Income Tax - Consequences to Avoid (Live Webinar - Multi Segment)
Overview
Participants will learn to recognize common transactions that can unintentionally trigger adverse Canadian income tax results and how to spot the precursors that lead to those outcomes. Participants will practice preventing, managing, and mitigating these issues by understanding the underlying rules and applying practical planning strategies.
|
This course has offering(s) that take place over multiple segments: |
Applicable for
- Practitioners who encounter income tax consequences in their work but are not tax specialists.
- Public practice and industry professionals seeking practical tools to anticipate and mitigate adverse tax outcomes.
Learning Objectives
- Identify triggering conditions in common transactions that can produce unfavourable tax consequences.
- Explain the significance of the applicable income tax rules and assess the degree of exposure.
- Evaluate potential impacts and develop prevention, management, or mitigation strategies.
- Apply a structured approach to recognizing warning signs and documenting responses.
Content
- Small business deduction impediments: specified corporate income, association (including family trusts), taxable capital, specified investment business Adjusted Aggregate Investment Income interactions.
- Inter-corporate dividends and subsection 55(2): asset removals before share sales, division of assets among siblings, prevention techniques, and related tax exposures.
- Individuals selling shares to non-arm’s-length corporations: section 84.1 considerations, intergenerational business transfers, and selected administrative positions.
- Family income splitting: dividends paid to family shareholders and TOSI, and corporate attribution (s.74.4) implications.
- Stop-loss rules frequently encountered: affiliated-person stop-loss rules, dividend stop-loss, ABIL-related rules (incl. ss.50(1) and debt-forgiveness interactions), and effects of an acquisition of control on losses.
- Other consequences to avoid: GRIP and CDA calculations/timing, multi-jurisdictional taxpayer issues, principal residence exemption pitfalls, non-resident services in Canada, and bare trust reporting.
Course Dates & Registration
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Jennifer Reid, CPA, CGA, TEP is a Partner in People Advisory Services Tax at EY in Calgary. Jennifer specializes in assisting private clients with international tax and estate planning issues such as immigration and emigration, dual citizenship considerations, foreign inheritance and foreign investment and asset ownership. Jennifer also assists in designing meaningful executive compensation plans where cross border considerations are front of mind. Jennifer has practiced tax services in Calgary for over 16 years, with a focus on private companies and their owners, as well as trusts and estates. She has experience assisting clients in planning their estate, including considerations such as insurance, trust and probate planning, cross-border planning as well as in transitioning businesses to the next generation or new owners in a tax-efficient manner. Jennifer’s previous experience in Big Four and boutique tax groups, as well as unique experience gained in leading a wealth planning group at a financial institution, allows her to take a holistic approach to tax planning for entrepreneurial and high net worth clients. Jennifer Reid, CPA, CGA, TEP is a Partner in People Advisory Services Tax at EY in Calgary. Jennifer specializes in assisting private clients with international tax and estate planning issues such as immigration and emigration, dual citizenship considerations, foreign inheritance and foreign investment and asset ownership. Jennifer also assists in designing meaningful executive compensation plans where cross border considerations are front of mind. Jennifer has practiced tax services in Calgary for over 16 years, with a focus on private companies and their owners, as well as trusts and estates. She has experience assisting clients in planning their estate, including considerations such as insurance, trust and probate planning, cross-border planning as well as in transitioning businesses to the next generation or new owners in a tax-efficient manner. Jennifer’s previous experience in Big Four and boutique tax groups, as well as unique experience gained in leading a wealth planning group at a financial institution, allows her to take a holistic approach to tax planning for entrepreneurial and high net worth clients.Improving Your Virtual Learning Experience
Live webinars have varying levels of expected interaction, with some requiring microphone and camera capabilities to support a proper learning experience – please email pdreg@bccpa.ca if you have concerns.
In general, we encourage participants to have their cameras turned on to enhance their virtual learning experience. This practice promotes a stronger connection with the instructor and fellow participants, and fosters improved communication and collaboration.
Live Webinar FAQs can be found here.
Registration terms and conditions, including the cancellation policy can be found here. If you require further assistance, please contact the PD Department.
- 7
- CPD Hours
- 0
- Ethics Hours
- 0
- AML Hours
- 10
- Credits
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.
