Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
This comprehensive course equips participants with essential knowledge and practical skills required for effective tax planning and implementation. The course begins with an overview of capital gains, focusing on the latest 2024 Federal Budget changes to capital gains treatment and their implications for tax planning. Participants will delve into the criteria for qualifying for the Lifetime Capital Gains Exemption, learning how to preserve and maximize this benefit through strategic planning and purification tactics.
The course also covers estate freeze techniques, offering a thorough understanding of the concept, practical steps for implementation, and considerations for various assets, including family cottages and private company shares.
Furthermore, the course provides a detailed examination of Section 85(1) of the Income Tax Act, illustrating its applications in different scenarios such as incorporating a sole proprietorship, investments, and family succession planning. Practical examples and case studies will be used throughout to ensure that participants can apply learned strategies effectively, ensuring compliance and avoiding punitive tax provisions. By the end of the course, participants will have a robust understanding of income tax reorganizations and be equipped to implement practical plans in various real-world contexts.
Topics Include:
| Module | Topics |
|---|---|
| Module 1: Overview of Capital Gains |
|
| Module 2: Lifetime Capital Gains Exemption |
|
| Module 3: The Estate Freeze |
|
| Module 4: Reorganization Provision – S.85(1) |
|
Other Available Sessions
- Session for January 29 (2025) available here.
Schedule
- December 17, 2024, 8:30 a.m. - 12:30 p.m.
- December 18, 2024, 8:30 a.m. - 12:30 p.m.
Key Takeaways
Upon completing this course, you will be able to:
- Grasp the significant 2024 Federal Budget changes affecting capital gains treatment and their implications for tax planning.
- Learn the criteria for qualifying for the Lifetime Capital Gains Exemption and explore strategies to preserve and maximize this benefit, including purification tactics.
- Implementing Estate Freeze Techniques: Understanding the concept of an estate freeze, practical steps to implement it, and considerations for various assets like family cottages and private company shares.
- Understand the intricacies of Section 85(1) of the Income Tax Act and its applications in various scenarios, such as incorporating a sole proprietorship, investments, and family succession planning, supported by practical examples.
- Apply learned strategies through practical examples and case studies, ensuring compliance and avoiding punitive tax provisions in the Income Tax Act, with a focus on careful planning and execution.
Who Will Benefit
This course is designed for employees and partners of public accounting firms, business owners, and financial advisors seeking to enhance their tax planning skills.
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)
Haroon Khan is an experienced tax professional, having served over 14 years at the world’s leading accounting firms, including the Big 4, as Senior Tax Manager and Tax Partner. Haroon obtained his Bachelor of Business Administration degree from the University of Toronto before qualifying as a CPA, CA in Canada and as a U.S. CPA in the State of Illinois. He has also completed all three parts of CPA Canada’s In-Depth Tax Program. He co-founded multiple start-ups, these ventures have allowed him to assist over 100,000 professionals across Canada, the US, and internationally.