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Date: October 12, 2023
Time: 8:30am – 4:30pm
Location: Hyatt Regency, Vancouver
| Eligible CPD Hours: 7 Accreditation application for CPD credits for members of the Financial Planning Standards Council and the Law Society of British Columbia will be submitted once all conference materials are finalized by the presenters. Course Fee: $425 PD Passport Valid: 12 credits |
Summary
This is a joint conference-format PD Day presented by the Society of Trust and Estate Practitioners (STEP) Vancouver branch and CPABC.
Designed especially for estate planning practitioners including professional accountants, lawyers, trust officers, and other financial professionals.
Attend this day to gain up-to-date, practical, and leading-edge estate planning information, as well as access to highly-regarded speakers covering current and relevant estate planning issues. Don’t miss out on this information packed day and on the chance to meet and network with other estate planning professionals.
Nexus Day Agenda
| Time | Event |
|---|---|
| 8:30 am - 8:45 am | Welcome and Introductory Remarks |
8:45 am - 10:00 am | Trusts & Various Reporting Rules - Where Are We Now? Rose Shawlee | Boughton Law Trustees have been inundated with compliance requirements under many different rules including income tax, LOTA, SVT, UHT and restrictions on Foreign Ownership of Canadian Real Estate. This session will provide an update on the current status of these rules as they apply to various trusts including bare trusts and "in trust for" accounts and highlight issues that must be considered |
| 10:00 am - 10:15 am | Break |
10:15 am - 11:15 am | Income Tax and Estates & Trusts Legal Update - What's Happened Since 2021? David Badalucco | Grant Thornton LLP This session will provide an overview of recent changes, highlighting income tax, estates and trusts issues of interest and providing a summary of key legislative and case law developments. |
| 11:15 am - 11:30 am | Break |
11:30 am - 12:30pm | Charitable Gifting Updates Kate Bake-Paterson | DLA Piper LLP Donor advised funds (DAFs) have been increasing in popularity over the last few years. This session will compare private foundations to DAFs and the advantages and disadvantages of each for philanthropic and estate planning. This session will also discuss certain tax issues regarding charitable gifting including how to report gifts made by will and reliance on CRA administrative policy to claim gifts by GREs before they are made and recent CRA technical interpretations. To Freeze or Not to Freeze - That is the Question! David Mueller | Deloitte LLP Estate freezes, in conjunction with the establishment of discretionary family trusts, are common estate planning tools. The freezor may be an income and capital beneficiary of the trust and may also be a sole trustee. This session will review the income tax, legal, fiduciary and other issues that need to be considered when undertaking an estate freeze transaction. |
| 12:30 pm - 1:45 pm | Lunch Break |
1:45 pm - 2:45 pm | Dual Wills vs. AET/JPT Planning - Tax and Legal Considerations Dwight Dee | Miller Thomson LLP When considering estate planning options, the use of multiple wills and joint partner/alter ego trusts are often considered in order to minimize probate fees and achieve other estate planning goals. This session will review and compare these planning options by examining their respective benefits, consequences and relevant issues, taking into account both tax and legal considerations. Death of a Taxpayer - Tax, Legal and Estate Administrative Issues Sheryne Mecklai | Manning Elliott LLP In this session, our presenters will review what happens on the death of a taxpayer from a multi-disciplinary perspective, including legal issues of interest, tax and other compliance obligations, potential estate administration complexities, post-mortem tax planning considerations, and other relevant issues. |
| 2:45 pm - 3:00 pm | Break |
3:00 pm - 4:15 pm | Notifiable/Reportable Transactions Alexander Demner | Thorsteinssons LLP This session will review the “5Ws” of and the differences between the Notifiable vs. Reportable Transactions. This session will also discuss the reporting obligations (and potential traps), the availability of the due diligence defense under both types of transactions, the hallmark requirements, the responsibility of an advisor and the potential penalties and issues that may arise for taxpayers as well as practitioners advising taxpayers. |
4:15 pm - 4:30 pm | Closing |
David Badalucco, CPA, CA. As a Partner in Grant Thornton’s Domestic Tax department, David is responsible for planning and executing tax engagements in the personal, not-for-profit and privately-held business sectors.
David has two decades of public practice experience with a full-time focus on tax matters. He has provided Family Office services, tax planning and tax compliance services to clients in private business, not-for-profit organizations and registered charities, estate planning in regard to income taxes, payroll taxes and commodity taxes such as the Goods and Services Tax and Social Services Tax.
