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Understanding Taxation to Avoid Frustration

Effective tax planning between a shareholder and a corporation requires a detailed knowledge of numerous income tax provisions. Understanding the tax implications allows a tax practitioner to take advantage of provisions put in place to minimize the income tax implications and avoid the unwanted tax consequences. This workshop will cover various reorganizations of corporations and will also analyze the dividend deeming sections of the Income Tax Act.

Date: October 14, 2014
Time: 9:00 am - 5:00 pm
Location: 688 Sherbrooke Street West
Fee: $545 CAD plus applicable taxes


Objective

This workshop will provide tax practitioners with a comprehensive examination of a variety of subjects which relate to transactions between corporations and their shareholders. Extra focus will be given to areas which may result in unwanted tax implications. Presentation will include examples of problems and solutions.


Topics Covered

  •  Will your after-tax cash retained me more if you sell your shares or if you wind-up your corporation? (allows you to make informed decisions)
  • What you should know when you purchase the shares of a corporation from another party and there has been a change of control?
  • What you should know about the shares of a corporation you purchased from a third party - hidden tax implications.
  • What happens to the losses in a corporation when there is a change of control?
  • Know which assets could be bumped-up (and how) increasing the cost and thus reducing future capital gains in the future.
  • What you should know about the Capital Gains Deduction?
  • You want to transfer your assets to a corporation- avoid immediate tax implications using the rollover provisions provided in the Income Tax Act.

Material: Included in the workshop fee and will be provided during the workshop


Facilitator

Mr. Jack Triassi, CPA,CGA
Mr. Triassi is a consultant specializing in income taxation issues. He has been teaching taxation at McGill University since 2006.
Mr. Triassi has over 30 years of experience at Canada Revenue Agency where he occupied the following functions: Section manager of the Large Business Corporation audits, as well as Section manager of the International Tax sector. Mr. Triassi is a former member of: National advisory steering committee of the Large File Program; National advisory steering committee for International Tax Sector; National risk assessment advisory committee.

Mr. Triassi has delivered numerous presentations to the Montreal Tax Executive Institute, Montreal Senior Tax Practitioners and to various CPA firms on topics relating to International Taxation, Risk Assessment and Large Corporation.


Cancellation Policy

All cancellation & substitution requests must be made in writing.
Up to 14 days prior to the start date: Full refund
Up to 7 days prior to the start date: Refund minus CAD $100 cancellation fee.
Within 7 days of the start date: No Refund, however suitable participation substitution will be permitted.

If no notice is given prior to the start of the event(s) and you fail to attend, you will be liable for the full course fee.

McGill School of Continuing Studies reserves the right to cancel an event up to 7 days prior to its start.


Contact Information

For general inquiries, contact pd [dot] conted [at] mcgill [dot] ca