Date: October 26, 2021
Time: 8:30am – 4:30pm
Location: Virtual Conference via Zoom
|Eligible CPD Hours: 7|
(Special discounted pricing)
PD Passport Valid: 12 credits
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.
Virtual Nexus Day Agenda
|8:30 am - 8:45 am||Welcome and Introductory Remarks|
8:45 am - 10:00 am
Recent Developments of Interest in Tax and Estate Planning
Dwight Dee | Partner, Private Client Services and Business Law, Miller Thomson LLP
We will review recent tax and legal developments of interest including Bill C-208, trust reporting rules, and budget updates as well as recent trends in estate and personal planning as a result of the impact of COVID-19.
|10:00 am - 10:15 am||Break|
10:15 am - 11:15 am
Best Practices in Estate Freezes/Refreezes
We will review advanced technical issues and practice points relating to estate freezes and refreezes that are not commonly understood.
Time to Pay the Piper: Strategies for the 21 Year Deemed Disposition
The proliferation of family trusts as a tax planning tool in the early 2000s means that many trusts are rushing toward their 21 year deemed disposition date. We will discuss current strategies to plan for and mitigate the effects of the rule, ranging from common to lesser known. We will also discuss risks and traps inherent in various approaches.
|11:15 am - 11:30 am||Break|
11:30 am - 12:30pm
Leaving Canada – When you, a family member or money move away
This session will discuss the Canadian tax implications of emigrating from Canada owing various types of assets such as real estate, shares of a private company or a discretionary interest in a family trust. We will also discuss the practical issues of posting security (including shares of a private company) with the CRA as well as what estate planning should be done if the assets are owned at the date of death.
Trust, Estate, and Family Law Issues of Interest
We will highlight recent trust, estate and family law issues of interest and provide a summary of key legislative and judicial developments of relevance.
|12:30 pm - 1:45 pm||Lunch Break|
1:45 pm - 2:45 pm
Life Insurance Planning Update
In this session Chris and Warren will use a number of real=life examples to review planning opportunities with life insurance, including transfers of policies, leveraging, charitable gifting, planning with life insurance shares, and other insurance opportunities for private company clients.
Probate Fee Planning
This presentation will identify current approaches to probate fee planning (including multiple wills, joint ownership, beneficiary designations and inter vivos trust planning) and discuss some of the benefits, consequences, risks and issues associated with each approach.
|2:45 pm - 3:00 pm||Break|
3:00 pm - 4:15 pm
Planning in a Transparent World
Transparency of beneficial ownership is here to stay. This session will provide an overview of the transparency initiatives and the types of planning affected by them. We will provide some direction on best practices for advising clients, drafting considerations and the practical challenges of implementing plans affected by the new transparency requirements.
4:15 pm - 4:30 pm
David Badalucco is a partner in Grant Thornton’s Tax Department. David’s practice is focused on tax, succession and estate planning solutions for privately-held businesses and their shareholders.
He is a member of Grant Thornton’s Succession and Estate tax practice in Vancouver and participates in the National Succession and Estate Planning team which brings together the expertise of professionals across our firm to ensure clients receive cutting-edge, effective, yet practical solutions.
Warren Campbell, TEP, CLU, CFP is an owner and Continuity Advisor at Cove Continuity Advisors Inc. His expertise lies in his in-depth understanding of the technical elements of insurance contracts and insurable risk planning for family enterprises.
His role at Cove will be to provide technical analysis and planning for all of Cove’s clients as well as for external collaborating insurance advisors and their clients. Warren has a wealth of industry knowledge and experience from working with one of Canada’s top insurance marketing firms for 20 years. His primary role was to provide consultation and recommendations on insurance policies and structures to advisors and their high net worth clientele across Canada.
Dwight Dee is a partner in the private client services and business law groups at Miller Thomson LLP. Dwight works with individuals and families in the areas of estate and incapacity planning, trusts, succession planning and elder law matters.
He advises individuals and institutional trustees on estate and trust administration. Dwight also has extensive experience in all aspects of business law. Dwight is a member of the executive of the Vancouver branch of STEP, serving in the role as secretary.
Geeta Gill, Connect Family Law. Geeta joined Connect Family Law in October 2020. She is an accredited Parenting Coordinator, Family Law Arbitrator, Family Law Mediator, and qualified Collaborative Divorce practitioner.
Geeta graduated from the University of British Columbia in 1999 with a Bachelor of Arts, majoring in Psychology, and received her LL.B. from UBC in 2003. She was called to the BC Bar in 2004.
Geeta practiced in the areas of Civil Litigation and Family Law until the fall of 2008, at which time she began practicing exclusively in the area of family law and has done so ever since.