Kate Bake-Paterson is an Associate Counsel at DLA Piper. Kate practises in the area of charities and not-for-profit organizations and has developed specialized knowledge of the legal, regulatory and operational issues faced by these entities. In her work, Kate regularly advises charities and not-for-profit organizations on a broad range of issues
Kate also assists donors with planning, documenting and implementing charitable gifts and frequently assists them in establishing donor-advised funds and private foundations. Kate speaks frequently on various topics associated with charities and not-for-profit organizations, presenting to both lawyers (at forums such as the Canadian Bar Association, BC Section, and the B.C. Continuing Legal Education Society) and other members of the charitable sector (at forums such as the Canadian Association of Gift Planners, Pacific Business & Law Institute and at events hosted by charities and not-for-organizations themselves).
Miranda Cook, CPA, CGA, TEP is a Director at RHN CPA. Through her tenure at RHN since 2014, Miranda has honed her expertise in working with owner-managed businesses and individuals, making her a trusted resource for personalized financial guidance.
In the realm of trust and estate planning, Miranda's enthusiasm goes beyond just numbers; she cares deeply about her clients' well-being and is committed to providing specialized support in handling trusts and estates. Her TEP designation makes her an invaluable asset in navigating the intricacies of estate planning. When it comes to personal tax matters, Miranda is the go-to person. With a tailored approach, she works closely with clients, understanding their unique financial situations and aspirations. Her vast knowledge and insights become an integral part of their tax strategies, empowering them to confidently navigate the complexities of tax planning. What truly sets Miranda apart is her unwavering dedication to her clients' success. Her patience, attention to detail, and personalized approach have earned her widespread appreciation.
Dwight Dee, TEP is Partner at the Vancouver office of Miller Thomson. Dwight has a business law and estates and trusts practice with a focus on private client services. Dwight works with individuals and families in the areas of estate and incapacity planning, trusts, business succession planning, and elder law matters.
Dwight also has extensive experience in all aspects of business law, particularly in the areas of capital markets, mergers and acquisitions, and public company compliance. In his private client and trusts practice, Dwight regularly assists clients with the preparation of wills, enduring powers of attorneys, family trusts, spousal trusts, and healthcare representation agreements. He also advises individuals and institutional trustees on estate and trust administration. Dwight has significant experience working with Indigenous communities in drafting and advising on settlement and community trusts. He is recognized for his exceptional client service, expert knowledge and solutions-oriented approach.
Alexander Demner, BA, JD, TEP is a partner practicing in the Vancouver office of Thorsteinssons LLP. Alexander’s practice covers several areas of taxation, including estate planning, pre-sale and divestiture structuring, owner-manager remuneration, taxpayer representation, and tax litigation.
Alexander routinely advises on and implements reorganizations for individuals, trusts, and both private and public corporations in both the domestic and international context, and has overseen the successful resolution of several complex tax litigation matters. Alexander has also developed expertise regarding the Canadian taxation of cryptocurrency, blockchain, and other digital assets. Alexander is a prolific speaker and has presented at numerous conferences, seminars, and other speaking engagements. He has also written several papers and articles on a variety of tax-related matters.
Peter Glowacki, TEP, Partner at BLG, practises primarily in the areas of wills, trusts and estates law. He works with clients in planning, while providing ongoing administration and litigation advice to settlors, will-makers, executors, trustees and beneficiaries pertaining to all aspects of inter-vivos, Indigenous, off-shore and testamentary trusts, as well as financial institutions for risk management and compliance in these matters.
Peter has a TEP designation from the Society of Trust and Estate Practitioners and was a member of its subcommittee to respond to the BC “Land Owner Transparency Act White Paper”. He is a member of the Canadian Bar Association Wills and Trusts Section and an executive member of the National Charity and Not-for-Profit Law Section. Peter participates in the planning and presentation of numerous educational sessions to professionals and various groups and associations related to wills, trusts and estates as well as charitable and not-for-profit matters. Peter is Regional Co-Leader of our Vancouver Private Client Group.
Will House is a Partner in the Vancouver office of both KPMG Law LLP and KPMG LLP. Will advises on all aspects of income tax law with a focus on corporate mergers & acquisitions, divestitures, and reorganizations.
Will works with clients across all areas and industries and has particularly significant real estate, restaurant, and green energy industry knowledge. Will provides practical advice, tailored to his clients’ business and commercial needs and is known for finding creative and innovative solutions to achieve tax-efficient results. Will is a frequent author and speaker and is recognized as an authority on corporate reorganizations, including section 55(2) “butterfly” transactions, on mergers and acquisitions, and on the mandatory disclosure rules. Will received his Juris Doctor from the University of British Columbia and was called to the British Columbia Bar in 2014.
