cassels & Graydon LLP, Toronto

Speakers:
Natalie Goulard,
Department of Justice, Montreal
John Sorensen,
Gowling WLG (Canada) LLP, Toronto

 4:40 PM - 5:20 PM
Part II of II – Accessing Government Information on Audit and at Discovery – Government Rights and Obligations

This panel will review the current state of the law on accessing government information during tax audits and in litigation. The panel will discuss the scope of information available to taxpayers on audit, at appeals and in discovery. Access to Information legislation will be reviewed in detail as well as the recent caselaw restricting access to government policy documents in tax avoidance cases.

Panel Moderator:
Mark Tonkovich,
Blake, Cassels & Graydon LLP, Toronto
 
Speakers:
Perry Derksen,
Department of Justice, Vancouver
Martha MacDonald,
Torys LLP, Toronto

5:20 PM - 5:30 PM  |  QUESTIONS
5:30 PM  |  ADJOURNMENT
 TUESDAY, DECEMBER 3, 2019
7:00 AM - 8:00 AM | BREAKFAST
8:00 AM - 9:00 AM
Moderator: Wayne Adams, Canadian Tax Foundation, Ottawa
Academic Panel

The academic panel, a feature from past Annual Conferences, returns this year. Prominent Canadian tax scholars across various disciplines will provide updates on their research and share their thoughts on emerging areas of tax scholarship that inform policy discussion in Canada and globally. 

Speakers:
Brigitte Alepin,
Professor, Université du Québec en Outaouais, Outaouais
Arthur J. Cockfield,
Professor, Queen's University, Faculty of Law, Kingston
Alexander Edwards,
Associate Professor, Rotman School of Management, University of Toronto, Toronto
Lyne Latulippe, Professor, Université de Sherbrooke, Sherbrooke

9:00 AM - 10:00 AM
Moderator: Monica Biringer, Osler, Hoskin & Harcourt LLP, Toronto
All About Settlements

This panel will address process and strategies in a Tax Court Settlement Conference. The applicable Tax Court Rules will be canvassed, and there will be a discussion of the role of the settlement judge and the types of cases that are suited for settlement. The contents of a settlement brief will be addressed – both the Tax Court requirements and recommendations for the settlement brief from counsel and a Tax Court judge. Counsel will address strategies in negotiating a settlement. Draft minutes of settlement will be discussed by taxpayer counsel and the Department of Justice, including the need for specific provisions. The issues relating to enforceability of settlement agreements, arising from the caselaw, will also be covered.

Panel Moderator:
Monica Biringer,
Osler, Hoskin & Harcourt LLP, Toronto

Speakers:
The Hon. Justice Robert Hogan,
Tax Court of Canada, Ottawa
Margaret Nixon,
Stikeman Elliott LLP, Toronto
Deen Olsen,
Department of Justice, Ottawa

10:00 AM - 10:10 AM  |  QUESTIONS
10:10 AM - 10:30 AM  |  REFRESHMENT BREAK
10:30 AM - 1:00 PM  |  PLENARY SESSIONS »
1:00 PM  |  ADJOURNMENT
CONFÉRENCES PRÉSENTÉES EN FRANÇAIS
 LUNDI 2 DÉCEMBRE
7h00 - 8h00 | Petit déjeuner
ATELIERS
Veuillez noter que les ateliers sont des séances simultanés. Veuillez sélectionner l'atelier auquel vous participerez. Vous devez sélectionner qu’un seul atelier
9h30 - 12h00
Atelier I : Impôt sur le revenu fractionné (IRF)

 

Présentateurs :
Danielle Loranger, Raymond Chabot Grant Thornton, Sherbrooke
Marie-Danielle Roy, CPA, CA, Raymond Chabot Grant Thornton, Montréal

9h30 - 12h00
Atelier II : Transfert intergénérationnel d’une entreprise, déduction pour gains en capital

Cet atelier s’adresse à des professionnels ayant une connaissance poussée des règles portant sur la déduction pour gains en capital. L’atelier sera divisé en deux parties.

Une première partie théorique où seront discutées certaines règles techniques et leur application, dont celles portant sur le test d’actifs et les sociétés rattachées, la désignation de gains en capital par des fiducies familiales, et les conséquences de l’application de l’article 84.1 LIR et son impact sur le compte de dividende en capital.

La deuxième partie consistera en une étude de transfert d’entreprise intergénérationnel « évolutif » (un cas de de trois générations) au cours de laquelle seront notamment abordés les problématiques suivantes :

•    Les structures de financement;
•    La déductibilité des intérêts; et
•    Le cas d’enfants non-résidents.

