Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
This seminar will cover various tax compliance updates for tax practitioners. The seminar instructor will guide practitioners through the latest rules and forms, with a primary focus on understanding the new mandatory disclosure rules and requirements for new trust filings. You'll also gain valuable insights into topics such as the Underused Housing Tax and intergenerational transfers. Other topics include, employee ownership trusts, changes in property flipping, and the alternative minimum tax. Additionally, the 2024 tax season will be discussed along with essential administrative updates.
Topics Include:
- Practical Implications of Mandatory Disclosure Rules: Explore how mandatory disclosure rules impact the tax planning strategies you've implemented. Understand the implications for transactions after June 21, 2023, and subsequent periods.
- New Trust Filing and Information Reporting Rules: Dive into the new trust filing and information reporting rules established by Bill C-32 on December 15, 2022. Learn how these rules affect taxation years ending after December 30, 2023.
- Introduction to the New Underused Housing Tax: Get an overview of the New Underused Housing Tax, including its initial filing requirements by October 31, 2023, and subsequent annual filing deadlines before April 30.
- Rules for New Intergenerational Transfers: Understand the rules governing intergenerational transfers and how they apply to transactions occurring on or after January 1, 2024.
- Exploring Other Topics of Interest: Delve into a range of additional topics, including New Employee Ownership Trusts (EOTs), Changes to Residential Property Flipping, and the Alternative Minimum Tax for high-income earners in Canada.
- Administrative Updates for Tax Season 2024 and Beyond: Stay up to date with essential administrative updates that will impact your tax preparations and filings in 2024 and beyond.
Schedule
- August 14, 2024, 8:30 a.m. - 12:30 p.m.
- August 15, 2024, 8:30 a.m. - 12:30 p.m.
Key Takeaways
By the end of this course, participants should be able to:
- Understand the additional trust returns and forms that will be required to be prepared in 2024, which were not completed previously.
- Grasp the practical steps for completing forms when subject to mandatory disclosure rules.
- Complete the underused housing tax forms.
- Stay up to date with matters that impact many Canadian taxpayers.
Who Will Benefit
Tax practitioners advising small to medium size corporations and individuals in Canada.
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.