This course provides an insightful overview of the recent alterations and additions to the Canadian tax system as announced in the 2023 budget and subsequent draft legislation. It delves into a variety of new tax rules, credits, and reporting requirements, emphasizing their effects on individuals and businesses. Through a series of modules, participants will gain a comprehensive understanding of these changes, their applications, and the planning strategies required for effective tax management. Course Topics: 1. Personal Credits • Existing personal credits and deductions. • Increased trades tools deduction: criteria, calculation, and application. 2. Alternative Minimum Tax (AMT) • Basics of AMT and its modifications. • Case studies illustrating AMT calculations under new rules. 3. Corporate Tax Credits • Overview of existing corporate tax credits. • New tax credits for clean energy investments and their applications. 4. Tax on Share Buybacks • Understanding share buybacks and the new tax implications. • Calculating the new tax on share buybacks for case scenarios. 5. Intergenerational Transfers • Comparing existing rules with new options for business transfers. • Case studies exploring intergenerational transfer strategies. 6. Employee Ownership Trusts • Concept and benefits of employee ownership trusts. • Tax implications and case studies. 7. General Anti-Avoidance Rule (GAAR) • Understanding GAAR and its recent amendments. • Risk assessment and case study analysis. 8. Underused Housing Tax (UHT) • 1% tax on vacant or underused housing: definition, measurement, and compliance. • UHT calculations through practical examples. 9. Trust Reporting • New disclosure requirements for express trusts. • Filing obligations and penalty avoidance strategies. 10. Mandatory Disclosure • Expansion of reportable transactions and compliance requirements. • Identifying reportable transactions and uncertain tax treatments. 11. Notable Mentions • Overview of other relevant tax changes and updates. • Practical application of various tax topics in case studies. Throughout the course, participants will engage with real-life scenarios and case studies, ensuring a practical understanding of how these changes apply in different contexts.