Présentateurs :
Justine Benoit,
Spiegel Sohmer, Montréal
Pierre-Paul Persico,
Spiegel Sohmer, Montréal

 
12h15 - 14h00 |  Déjeuner
CONFÉRENCES SIMULTANÉES
Modérateur : Anne-Christine Boudreault, Cain Lamarre LLP, Montreal
14h00 - 14h40

Options d’achat d’actions et survol des autres régimes incitatifs pour les employés de sociétés privées

L’émission d’options d’achat d’actions ou l’octroi d’autres incitatifs  à des employés soulève des questions particulières pour une société privée.
Cette séance examinera les points suivants :

  • Choix entre l’offre d’actions et de droits en vertu d’un régime d’options fictives.
  • Régimes d’options d’achat d’actions – en quoi le traitement fiscal des sociétés privées est-il différent de celui des sociétés publiques et quelle est l’incidence des nouvelles règles proposées relatives aux options d’achat d’actions?
  • Autres régimes d’actionnariat pour les employés, comme les régimes d’achat d’actions à l’intention des employés.

Forces et limites des régimes d’options fictives et structuration de ces régimes afin d’éviter les règles relatives aux ententes d’échelonnement du traitement, y compris un examen des régimes d’unités d’actions différées (deferred stock unit plan) et des régimes d’unités d’actions avec restrictions (restricted share unit plan) dans le contexte des sociétés privées.

Présentateurs :
Antoine Desroches,
Norton Rose Fulbright Canada SECNCRL/srl, Montréal
Marie-Emmanuelle Vaillancourt,
Davies Ward Phillips & Vineberg SECNCRL/srl, Montréal

 14h40 - 15h20

De la vérification à l’avis d’opposition – pratiques exemplaires

Cette séance portera sur les pratiques exemplaires dans les rapports avec les autorités fiscales en matière de vérification et d’avis d’opposition, notamment :
adopter une approche proactive et maintenir de bonnes communications avec l’équipe de vérification;

  • documenter adéquatement les discussions et les communications avec les vérificateurs;
  • comprendre les conséquences des décisions récentes concernant le pouvoir des autorités fiscales de demander des entrevues avec les employés (Cameco), d’obtenir des documents (BP Canada Energy, Atlas Tube et Développement Béarence);
  • considérer les différentes ressources disponibles lorsqu’une vérification devient difficile (Agence du revenu du Canada et Agence du revenu du Québec); et
  • préparer le dossier pour le processus d’opposition, comprendre les enjeux, rédiger soigneusement l’avis d’opposition et gérer le processus d’opposition.


Présentateurs :
Marie-Claude Marcil,
EY Cabinet d’avocats srl/SENCRL, Montréal
Louis Tassé,
Osler, Hoskin & Harcourt SENCRL/srl, Montréal

15h20 - 15h30 | Période de questions
15h30 - 16h00 | Pause santé
16h00 - 16h40
Modérateur : Christine Girouard, CPA, CA, Raymond Chabot Grant Thornton, Montreal

Le point sur le paragraphe 55(2) et le revenu protégé

Plus de quatre ans après son entrée en vigueur, l’application du paragraphe 55(2) modifié comporte encore de nombreuses incertitudes. Dans ce contexte, l’utilisation du revenu protégé est un moyen courant et efficace d’éviter son application. Cette séance portera sur des questions pratiques liées au paragraphe 55(2), ainsi que sur les possibles conséquences imprévues qui peuvent survenir en accédant au revenu protégé.

Les conférenciers discuteront notamment des points suivants :

  • Lignes directrices de l’ARC sur les opérations couramment entreprises par les propriétaires exploitants, y compris la mise à jour de l’ARC sur l’objet.
  • Questions restées sans réponse qui pourraient nécessiter une clarification législative, y compris l’alinéa 55(3)a) et la RGAE.

Mise à jour sur certaines questions relatives au revenu protégé, y compris la pertinence de Kruco et l’attribution du revenu protégé.


Présentateurs :
Éric Hamelin,
Université de Sherbrooke , Sherbrooke
Jean-François Thuot,
PwC Canada, Montréal

 16h40 - 17h40
Table ronde de Revenu Québec 
 
Présentateurs :
Paul Jr Bergeron,
Revenu Québec, Québec
Marie-France Dompierre,
Lavery, Montréal
Christophe De Koster,
Revenu Québec, Montréal
Catherine Tremblay,
Groupe RDL, Victoriaville

17h40 PM | Ajournement
Réception du lundi soir »

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