Geeta has been a member of the BC Parenting Coordinator’s Roster Society since Spring 2016 and recently ended a 2-year term on its Board of Directors. She is also a member of the Collaborative Divorce Vancouver group. Outsider of her practice, Geeta loves to travel which she has missed during the pandemic, but she keeps herself busy trying to keep up with her teenage daughter and a demanding toddler.
Roque Hsieh is a partner in KPMG’s Financial Institutions and Real Estate tax services practice, with over 25 years’ experience advising Canadian and foreign corporations in structuring and financing real estate investments and development projects.
Roque specializes in the area of in-bound investments into Canadian real estate, including the acquisition of real estate holdings as well as the undertaking of real estate development projects. He has considerable experience with non-resident tax issues including in-bound/out-bound business investments, dispositions of Canadian properties, immigration, emigration and the use of Canadian and foreign trusts for estate and family planning. He has published numerous articles and delivered presentations at industry leading venues, including the Canadian Tax Foundation Annual Tax Conference, the BC Tax Conference, and CPA Canada. Roque is a currently a Director and the Treasurer of the Urban Development Institute.
Fiona Hunter is a partner at Horne Coupar LLP, named one of Canada's Top Trusts & Estates Law Boutiques by Canadian Lawyer. Fiona practices exclusively in estate planning with an emphasis on trusts, and acts as a mediator in estate litigation.
Fiona authors the Canadian edition of Drafting Trusts and Will Trusts in Canada (LexisNexis Canada 2020, 5th ed), and is a contributor to and on the editorial board of British Columbia Estate Planning and Wealth Preservation (CLEBC). She also authors an online wills practice resource for LexisNexis and has been qualified as an expert in the area of trust law by the Supreme Court of BC. As a former Assistant Adjunct Professor at the University of Victoria, she taught the Succession course at the Faculty of Law, and continues to speak at conferences across Canada on the subject of trusts. Fiona has served as a director on the boards of BCLI, Victoria Hospital Foundation, the University of Victoria Foundation and the board of the Art Gallery of Victoria. She is a member of the CBA, the International Society of Estate and Trust Practitioners (STEP) and the Estate Planning Councils of Victoria and Canada. Fiona has been recognized by her peers for inclusion in the Best Lawyers in Canada since 2008 and has twice been named ‘Lawyer of the Year’ (most recently in 2019) for Vancouver Island region in the area of estate planning. In 2021, she was recognized as ‘volunteer of the year’ by the Vancouver Branch of STEP.
Chris Ireland, CPA, CA, TEP is Senior Vice-President, Planning Services with responsibility for PPI Advisory’s national planning services team which provides advanced professional expertise and support in financial, estate and succession planning.
He joined PPI in 2003 with over 20 years of experience in tax, estate and trust planning including several yeas as a Tax Partner in the Vancouver office of an international accounting firm. He received his Bachelor of Commerce from the University of British Columbia and is a CPA, CA and TEP. Chris has taught and coordinated the CPA Canada specialized tax course, “Advanced Tax for the Owner Managed Business” and has written extensively in the area of tax planning and wealth preservation. Chris is a member of the Conference for Advanced Life Underwriting (CALU), the Canadian Tax Foundation (CTF) and the Society of Trust and Estate Practitioners (STEP). He is the former chair of the STEP Vancouver branch and is currently on board of STEP Canada. Chris is a frequent speaker at tax conferences and professional industry meetings.
Barbara Janzen is an associate counsel with Lindsay Kenney LLP. She has over 20 years of experience advising clients on estate and trust planning, incapacity planning, business succession, and estate and trust administration matters.
Barbara advises executors, administrators, trustees and beneficiaries regarding estate and trust administration matters. She has extensive experience in all areas of estate administration, including informing executors, administrators and trustees of their duties and powers, and beneficiaries of their rights, and obtaining and resealing grants of probate and administration. She frequently deals with multi-jurisdictional issues such as foreign assets, non-Canadian beneficiaries and conflicts of law, and with complex assets including digital assets and business interests. Barbara also assists clients by crafting estate plans that meet their unique circumstances and goals and include the preparation of wills, powers of attorney, representation agreements for health care, and alter ego, joint partner and family trusts. Barbara is a past Chair of the Vancouver Branch of STEP, and was part of the team that received the 2016 STEP Global Private Client Legal Team of the Year (midsize firm) award.
Kate Marples, BA, LLB, TEP, Partner, KPMG Law LLP. With over 15 years of experience in tax-focused estate and trust planning, Kate works closely with clients to design and implement comprehensive estate and trust plans that are built around each client’s specific family circumstances while also focusing on their financial and tax-driven goals.
