Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
This course highlights the manner in which partnerships and their partners are taxed, with reference to the relevant statutory provisions, case law and CRA administrative positions. The course provides participants an overview of the “what” and “why” issues in preparing returns and prepares participants to better advise clients with or considering partnership structures.
Partnerships are commonly used business vehicles/structures; however, the taxation of partnerships and their partners is quite different from that of corporations and their shareholders. Accountants who regularly advise business owners should be aware of how these taxation rules differ from their clients in corporate structures in order to advise clients with or considering partnership structures.
Topics Include:
- Creating legally effective partnerships
- Tax treatment of income and losses
- Calculation of ACB of partnership interests
- Transferring property to partnerships
- Dissolving partnerships
- At-risk rules and their impact on income, losses and ACB
- GST and partnerships
NOTE: No updates or changes were made to the 2025 version of this course. If you completed the course in 2024, please be advised the 2025 course material has not changed. If you have any questions, please contact pdevents@cpaontario.ca.
Other Available Sessions
Schedule
- November 10, 2025, 1:00 p.m. - 5:00 p.m.
- November 17, 2025, 1:00 p.m. - 5:00 p.m.
Key Takeaways
By the end of this course, participants will be able to:
- Describe tax concepts and rules applicable to partnerships.
- Analyze the computation of partnership income and partnership ACB.
- Identify potential planning opportunities or traps for members of partnerships.
Who Will Benefit
Accountants who prepare partnership returns or who advise clients that use partnerships.
Prerequisite(s)
Participants should have a working knowledge of the income tax and GST rules applicable to individuals and corporations.
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)
Alex Garber, CPA, CA, MTax has been in public practice since 2004, focusing primarily on income taxation for Canadian owner-managed businesses and their shareholders. Alex also teaches at York University, at the CPA Canada In-Depth Tax Course and at the PEP program for aspiring CPA students. Alex started his career at Deloitte and he's currently working at Fuller Landau LLP in Toronto.