Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
NOTE: This course description has been revised and reflects updates for 2023. If you have any questions, please contact pdevents@cpaontario.ca
The course is being offered to ensure that accountants who prepare trust returns or who advise clients with trust structures or who are considering trust structures have a functional knowledge of the applicable tax rules and the ability to issue-spot potential problems that may require specialist assistance. Participants will develop better knowledge of the rights and duties of settlors, trustees and beneficiaries. Both the inter vivos and testamentary trust context will be discussed.
This seminar will provide an overview of trust relationships, how to complete basic returns for trusts and their beneficiaries, and how to identify and communicate basic tax planning benefits and opportunities that involve family trusts. This course reviews the basic tenants of trust law, the provisions of the Income Tax Act, case law and CRA administrative positions that are fundamental to the taxation of trusts. Participants who would benefit from attending are accountants of any experience level who have a working knowledge of personal income tax rules and whose clients include estates, trusts or high net worth individuals.
Topics Include:
- Recognizing the need for a trust structure
- Overview of trust law
- Design of a trust
- Types of trusts
- Taxation of trusts
- Taxation of beneficiaries
- Trusts and estates
- Planning opportunities
- Administration
Key Takeaways
By the end of this course, participants will be able to:
- Describe the income tax treatment of trusts and their beneficiaries
- Identify potential tax risks or tax issues associated with trust structures
- Analyze whether clients would benefit from a trust structure
Who Will Benefit
Practitioners who wish to gain an understanding of trust taxation, or wish to refresh their knowledge and stay abreast of current issues to better advise their clients.
Prerequisite Knowledge
Participants should have a working knowledge of the income tax rules applicable to individuals and corporations.
How to Access The Course
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 course to appear on your BlackBoard page.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.