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The Definitive Owner-Manager conference has moved to a virtual format for 2020. Experienced presenters will offer planning tips on TOSI, Loss Utilization, Compensation strategies and an international tax update targeted toward the Owner-Manager. Advisors will also be reminded why it makes sense to revisit the family succession plan. Advisors of private corporations, shareholders, trusts and their beneficiaries should not miss this conference. 

Day 1: Monday, September 21, 2020

10:50AM
11:00AM

Opening Remarks

Heather L. Evans,
Executive Director & CEO, Canadian Tax Foundation

   

11:00AM
11:55AM

Current Issues

Kenneth Keung, CPA, CA, TEP, Moodys Tax, Calgary
Sandra Mah
,DLA Piper (Canada) LLP, Calgary

11:55AM
12:00PM

Question/Answer Period

12:00PM
12:55PM

Recent Court Decisions

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

Grace Chow, FCPA, FCA, CA, Cadesky Tax LLP, Toronto
Nancy Diep,
Lawson Lundell LLP,Calgary

12:55PM
1:00PM

Question/Answer Period

1:00PM
1:20PM

Break

1:20PM
2:05PM

Tax Planning During Recessionary Times

This topic will cover cash tax issues like installments, installment recovery, accelerating refunds, intragroup property transfers and reorganizations, inventory valuations and reserves. 

Anne-Marie Dupras, CPA, CA, MNP LLP, Montreal
Ryan Hoag, CPA, MNP LLP, Surrey

2:05PM
2:10PM

Question/Answer Period

2:10PM
2:55PM

Tax Issues Regarding Losses

This topic will discuss various considerations and strategies regarding losses in the private owner-manager context, including maximizing the benefit of losses within a corporate group, implementing loss consolidation strategies, utilizing the asset seizure rules in sections 79 and 79.1, navigating the debt forgiveness rules, and addressing the loss denial rules.

Alexander Demner, Thorsteinssons LLP, Vancouver
Kyle B. Lamothe, Thorsteinssons LLP, Toronto

2:55PM
3:00PM

Question/Answer Period

3:00PM
3:20PM

Break

3:20PM 
4:05PM

CRA Collection Powers in Practice

The initiation of collection action by the CRA often triggers a process of addressing immediate threats to the continued operations of distressed businesses including negotiating and implementing arrangements for the payment of tax arrears. Taxpayers in this situation and their advisors typically do not have the luxury of cash on hand (or time) and will usually have to deal with other creditors besides the CRA in the process. This session will examine the approaches CRA has available to collect unpaid taxes and discuss examples where taxpayers, their advisors and other debt holders have worked with the CRA to assist in efforts to keep the business operating notwithstanding sizeable tax debts. 

George Cooper, QC, Cox & Palmer LLP, Moncton
Additional Speaker: TBA

4:05PM 
4:10PM

Question/Answer Period

4:10PM
4:55PM

Canadian Sales Tax – Cash Management Tips

This session will examine cash management tips, ensuring your client is not subject to multiple levels of taxation when providing services across provincial borders, and avoiding situations when your client is liable for tax they did not collect (areas of uncertainty with exempt and zero-rated supplies). 

John Frim, MNP LLP, Waterloo
Jeff Harrison, CPA
, MNP LLP, Regina

4:55PM
5:00PM

Question/Answer Period

5:00PM

Adjournment

Program is subject to change. Please check back frequently for the most up-to-date version

Day 2: Tuesday, September 22, 2020

10:50AM
11:00AM

Opening Remarks

Heather L. Evans,
Executive Director & CEO, Canadian Tax Foundation

Moderator  Jennifer Talbot, Patterson Law, Halifax 

11:00AM
11:55AM

Tax on Split Income (TOSI)

This topic will discuss situations where TOSI arises in situations that are not traditional income splitting situations, occasionally in 21-year rule planning, and in surprising estate planning situations.  This will also cover unique situations arising in the context of excluded shares.  Will also include a review of recent CRA Interpretations, and possibly discuss fact situations currently being examined by CRA, including potential referrals to HQ.

John Oakey, CPA, CA, TEP, Baker Tilly Canada, Dartmouth
Catherine Rau, CPA, CA, BDO Canada LLP, Windsor

11:55AM
12:00PM

Question/Answer Period

12:00PM
12:55PM

Selected M&A Issues in the Current Economy

This session will address some common issues owner-managers face when buying and selling a business.  Specifically, this session will review tax issues related to purchase price allocation, restrictive covenants, capital gains exemption, capital gains reserve, earn-outs and reverse earnouts, non-compete payments, and stock options.  This session will focus on identifying various traps and pitfalls associated with those issues and provide practical solutions for both the vendor and the purchaser.

Katie McIntosh, CPA, CA, Deloitte LLP, Toronto
Barbara Worndl, Aird & Berlis LLP, Toronto

12:55PM
1:00PM

Question/Answer Period

1:00PM
1:20PM

Break

1:20PM
2:05PM

Compensation Strategies

Review of integration, update on employee benefits (including allowances for home offices), reimbursement of expenses & tax issues regarding work from home arrangements. 

Caitlin Butler, CPA, CA, Video Tax News, Edmonton
Joseph Devaney, CPA, CA, Video Tax News, Edmonton

Hugh Neilson, FCPA, FCA, TEP,
Video Tax News, Edmonton

2:05PM
2:10PM

Question/Answer Period

2:10PM
2:55PM

International Tax for Owner-Managers: An Introduction for Non-Specialists

In an increasingly globalized world, operating outside of Canada or attracting investment from non-residents of Canada is business requirement for many owner-managed business and not just public corporations and investment funds. This session will focus on foreign affiliate, foreign partnership and inbound investment issues that are likely to be of interest to expansion-minded private corporations and the practitioners who advise them. Topics will include a primer on entity classification, the foreign affiliate rules and associated reporting requirements, and inbound investment issues including thin capitalization, taxable Canadian property and withholding taxes.

H. Michael Dolson, Felesky Flynn LLP, Edmonton
Byron S. Beswick, CPA, CA, Felesky Flynn LLP, Calgary

2:55PM
3:00PM

Question/Answer Period

3:00PM
3:20PM

Break

3:20PM 
4:05PM

Why You Should Revisit the Family Succession Plan

This Case Study will discuss strategies to mitigate the impact of the recent economic downturn, including family members joining or departing the family business, and possibly closing down one or more of the business operations. 

Maureen Berry, Fasken, Toronto
Clare Burns, WeirFoulds LLP, Toronto

4:05PM 
4:10PM

Question/Answer Period

4:10PM
4:55PM

Tax Issues in Estate Administration: Tips, Traps and Implications for Estate Planning

This session will compare and contrast various tax issues arising in estate administration and on the death of the life tenant of a life interest trust, including post-mortem planning, charitable giving, and maximizing tax attributes. This session will also discuss how to optimize estate planning to preserve post-mortem planning options and reduce tax inefficiency on death.

Armando Minicucci, Grant Thornton LLP, Mississauga
Erin Podio,
Grant Thornton LLP, Toronto

4:55PM
5:00PM

Question/Answer Period

5:00PM

Adjournment

Program is subject to change. Please check back frequently for the most up-to-date version

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