Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
Tax planners are confronted with a multitude of tax accounts that need to be considered in conjunction with each other This seminar provides a detailed review of the key tax accounts for CCPCs and examines tax planning processes in the case of multiple tax accounts.
Integration is an important part of Canada’s Income tax system for private corporations and the notional tax pools reviewed in this course are integral to the concept of integration. This course will provide a common framework for considering GRIP, refundable tax pools, LRIP and CDA. The focus of this course is applying an understanding of these pools to effective tax planning. The seminar includes mini cases that demonstrate complex issues involving multiple tax accounts.
Topics Include:
- Basic considerations for all tax accounts.
- GRIP, LRIP, ERDTOH, NERDTOH and CDA – how to calculate and the impact each has on tax planning and transactions.
- Loss carrybacks and the impact on each account.
- Tax integration and planning considerations.
- Practical overview in the completion of tax schedules and elections.
NOTE: This course description has been revised and reflects updates for 2025. If you have any questions, please contact pdevents@cpaontario.ca.
Other Available Sessions
Key Takeaways
By the end of this course, participants will be able to:
- Describe the key attributes that need to be considered for the various notional tax pools.
- Explain how to calculate the balance for GRIP, ERDTOH, NERDTOH, and CDA.
- Develop an annual tax plan that makes use of the notional tax pools.
- Describe how transactions that impact one pool might impact other pools.
Who Will Benefit
Although all tax practitioners may benefit from this session, this seminar targets professionals involved in tax planning for CCPCs and their shareholders.
Prerequisite(s)
Participants should be familiar with existing tax rules in the Income Tax Act.
How to Access the Course
This course is an in person seminar held at the CPA Ontario Office, Multipurpose Room 2 - 69 Bloor St E, Toronto, ON M4W 1B3. You must attend in person to receive verifiable CPD hours.
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)
Babar Khan has over 13 years of experience working with the Big 4 and mid-size accounting firms in cross-border (US & Canadian) tax compliance & advisory area. He also teaches BBA and MBA courses at Canada’s Schulich School of Business. In addition, Babar has been involved in teaching with Chartered Professional Accountants of Ontario. He also sits on the board of a UK based EdTech company. He holds an MSc (Tax) from University of Oxford (UK), an MBA from Schulich School of Business and a BBA from University of Toronto. He is also a dual US and Canadian CPA.