Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
This course is an exciting addition to our series of software application courses, tailored to equip accounting professionals with practical expertise in income taxation and trust planning. Divided into two components, participants will engage in a comprehensive learning experience. In the first component, we will explore the theoretical concepts behind the taxation of trusts and trust planning. Understand the ins and outs of trust creation, residency determinations, beneficiary taxation, and strategic planning techniques such as estate freeze, post-mortem planning, and the 21-year deemed disposition rule with expert guidance. Then, in the second component, put theory into practice through immersive software exercises. Gain hands-on experience navigating trust taxation software, applying theoretical knowledge to real-world scenarios, and refining your skills for practical application.
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Topics Include:
| Module | Description |
|---|---|
| Module 1: Foundations of Trusts |
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| Module 2: Taxation of Trusts |
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| Module 3: Trust Income and Computations |
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| Module 4: Beneficiary Taxation and Rules |
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| Module 5: Dispositions and Deemed Dispositions |
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| Module 6: Reporting and Compliance |
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| Module 7: Planning with Trusts |
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| Module 8: Practical Application and Case Studies |
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Note: Software is not provided as part of this course. Training is not specific to any software after the training a participant can use any software to apply their learning.
Schedule
- January 23, 2025, 8:30 a.m. - 12:30 p.m.
- January 24, 2025, 8:30 a.m. - 12:30 p.m.
Key Takeaways
Upon completing this course, you will be able to:
- Gain a thorough understanding of different types of trusts, their creation, and their roles in both personal and commercial contexts.
- Learn to navigate and comply with Canadian trust tax regulations, including residency, contributions, and new reporting requirements.
- Develop skills to accurately compute trust income, allocate it to beneficiaries, and manage related tax implications.
- Understand how beneficiaries are taxed on trust distributions, including discretionary distributions and designations of different types of income.
- Acquire strategies for effective tax planning, including handling dispositions, the 21-year deemed disposition rule, and post-mortem tax planning.
- Gain hands-on experience with trust taxation software, applying theoretical knowledge to real-world scenarios through practical case studies.
Who Will Benefit
This course is designed for employees and partners of public accounting firms, as well as individuals working in the tax industry seeking to enhance their tax compliance and planning skills.
How to Access the Course
This course is a live webinar. You must attend the live course to receive verifiable CPD hours. We recommend you join five minutes prior to the scheduled starting time. To get the full experience of this interactive course, use a computer that has video and microphone capabilities.
Electronic material can be accessed one week prior to the course and should be downloaded in advance.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.
Speaker(s)
Haroon Khan is an experienced tax professional, having served over 14 years at the world’s leading accounting firms, including the Big 4, as Senior Tax Manager and Tax Partner. Haroon obtained his Bachelor of Business Administration degree from the University of Toronto before qualifying as a CPA, CA in Canada and as a U.S. CPA in the State of Illinois. He has also completed all three parts of CPA Canada’s In-Depth Tax Program. He co-founded multiple start-ups, these ventures have allowed him to assist over 100,000 professionals across Canada, the US, and internationally.