Kate’s practice focuses on the areas of estate planning, personal and corporate tax planning and charities. Kate is a frequent speaker and author for the Canadian Tax Foundation, the Society of Trust and Estate Practitioners, Continuing Legal Education of BC and Pacific Business & Law Institute.
Sheryne Mecklai, CPA, CA, TEP, Sheryne is a partner in Manning Elliott’s Tax Department, primarily focusing on estate planning and business succession services for Canadian owner-managed business 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. After obtaining her Bachelor of Business Administration from Simon Fraser University, Sheryne began her accounting career as an articling student with a local mid-sized accounting firm. She attained her CA designation from the Institute of Chartered Accountants of British Columbia in 2002. Before joining Manning Elliott in January 2014, Sheryne worked as a Senior Tax Manager for an international accounting firm. Sheryne has always had an interest in teaching new tax practitioners and students. She has been involved in the CPA In-Depth Tax Course as a tutor for a number of years and now as a lecturer. Sheryne also teaches various seminars for the CPABC in the professional development program. Sheryne has spoken at a variety of internal and external tax update sessions focusing on private businesses and the issues and changes they face daily.
Alison Oxtoby is the founder of the boutique Okanagan law firm of Balmains Law Corporation, where she works primarily in the areas of trusts, estates and corporate law.
She is a frequent presenter for a variety of professional organizations, including the Canadian Bar Association, Continuing Legal Education and STEP Canada. She is also an active member of the legal community, having served in many roles over almost 25 years of practice, including as an executive member of the CBA BC Branch, on the Judicial Advisory Committee of BC, and as Chair of her local chapter of STEP.
David Thompson, Thorsteinssons LLP. David has practiced exclusively in taxation matters since 1985. He is a STEP member and he was a governor of the Canadian Tax Foundation.
He is noted as a leading Canadian tax lawyer and trust lawyer based on peer-review ratings in The Best Lawyers in Canada.
Richard Weiland, TEP is a partner with Clark Wilson LLP practicing in the areas of tax, estates and trusts. His practice has an emphasis on advising business owners and families on tax and estate matters.
Richard has served as adjunct professor teaching Taxation of Trusts and Estates at the Peter A. Allard School of Law at UBC, and has authored chapters for publications by CLEBC on planning and administration issues. He lives in Burnaby with his spouse and 3 teenage sons, and enjoys getting outside to run, cycle and snowboard.
Geoffrey W. White, Estate Counsel for Clark Wilson LLP, Vancouver & Kelowna. Geoffrey has 25+ years of expertise in Will, Estate and Trust matters. He assists clients both at his “heritage” office in Kelowna and as counsel with Clark Wilson LLP in downtown Vancouver.
Geoff is an editor of BC’s Probate & Estate Administration Practice Manual, which is acknowledged as the primary source for all estate matters in the province, and he helped to design the lawyer education programs for BC’s Wills, Estate and Succession Act, which took effect in 2014. He has litigated estate and trust matters at all levels of court including the BC Court of Appeal and Supreme Court of Canada. These matters include: discretionary trusts, multiple wills, removal of an executor, and international conflict of laws. He is the past chair of the BC Law Foundation and has held leadership roles with national Canadian Bar Association, the Society of Estate and Trust Practitioners, and Estate Planning Societies.
Hugh Woolley, CPA, CA, TEP, Lewis & Company. Hugh is a former CRA Ruling's Officer who has authored ten papers for the Canadian Tax Foundation's British Columbia Tax Conference as well as papers for the Canadian Tax Foundation's National Tax Conference and STEP Canada's National Conference.
Hugh has taught income tax for CPABC (and its predecessor organizations) for 30 years and is currently a Governor of the Canadian Tax Foundation.
Ian Worland, BA, LLB, TEP, Legacy Tax + Trust Lawyers. Ian advises clients in personal and corporate tax planning, corporate reorganizations, estate planning, charitable gift planning and international tax and trust planning.
This work also includes advising clients on tax issues arising in connection with the acquisition or sale of a business, divorce, separation, variations of trusts and wills, and flow-through share financings. Ian also represents clients in disputes with the Canada Revenue Agency and the Ministry of Provincial Revenue (B.C.) and has appeared on behalf of clients in courts of all levels including the Canadian International Trade Tribunal, the Tax Court of Canada, the Supreme Court of British Columbia, the Federal Court – Trial Division, the Federal Court of Appeal and the Supreme Court of Canada.
Ian has been a member of the Society of Trust and Estate Practitioners (STEP) since 2002 and was a member of the board of directors of STEP Canada from 2007 to 2017, serving as Chair of STEP Canada from 2013 to 2015