Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
Participants will learn to recognize common transactions that can unintentionally trigger adverse Canadian income tax results and how to spot the precursors that lead to those outcomes. Participants will practice preventing, managing, and mitigating these issues by understanding the underlying rules and applying practical planning strategies.
Topics include:
- Small business deduction impediments: specified corporate income, association (including family trusts), taxable capital, specified investment business Adjusted Aggregate Investment Income interactions.
- Inter‑corporate dividends and subsection 55(2): asset removals before share sales, division of assets among siblings, prevention techniques, and related tax exposures.
- Individuals selling shares to non‑arm’s‑length corporations: section 84.1 considerations, intergenerational business transfers, and selected administrative positions.
- Family income splitting: dividends paid to family shareholders and TOSI, and corporate attribution (s.74.4) implications.
- Stop‑loss rules frequently encountered: affiliated‑person stop-loss rules, dividend stop‑loss, ABIL‑related rules (incl. ss.50(1) and debt‑forgiveness interactions), and effects of an acquisition of control on losses.
- Other consequences to avoid: GRIP and CDA calculations/timing, multi‑jurisdictional taxpayer issues, principal residence exemption pitfalls, non‑resident services in Canada, and bare trust reporting.
NOTE: This course description has been revised and reflects updates for 2026. If you have any questions, please contact pdevents@cpaontario.ca.
To access your course, visit the CPA Ontario Blackboard site and sign in using the same username and password used for the Registration Portal.
Important: Course access begins on the date of purchase and remains available for the Access Time specified for the course under Dates and Location. Please review the access time before purchasing. Note that it may take up to 15 minutes after registration for the course to appear in Blackboard.
Registration, cancellation, withdrawal, and other CPA Ontario PD policies can be found here.
Key Takeaways
By the end of this course, participants should be able to:
- Identify triggering conditions in common transactions that can produce unfavourable tax consequences.
- Explain the significance of the applicable income tax rules and assess the degree of exposure.
- Evaluate potential impacts and develop prevention, management, or mitigation strategies.
- Apply a structured approach to recognizing warning signs and documenting responses.
Who Will Benefit
- Practitioners who encounter income tax consequences in their work but are not tax specialists.
- Public practice and industry professionals seeking practical tools to anticipate and mitigate adverse tax outcomes.
Prerequisite(s)
- Working knowledge of general corporate and personal income tax.
- Experience with basic planning concepts for private corporations (recommended).
How to Access the Course
To access your course in Blackboard, please follow these steps:
- Go to https://pdlms.cpaontario.ca
- Select ‘Ontario’ from login menu
- Sign in using the same login credentials used to register for the course
- Navigate to your course to access the content
Important: Your course access time begins on the date of purchase and remains available for the duration noted above. Please note that it may take up to 15 minutes after registration for the course to appear in Blackboard.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.