Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
This course offers practitioners, business owners, and other tax professionals relevant technical and practical knowledge of important income tax considerations for when it is time to buy, sell, or undertake an intergenerational transfer of a private Canadian business.
Merger and acquisition activity in Canada continues to thrive, notwithstanding profound environmental changes. The process of buying or selling a business in Canada, or transitioning it to one’s children or other successors, can constitute one of the most exciting yet stressful times in the lives of entrepreneurs, their key executives, members of their families, and their professional advisors. The purpose of this course is to alleviate some of the stress by providing an understanding and update of Canadian income tax issues for purchasers and vendors of businesses in Canada and their professional tax advisors.
The focus of this course will be on transactions between Canadian private business owners and/or their privately-held corporations as well as issues arising from their dealing with family members, public corporations, and non-residents. Following introductory comments on commercial and tax due diligence issues, a discussion of technical and practical content on relevant rules, anti-avoidance measures, planning opportunities, and updates from the government and the courts will be offered in the context of commonly used transaction structures and business vehicles. In particular, the course will explore separate and comparative material on “share deals” vs. “asset deals,” along with a presentation of issues common to both kinds of deals. Several hypothetical case studies will be reviewed to illustrate major concepts.
Topics Include:
| Topic | Details |
|---|---|
| Commercial Factors |
|
| Share Deals |
|
| Asset Deals |
|
| Intra-family and Intergenerational Transfers |
|
| Other Issues |
|
NOTE: This course description has been revised and reflects updates for 2024. If you have any questions, please contact pdevents@cpaontario.ca.
Schedule
- October 24, 2024, 8:30 a.m. - 12:30 p.m.
- October 25, 2024, 8:30 a.m. - 12:30 p.m.
Key Takeaways
By the end of this course, participants should be able to:
- Identify and act on opportunities to be of service to their clients / employers as potential private purchasers and vendors of businesses in Canada, in a manner that is consistent with codes of ethical business culture and professional independence/conflict of interest.
- Comprehend, explain, and act on key income tax concepts that are most relevant to purchasers and vendors of businesses in Canada prior to a proposed transaction, at the time of the transaction, and at times subsequent to the transaction.
- Participate meaningfully in negotiations on behalf of buyers or sellers in negotiating tax-consideration-driven transaction structure and assessing the impact on taxes to both sides.
- Identify and assist with related tax compliance obligations.
- Identify, assess, and address both pitfalls and situations that offer opportunities for tax savings.
- Apply the most important recent legislative and interpretive changes to the rules in delivering planning and other advice and related compliance services.
Who Will Benefit
Practitioners, industry members, and owners/key executives in privately owned Canadian businesses, who are tax professionals and who want technical and practical knowledge and updates in taxation issues relevant to the purchase and sale of a business in Canada.
Prerequisite(s)
- Possess a strong foundational working knowledge of the Canadian Income Tax Act, including related technical research skills; and
- Have several years of experience in providing Canadian income tax compliance and advisory service.
Disclaimer
The views expressed in the course are non-authoritative and have not been formally endorsed by CPA Ontario and do not reflect the views of CPA Ontario. The information included in the course is for general information purposes only.
CPA Ontario, the presenters and the authors do not accept any responsibility or liability that might occur directly or indirectly as a consequence of the use or application of or reliance on this material.
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)
Ryan Minor, CPA, CA has extensive tax consulting experience in public practice. His practice includes tax and estate consulting for private owner managed firms and producing tax training programs for accountants who do not work in tax. Ryan is also a member of the Society of Trust and Estate Practitioners (STEP). In addition, Ryan is pursuing a PhD in Law with a focus on tax law. His research focuses on the effectiveness of tax policy to achieve economic objectives.