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
- Session for August 19 available here.
The CPA Ontario Tax Immersion Program
Schedule
- June 23, 2026, 1:00 p.m. - 5:00 p.m.
- June 24, 2026, 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 delivered as a live webinar. To receive verifiable CPD hours, you must attend the session live. We recommend joining at least 5 minutes before the scheduled start time. For the best interactive experience, please use a computer equipped with a camera and microphone.
A reminder email with the Zoom link and course details will be sent two business days before the session. If you do not receive it, please check your spam or junk folder.
The same information, including any available materials, will also be posted in advance on our Blackboard LMS.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.
Speaker(s)
Babar Khan is an experienced cross-border tax professional with over 14 years of experience in US & Canadian tax compliance and advisory work. He specializes in taxation for Expatriates, Business Travelers, High Net Worth Individuals and Owner-Managed businesses. Babar also teaches at Canada’s Schulich School of Business and CPA Ontario. Babar 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. Babar also serves on the board of a UK based EdTech company.