Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
While the small business deduction reduces the amount of income tax payable for many corporations, the myriad of rules and regulations and recent changes has significantly expanded the complexity. These changes have substantially increased challenges for accessing the small business deduction, rendering it one of the more complex provisions in the Income Tax Act (“ITA”) that is commonly used by most practitioners.
This seminar covers the unique taxation issues that apply to groups of privately held companies and their access to the small business deduction. It will outline a detailed review of the association rules, reductions of the small business deduction limit, specified partnership income, specified corporate income rules for income streams, basic considerations for intercorporate dividends, and the impact of trusts in the corporate group. Mini cases and review questions will be used to highlight these concepts.
This course includes a thorough and detailed discussion of association issues from basic to advanced issues.
This seminar does not include a review of Section 55, Safe Income or GST/HST as additional courses on these topics are available.
This course includes a significant time spent on in class exercises and cases.
Topics Include:
- The small business deduction – requirements and basic rules
- Small business deduction limit reductions – taxable capital and passive income grinds
- Basic related, association and affiliated rules and their impacts, including deemed association
- The impact of partnerships in the group, including specified partnership income rules
- Specified corporate income rules
- Part IV tax between private corporations
- Use of trusts in a corporate group
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
Schedule
- November 19, 2025, 1:00 p.m. - 5:00 p.m.
- November 20, 2025, 1:00 p.m. - 5:00 p.m.
Key Takeaways
By the end of this course, participants will be able to:
- Describe the basic types of relationships between corporations in the ITA.
- Apply the related and associated corporation rules in the ITA to private corporate group structures.
- Identify situations where the specified partnership income and specified corporate income rules will apply.
- Evaluate the impact of taxable capital and investment income on the available small business deduction.
Who Will Benefit
Although this seminar benefits most tax professionals, the content specifically targets practitioners and accounting professionals involved with groups of privately held companies.
Prerequisite(s)
Participants should be familiar with existing tax rules in the ITA. Corporate Tax: RDTOH, CDA and Other Tax Accounts is a recommended pre-requisite course.
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.
If available, course materials can be accessed 2 business days 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.