Tina Huang, CPA, CA, TEP is the Canadian Tax Partner at BDO’s Vancouver office with over 10 years of public practice experience. She specializes in personal and corporate tax planning for privately held businesses and high-net-worth individuals, complex corporate reorganizations, purchases and sales of a business, and estate planning.
Prior to specializing in tax, Tina spent a few years providing assurance services, so she is familiar with general accounting and financial reporting concepts. Tina assists with businesses in a variety of industries including real estate, manufacturing, retail, automotive, entrepreneur tech start-ups, and professional services. She works closely with her clients to design tax-efficient plans or strategies that also align with their commercial objectives.
Areet Kaila is Tax Partner at Clark Wilson LLP where she helps individuals, businesses and tax-exempt entities plan for the future and achieve their goals while identifying and managing the tax risks.
Areet works with clients across a variety of industries, including real estate development, health and educational institutions, technology and manufacturing companies as well as charities and not-for-profit organizations. Having completed the specialized Canadian Professional Accounting In-Depth Tax Course, Areet has the foundation to identify and resolve intricate tax issues for her clients. Her goal is to navigate complex tax rules so that clients do not have to spend more time than necessary dealing with tax matters and their focus can be solely dedicated to their business.
Nancy King, CPA, CA, TEP is a Partner and Business Advisor with MNP’s Taxation Services group in the South Surrey office. Drawing on more than 25 years of experience in public practice, Nancy delivers tax services to personal, trust and private company clients.
Working closely with her clients, Nancy provides a wide range of specialized tax services to small and medium-sized organizations in a variety of industries, helping her clients to pursue attractive tax opportunities. Developing an in-depth understanding of her clients’ circumstances, Nancy delivers strong advice and strategies for corporate, trust and personal tax planning, estate and succession planning and corporate reorganizations. By learning about her clients and their businesses, Nancy provides tailored solutions to meet their unique needs and goals.
Sheryne Mecklai, CPA, CA, TEP is a partner in Manning Elliott’s Tax Department, primarily focusing on estate planning and business transition services for Canadian owner-managed businesses in a wide range of industries.
She has extensive experience working on engagements such as complex estate plans, cross border assignments and Canadian corporate, trust and personal tax compliance. Sheryne is currently a board member of the Vancouver Fireworks Festival Society and a member of the organization committee for the Vancouver Estate Planning Conference. She also served as a member of the Grants and Review Board for the Ismaili community.
David Mueller, CPA, CA is a tax partner in Deloitte Private and has 20 years of experience providing tax consulting strategies to both privately-held and publicly-owned organizations.
David has 27 years of experience, including 23 years exclusively providing tax consulting strategies to both privately-held and publicly-owned organizations. He specializes in providing timely, flexible and proactive tax planning in the areas of corporate reorganizations, estates and trusts, inter-generational transfers and partnerships that assists clients in reaching their objectives. David’s taxation experience includes clients in a wide variety of industries with a particular emphasis in Real Estate, Technology, and Investments. His experience with large real estate groups has included commercial and residential construction and development projects, sell-side and buy-side planning, land swaps, partnerships and joint ventures.
Rose Shawlee is a member of Broughton Law’s Wills & Estates and Individual Tax Planning Groups. She brings more than 15 years of experience to her practice, which is primarily focused on assisting families and businesses with their planning, succession and reorganization, estate, and business needs.
She strives to make life’s inevitabilities, death and taxes, less daunting a topic for clients while being alert to the complications these raise from a legal, family, tax, probate fee, and cost perspective. Rose is a regular contributor (as presenter, author, and editor) on topics of estate planning, estates, corporate freezes, and trusts for the Continuing Legal Education Society of BC and the Pacific Business & Law Institute. She also provides community learning seminars in respect of personal planning, estates, and business succession and tax planning.
Ingrid Tsui, TEP, Partner leads the Wills, Estates + Trusts practice group at Alexander Holburn Beaudin + Lang LLP. She advises clients regarding estate planning and estate administration, including wills, trusts, incapacity planning and other tools to achieve effective estate planning results.
Ingrid also leads the firm’s Charities + Non-Profit practice group, assisting charities and non-profit organizations in all aspects of their operations and governance. Ingrid is a member of the firm’s Business Law group and acts as general corporate counsel for businesses of all sizes. Ingrid regularly updates a chapter of the CLE Probate Practice Manual and the annotated Power of Attorney Act. She holds a TEP designation, is a member of the Estate Planning Council of Vancouver, and has written and lectured on a wide variety of estate planning and corporate topics for both legal and non-legal audiences. She has been selected by her peers for inclusion in Best Lawyers in Canada in the area of Trusts and Estates.