Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
In the world of tax, even straightforward and seemingly benign situations can trigger unintended adverse income tax repercussions. This seminar will equip participants with the skills to identify, prevent, and manage such outcomes.
Negative consequences represent an unfortunate part of life. While many professionals can proactively anticipate results, some consequences occur unexpectedly. In the world of tax, even straightforward and seemingly benign situations can trigger adverse income tax repercussions. Accordingly, this seminar will equip you with the skills to identify, prevent, and manage such outcomes.
In order to deliver the seminar in a realistic manner, the seminar introduces topics by starting with common transactions or events before presenting the unfortunate tax result. Subsequently, the seminar explains the income tax rules and reasons behind the negative result ensuing from each particular situation. You will receive suggestions to manage and mitigate such a problem as well as tips for recognizing relevant precursors and triggers. Finally, the seminar provides you with notes that elaborate on detailed background information for each situation.
Topics Include:
- Investments in a corporation.
- Intercorporate dividends and exposure to taxation as a capital gain.
- Individuals selling shares to non-arm’s length corporations.
- Family income splitting.
- Select obstacles to claiming the small business deduction.
- Stop-loss rules.
- Scenarios involving unfortunate income tax results.
NOTE: This course description has been revised and reflects updates for 2024. If you have any questions, please contact pdevents@cpaontario.ca.
Schedule
- October 30, 2024, 1:00 p.m. - 5:00 p.m.
- October 31, 2024, 1:00 p.m. - 5:00 p.m.
Key Takeaways
By the end of this course, participants will be able to:
- Identify triggering conditions of income tax rules which might apply in common transactions.
- Recognize the significance of the applicable income tax rules.
- Assess the degree of exposure to adverse consequences; and evaluate the potential impact.
- Strategize to prevent, manage or mitigate unintended income tax outcomes.
Who Will Benefit
Although most tax practitioners will benefit from this seminar, the seminar particularly targets individuals—not specialized in tax—who work in an environment with income tax consequences.
Prerequisite(s)
Participants enrolled in this seminar should possess a working knowledge of general corporate and personal income tax.
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)
Babar Khan has over 12 years of experience working primarily with the Big 4 Accounting firms in US and Canadian cross-border tax compliance & advisory area. Babar 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. 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.