Income Tax - Consequences to Avoid (Live Webinar - Multi Segment)
- 7
- CPD Hours
- 0
- Ethics Hours
- 0
- AML Hours
- 10
- Credits
Overview
Participants will learn to recognize common transactions that can unintentionally trigger adverse Canadian income tax results and how to spot the precursors that lead to those outcomes. Participants will practice preventing, managing, and mitigating these issues by understanding the underlying rules and applying practical planning strategies.
|
This course has offering(s) that take place over multiple segments: |
Applicable for
- Practitioners who encounter income tax consequences in their work but are not tax specialists.
- Public practice and industry professionals seeking practical tools to anticipate and mitigate adverse tax outcomes.
Learning Objectives
- Identify triggering conditions in common transactions that can produce unfavourable tax consequences.
- Explain the significance of the applicable income tax rules and assess the degree of exposure.
- Evaluate potential impacts and develop prevention, management, or mitigation strategies.
- Apply a structured approach to recognizing warning signs and documenting responses.
Content
- Small business deduction impediments: specified corporate income, association (including family trusts), taxable capital, specified investment business Adjusted Aggregate Investment Income interactions.
- Inter-corporate dividends and subsection 55(2): asset removals before share sales, division of assets among siblings, prevention techniques, and related tax exposures.
- Individuals selling shares to non-arm’s-length corporations: section 84.1 considerations, intergenerational business transfers, and selected administrative positions.
- Family income splitting: dividends paid to family shareholders and TOSI, and corporate attribution (s.74.4) implications.
- Stop-loss rules frequently encountered: affiliated-person stop-loss rules, dividend stop-loss, ABIL-related rules (incl. ss.50(1) and debt-forgiveness interactions), and effects of an acquisition of control on losses.
- Other consequences to avoid: GRIP and CDA calculations/timing, multi-jurisdictional taxpayer issues, principal residence exemption pitfalls, non-resident services in Canada, and bare trust reporting.
Course Dates & Registration
Jennifer Reid, CPA, CGA, TEP is a Partner in People Advisory Services Tax at EY in Calgary. Jennifer specializes in assisting private clients with international tax and estate planning issues such as immigration and emigration, dual citizenship considerations, foreign inheritance and foreign investment and asset ownership. Jennifer also assists in designing meaningful executive compensation plans where cross border considerations are front of mind. Jennifer has practiced tax services in Calgary for over 16 years, with a focus on private companies and their owners, as well as trusts and estates. She has experience assisting clients in planning their estate, including considerations such as insurance, trust and probate planning, cross-border planning as well as in transitioning businesses to the next generation or new owners in a tax-efficient manner. Jennifer’s previous experience in Big Four and boutique tax groups, as well as unique experience gained in leading a wealth planning group at a financial institution, allows her to take a holistic approach to tax planning for entrepreneurial and high net worth clients. Jennifer Reid, CPA, CGA, TEP is a Partner in People Advisory Services Tax at EY in Calgary. Jennifer specializes in assisting private clients with international tax and estate planning issues such as immigration and emigration, dual citizenship considerations, foreign inheritance and foreign investment and asset ownership. Jennifer also assists in designing meaningful executive compensation plans where cross border considerations are front of mind. Jennifer has practiced tax services in Calgary for over 16 years, with a focus on private companies and their owners, as well as trusts and estates. She has experience assisting clients in planning their estate, including considerations such as insurance, trust and probate planning, cross-border planning as well as in transitioning businesses to the next generation or new owners in a tax-efficient manner. Jennifer’s previous experience in Big Four and boutique tax groups, as well as unique experience gained in leading a wealth planning group at a financial institution, allows her to take a holistic approach to tax planning for entrepreneurial and high net worth clients.Improving Your Virtual Learning Experience
Live webinars have varying levels of expected interaction, with some requiring microphone and camera capabilities to support a proper learning experience – please email pdreg@bccpa.ca if you have concerns.
In general, we encourage participants to have their cameras turned on to enhance their virtual learning experience. This practice promotes a stronger connection with the instructor and fellow participants, and fosters improved communication and collaboration.
Live Webinar FAQs can be found here.
Registration terms and conditions, including the cancellation policy can be found here. If you require further assistance, please contact the PD Department.
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.