Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
Participants will learn to recognize common transactions that can unintentionally trigger adverse Canadian income tax results and how to spot the precursors that lead to those outcomes. Participants will practice preventing, managing, and mitigating these issues by understanding the underlying rules and applying practical planning strategies.
Topics include:
- Small business deduction impediments: specified corporate income, association (including family trusts), taxable capital, specified investment business Adjusted Aggregate Investment Income interactions.
- Inter‑corporate dividends and subsection 55(2): asset removals before share sales, division of assets among siblings, prevention techniques, and related tax exposures.
- Individuals selling shares to non‑arm’s‑length corporations: section 84.1 considerations, intergenerational business transfers, and selected administrative positions.
- Family income splitting: dividends paid to family shareholders and TOSI, and corporate attribution (s.74.4) implications.
- Stop‑loss rules frequently encountered: affiliated‑person stop-loss rules, dividend stop‑loss, ABIL‑related rules (incl. ss.50(1) and debt‑forgiveness interactions), and effects of an acquisition of control on losses.
- Other consequences to avoid: GRIP and CDA calculations/timing, multi‑jurisdictional taxpayer issues, principal residence exemption pitfalls, non‑resident services in Canada, and bare trust reporting.
NOTE: This course description has been revised and reflects updates for 2026. If you have any questions, please contact pdevents@cpaontario.ca.
Schedule
- December 14, 2026, 1:00 a.m. - 5:00 p.m.
- December 15, 2026, 1:00 a.m. - 5:00 p.m.
Key Takeaways
By the end of this course, participants should be able to:
- Identify triggering conditions in common transactions that can produce unfavourable tax consequences.
- Explain the significance of the applicable income tax rules and assess the degree of exposure.
- Evaluate potential impacts and develop prevention, management, or mitigation strategies.
- Apply a structured approach to recognizing warning signs and documenting responses.
Who Will Benefit
- Practitioners who encounter income tax consequences in their work but are not tax specialists.
- Public practice and industry professionals seeking practical tools to anticipate and mitigate adverse tax outcomes.
Prerequisite(s)
- Working knowledge of general corporate and personal income tax.
- Experience with basic planning concepts for private corporations (recommended).
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.