Transfer Pricing



Registration for this event is full. Please email adminmtl@ctf.ca for inquiries

Metro Toronto Convention Centre North Building 255 Front Street West Toronto | M5V 2W6

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

Program | March 27, 2019 

7:30 am

Registration and light breakfast 
 
8:20 am Opening remarks
Julie Vezina, Fondation Canadienne de fiscalité

MORNING PANEL

Moderator
:

Speakers: 

Sébastien Rheault
, Barsalou Lawson Rheault 

Justice Robert Hogan, Tax Court of Canada
Matt Billings
, Duff & Phelps
Alex Ho, Canada Revenue Agency
Michelle Levac, Canada Revenue Agency 
Alexandra MacLean, Canada Revenue Agency
Al Meghji, Osler, Hoskin & Harcourt
Angelo Nikolakakis, EY Law
Donna O’Connor, Canada Revenue Agency
Sue Wooles, BMO Financial Group 

I - CASE STUDY:  ASSUMPTION OF RISKS VS. FUNCTIONS
 
8:30 am

This panel will analyze Example 16 from OECD 2017 Guidelines (Annex to Chapter VI) from two perspectives:  OECD Guidelines and Canadian legal framework. 

A. OECD Perspective 

  • How does the OECD propose to analyze facts involving an IP owner who assumes R&D risk but does not perform or control all R&D functions? 
  • What value is attributed to functions vs. risks?  
  • Do residual returns require controlling functions?
  • Returns for funding R&D activities and assuming other risks?

B. Legal Perspective

  • How would the same facts be analyzed under section 247? 
  • Can CRA apply OECD guidance under 247(2)(a) and (c)? 
  • Or apply either re-characterization or a judicial anti-avoidance doctrine (sham, legally ineffective)? 

C. OECD and Legal Framework

  • What are the practical implications of the differences between the OECD and Legal frameworks? 
  • How to prepare contemporaneous documentation? 
  • Can these approaches be reconciled?
 
II - CASE STUDY:  RESOLVING TRANSFER PRICING ISSUES “Does the walker choose the path, or the path the walker?”

9:30 am 

A. Resolution on Audit

Panel discussion with CRA on how to best resolve cases on audit:  

  • Roles of TSO vs. ITD
  • CRA’s Audit File Resolution Committee
  • Settlement on audit if open to MAP
  • Settlement on audit binding on CRA and taxpayer
  • Dealing with downward adjustments, s. 247(10) and revised TPM-03
  • TPRC referrals (recharacterization, penalties, CCAs).  
 
10:15 am Refreshment Break
 

10:35 am

B. Competent Authority programs or Appeals Branch?

Panel discussion on pros and cons of proceeding to Appeals Branch vs. Competent Authority.  

Understanding the differences between Unilateral, Bilateral, Multilateral, Parallel BAPAs.  

  • Arbitration
  • BEPS Action 14
  • New International Compliance Assurance Program (ICAP)
  • MAP for recharacterization cases? 

Walking through the current process at Appeals Branch, case referrals to Ottawa, etc.

  • Options if resolution leaves double tax
  • Role of independent experts before discovery 
 
11:20 am C. Discovery and Trial

  • Case management and the path to trial
  • Tax Court approach to the discovery process
  • The role of expert evidence
  • Settlement conferences and other pre-trial processes   
 
12:05 pm LUNCH
Keynote speaker: Chief Justice Eugene Rossiter, Tax Court of Canada 

AFTERNOON PANEL

Moderator: 

Speakers:
 

Sheena Bassani
Barsalou Lawson Rheault 

Angeline ChandraBDO
Muris Dujsic, Deloitte 
Jeffrey LepineCanada Revenue Agency
Srini LalapetDell Technologies
Govindaray Nayak, Canada Revenue Agency
Christine PolekThe Brattle Group
Andrew TeppermanCharles River Associates
Perry UrkenEconomics Partners 
 
III - CASE STUDIES ON CURRENT TRANSFER PRICING ISSUES 

1:30 pm 


A. Practical guidance for addressing intangibles 


This panel will explore different perspectives through case studies designed to challenge and sharpen your economic edge

  • Valuation methods for the transfer pricing of intangible assets
  • Profit-split methods for pricing intangibles
  • Hard to value intangibles and use of hindsight   

  

3:00 pm  B. The path less travelled

Expand your depth and breadth of knowledge by delving into and understanding the nuances of less common transfer pricing situations

  • Use of internal comparables: Factors overlooked
  • Practical issues in applying transfer pricing methods
  • New developments in the transfer pricing of financial transactions

  

4:00 pm  Refreshment Break
 
CLOSING PANEL 

Moderator: 

Speakers:
  

Brian Mustard, BCE Inc.

Sophie Chatel, OECD
James GreeneFinance Canada
   
IV. LOOKING FORWARD: DIGITALIZATION, TRANSFER PRICING AND TAX TREATY CONSIDERATIONS
 
 

4:20 pm  

In the context of new business models facilitated by digitalization, the closing panel will discuss recent developments, remaining issues and engagement going forward.

A. Background


  • Underlying issues of profit shifting and allocation of taxing rights in context of new business models facilitated by digitalization
  • OECD’s BEPS Action 1 report (2015)
  • VAT/GST issues

B. Recent developments
 

  • OECD Interim Report (March 2018)
  • Unilateral interim measures (e.g., digital services taxes)

C. Current discussions

  • Allocation of taxing rights based on nexus and income allocation
  • Remaining BEPS issues


D. Work and engagement going forward


5:20 pm  Adjournment 

5:30 pm -
7:30 pm
Networking Reception

Join us for a networking reception post-event for the chance to unwind and catch-up with colleagues. 

 

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