|Level||Introductory to Intermediate|
|Instructor(s)||TAYLOR, ANDREW, OSTRY, MARK, LAMMI, DENISE|
General corporate and personal income tax knowledge.
Families that function as a single economic unit can benefit from tax savings if income can be taxed in the hands of lower-income family members. This is referred to as income splitting. The Income Tax Act contains several measures related to income splitting, and while some are permissive, most are restrictive. The latest of these, the new “tax on split income” (TOSI) rules are effective commencing 2018, and their implications are far-reaching and punitive. Consequently, many former structures and plans will no longer achieve the intended results and may trigger adverse income tax consequences. Further, some situations may be caught when income splitting was not an objective. This half-day seminar covers the tax benefits of income splitting, a detailed review of relevant income tax legislation, and an overview of remaining opportunities to accomplish income splitting. It also covers suggestions and planning to manage, mitigate and restructure with a view to the TOSI rules.
Who Should Attend
Practitioners with a basic knowledge of income tax, who advise individuals, professionals or business owners on matters related to income splitting.
introduction to income splitting
rules that restrict or impede income splitting
attribution; tax on split income (TOSI); reasonableness
rules that permit income splitting
CPP splitting; spousal RRSPs; split pension rules and implications; RESPs; transfers for fair market consideration; FMV loans
income splitting strategies
former strategies that still work; new strategies to consider; former structures that need revision and planning ideas; suggestions to manage and mitigate for recent TOSI development
Seminar Leader to be drawn from
Denise Lammi, CPA, CA
Mark Ostry, CPA, CGA
Andrew Taylor, CPA, CA
Note - location changes:
NOTE: Our registration system will be undergoing maintenance, and will not be available Friday January 18, 2019, from 5:00 pm until approximately 9:00 pm.
|T82012I_SU||Sheraton Guildford Hotel||Surrey||Jan 28 2019 9:00am - 12:30pm|
|T82012J_VA||Sutton Place Hotel||Vancouver||Jan 30 2019 9:00am - 12:30pm|