Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
Understanding the Capital Dividend Account (CDA), tax-free distribution mechanisms, election processes under subsection 83(2), components of the CDA, late-filed elections, calculating CDA balances, handling excessive elections, special rules for amalgamations and wind-ups, and anti-avoidance provisions.
Attend this course and gain expertise in managing capital dividends, ensuring tax-free distributions, and complying with CRA regulations. You will also enhance your ability to advise clients effectively, avoid costly errors, and optimize tax strategies for private corporations.
Topics Include:
- Detailed understanding of the Capital Dividend Account (CDA)
- Step-by-step guide to filing capital dividend elections
- Methods for accurately calculating CDA balances
- Strategies for handling excessive elections and avoiding penalties
- Overview of special rules for corporate amalgamations and wind-ups
- Anti-avoidance rules and their application in dividend planning
- Best practices for ensuring compliance with CRA regulations
Key Takeaways
By the end of this course, participants will be able to:
- Understand the structure and purpose of the Capital Dividend Account (CDA).
- Identify tax-free components that contribute to the CDA.
- Execute and file elections under subsection 83(2).
- Calculate accurate CDA balances.
- Manage excessive elections and avoid additional taxes.
- Apply special rules for amalgamations and wind-ups.
- Implement anti-avoidance strategies.
Who Will Benefit
This course is designed for CPA tax professionals that are advising small to medium size businesses with tax planning and consulting.
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)
Affan Khalid has over 15 years of public experience and provides international tax advice to Canadian and foreign-based multi-nationals with a focus on inbound and outbound tax planning and structuring, including financing structures, acquisitions and dispositions, tax due diligence, reorganizations, and repatriation strategies. He obtained his BBA from the University of Toronto and has completed the in-depth international course and in-depth tax program.