More than one in five (21.8%) in the Canadian workforce are aged 55 to 64. This is an all-time high in the history of Canadian censuses. This community will be seeking finance and tax professionals who can execute and demonstrate expertise associated with their estate, trust, tax and legacy planning objectives. CPAs are uniquely qualified fiduciaries to serve this record-breaking population base.
This certificate program is designed for professionals who are seeking proficiency in estate and trust administration, estate accounting and trust tax reporting. This comprehensive program builds from a tax and estate planning scenario to the execution of a will, estate administration, tax filing and reporting to the stakeholders and courts. Participants will learn by interacting with an actual case and preparing documentation that would typically be available for submission to legal, regulatory and taxation authorities. Many of the tools outlined and skills developed are applicable to any fiduciary engagement.
Post workshop. participants will have an understanding of the traditional estate accounting sections and reporting, how to deal with unique transactions, estate administration efficiency opportunities and trust tax return preparation and filing. Participants will learn how to navigate an estate administration and recognize pitfalls associated with estate accounting. They will review new trust reporting requirements and enhance their trust tax reporting acumen.
Expect to leave this program with the confidence to assist anyone acting as an executor, estate trustee, attorney under power of attorney for property and fiduciary related engagements.
- Day 1: January 29, 2024, 1:00 pm - 5:00 pm
- Day 2: January 30, 2024, 1:00 pm - 5:00 pm
- Day 3: January 31, 2024, 1:00 pm - 5:00 pm
- Day 4: February 1, 2024, 1:00 pm - 5:00 pm
Upon completion of this course, participants will be able to:
- Understand of the estate administration process, fiduciary responsibilities and pitfall avoidance
- Review the components and preparation of Estate Accounting ("Passing of Accounts") Reports
- Consider nuanced scenarios such as:
- Family-owned business
- Digital Assets
- Legal and family law claims against an estate
- Foreign property
- Minor beneficiaries
- Estate is a beneficiary
- Examine Death of a Taxpayer Tax Planning and administration efficiency opportunities
- Prepare and file Testamentary trust T3 tax and information return
Our new collection of digital badges can be earned through the completion of any of our certificate programs offered in our professional development catalogue. Collect these digital badges to add to your website, social profiles, email signature and more. These badges are an easy way to visually communicate your skills and accomplishments to your peers and network. Digital badges will be awarded based on course completion requirements.
Attendees should have an understanding of a what a fiduciary does and nominal understanding of the Trust and Estate Planning Process. It would be helpful if they have some insight on some of the planning and associated consequences of Death of a Taxpayer.
Participants are required to use a laptop or computer with Excel. An external mouse is strongly recommended for the hands-on work, as well as a functioning internal microphone to experience the full audio portion of the course.
This CPA Ontario course is a live webinar, delivered over four, half-day, sessions. We recommend you join five minutes prior to the scheduled starting time of each session. Recordings of all sessions will be available to all registrants.
To access the course please visit our BlackBoard site, and log-in using the same login and password used for the Registration Portal.
Please allow up to 15 minutes after registration for the seminar to appear on your BlackBoard page.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.
Michael Kulbak, CPA, CMA is Managing Principal of Kulbak Trust Solutions a fiduciary firm that provides Professional Executor, Power of Attorney and Trustee Services. His areas of specialization include estate and trust planning, tax, administration and compliance. Michael has been a CFO, Trustee, Director, Officer, Treasurer and executive responsible for financial stewardship for a number of organizations and trusts. In these roles he was accountable for safeguarding assets, financial decision-making, tax planning, regulatory and statutory reporting.
Dan McAran, CPA, CGA has over 23 years’ experience in fiduciary accounting. He was actively involved in the development of the Do Process (now Dye & Durham) estate-a-base program and did much of the detailed design of the estate accounting portion. He also has a Doctor of Business Administration Degree from the University of Reading (UK).