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Taxation

Safe Income: An Update In Light of the New CRA Positions (On-Demand - CPABC)

DELIVERY FORMAT
Online On-Demand
SEMINAR TYPE
PD Seminar

Overview

This session will cover the latest developments on the interpretation of subsection 55(2) of the Income Tax Act with a focus on safe income. The CRA recently presented a position paper on safe income at the 2023 CTF Annual Tax Conference which included a number of updates to CRA administrative positions.

 
Access expires 180 days from purchase date

Content

This session will also provide an overview of subsection 55(2), with a focus on the latest CRA administrative positions and will provide practical examples that illustrate the new positions and highlight potential traps. By the end of the session, participants will have an understanding of the latest CRA positions on safe income, the concept of safe income on hand, and the allocation of safe income following selected examples involving corporate reorganizations.

Course Content Created: March 2025

The information is current as of the creation or last updated date. While we strive to keep our inventory updated and periodically remove outdated titles, changes in accounting, tax, legislation and technology may occur. Purchasers should note the date and verify for themselves if the course is still relevant to their needs.

Presenters

Paul Cormack
Eivan Sulaiman

About This Product

CPABC On-Demand Courses offer self-paced learning through recorded sessions from previously delivered live seminars. Where available, accompanying materials such as handouts or course notes are included. On-demand courses are eligible for verifiable CPD hours upon successful completion, and a certificate will be made available for download for your records.

Please note that not all on-demand courses include downloadable materials such as handouts, course notes or presentation slides.

How to get started

After completing your purchase, go to mylms.bccpa.ca. Log in using your CPABC Online Services credentials. Click Go to Your Courses and Materials to access your Learning Center. Select your course title to begin.

Course Dates & Registration

Available on-demand. 180-day access from purchase date.
Available
Available on-demand. 180-day access from purchase date.
Past
Available on-demand. 180-day access from purchase date.
Past
Available on-demand. 180-day access from purchase date.
Past
Level up with CPA PRO. Designed by the CPA profession for CPAs, these courses help you adapt to industry changes and advance your career with the latest industry content delivered in a way that works
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Course Details
Cost
$90
Members
$100
Non-Members
Eligible Hours
1.5
CPD Hours
0
Ethics Hours
0
AML Hours
Passport
2
Credits
Special Notes
Access to all paid on-demand learning courses will be for 180 days from the date of purchase. Please disregard any reference to the dates of either August 31 or March 31 which is for internal purposes only.

Starting April 1, 2026, a 2.1% fee will be applied to all credit card transactions. Learn more about this fee and how it relates to PD registrations.

Taxation

Safe Income: An Update In Light of the New CRA Positions (On-Demand - CPABC)

DELIVERY FORMAT
Online On-Demand
SEMINAR TYPE
PD Seminar
Course Details
Cost
$90
Members
$100
Non-Members
Eligible Hours
1.5
CPD Hours
0
Ethics Hours
0
AML Hours
Passport
2
Credits

Overview

This session will cover the latest developments on the interpretation of subsection 55(2) of the Income Tax Act with a focus on safe income. The CRA recently presented a position paper on safe income at the 2023 CTF Annual Tax Conference which included a number of updates to CRA administrative positions.

 
Access expires 180 days from purchase date

Content

This session will also provide an overview of subsection 55(2), with a focus on the latest CRA administrative positions and will provide practical examples that illustrate the new positions and highlight potential traps. By the end of the session, participants will have an understanding of the latest CRA positions on safe income, the concept of safe income on hand, and the allocation of safe income following selected examples involving corporate reorganizations.

Course Content Created: March 2025

The information is current as of the creation or last updated date. While we strive to keep our inventory updated and periodically remove outdated titles, changes in accounting, tax, legislation and technology may occur. Purchasers should note the date and verify for themselves if the course is still relevant to their needs.

Presenters

Paul Cormack
Eivan Sulaiman

About This Product

CPABC On-Demand Courses offer self-paced learning through recorded sessions from previously delivered live seminars. Where available, accompanying materials such as handouts or course notes are included. On-demand courses are eligible for verifiable CPD hours upon successful completion, and a certificate will be made available for download for your records.

Please note that not all on-demand courses include downloadable materials such as handouts, course notes or presentation slides.

How to get started

After completing your purchase, go to mylms.bccpa.ca. Log in using your CPABC Online Services credentials. Click Go to Your Courses and Materials to access your Learning Center. Select your course title to begin.

Course Dates & Registration

Available on-demand. 180-day access from purchase date.
Available
Available on-demand. 180-day access from purchase date.
Past
Available on-demand. 180-day access from purchase date.
Past
Available on-demand. 180-day access from purchase date.
Past
Special Notes
Access to all paid on-demand learning courses will be for 180 days from the date of purchase. Please disregard any reference to the dates of either August 31 or March 31 which is for internal purposes only.

Starting April 1, 2026, a 2.1% fee will be applied to all credit card transactions. Learn more about this fee and how it relates to PD registrations.

Level up with CPA PRO. Designed by the CPA profession for CPAs, these courses help you adapt to industry changes and advance your career with the latest industry content delivered in a way that works
PLDP Wordmark