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CPA Small Practitioners' Forum 2023 - Fall Tax Update 3.0

A Comprehensive Review of Recent Tax Cases and Their Implications for Legal Practitioners

Created byNathan Geibworkspace_premiumBest Instructor
IntermediateUpdated Oct 30, 2023

What You'll Learn

  • check_circleUnderstand the Protection of Solicitor-Client Privilege: Familiarize yourself with the implications of the Federation of Law Societies of Canada v. Attorney General of Canada case on the protection of solicitor-client privilege.
  • check_circleExplore the Scope and Waiver of Privilege: Unpack the details of the Gaudreau v. The King and 632738 Alberta Ltd. v. The King cases, learning about the boundaries of privilege and the conditions under which it may be waived.
  • check_circleNavigate Through Corporate Veil and Reassessment Periods: Acquaint yourself with the subtleties of piercing the corporate veil in varying scenarios and grasp the implications of the normal reassessment period using cases like Condominium Corp v. Carrington Holdings Inc. and 6075204 Canada Inc. v. The Queen as references.
  • check_circleExamine Tax Planning, GAAR, and Rectification: Delve into the aspects of hybrid planning, the new GAAR control test, and rectification procedures with the help of cases such as Foix et. al. v. Canada and Revenue Quebec v. Guy, enhancing your skillset in strategic tax planning.

About This Course

The course offers a comprehensive and in-depth examination of the significant changes and updates presented in the Federal Budget announced in 2023. Delve into the intricate details and key provisions of the budget, covering a wide array of topics crucial for understanding the economic landscape and tax implications.

Throughout the sessions, participants will explore various pivotal elements, including both new and revised proposals, critical adjustments, and upcoming implementations that directly impact individuals, businesses, and the economy at large.

Key Topics Covered:

  1. Alternative Minimum Tax (AMT): New proposals and promised changes highlighted in the economic update.
  2. Grocery Rebate: Explanation of the one-time payment equivalent to two quarterly GST credit payments.
  3. Tradespeoples’ Tools Expense: Doubling of the maximum deduction effective from 2023.
  4. RESPs, RDSPs, and RCAs: Overview of minor tweaks proposed for these plans.
  5. Intergenerational Business Transfers (IBTs): Proposed fixes related to Bill C-208.
  6. Employee Ownership Trusts: Understanding their role in facilitating business sales to employees.
  7. Clean Energy Credits and Incentives: Extension of tax reductions for zero-emission technology manufacturing.
  8. Tax on Public Company Share Repurchases: Insights into the new tax and corresponding draft legislation.
  9. General Anti-Avoidance Rule (GAAR): Examination of proposed amendments and penalties.
  10. Automatic Tax Filing for Low-Income Canadians: Review of the expanded service for eligible individuals.
  11. COVID-19 Benefit Reviews: Discussion on addressing overpayments of personal COVID-19 benefits.
  12. Clean Technology Investment Tax Credit: Detailed coverage of extended tax rates for clean energy credits.
  13. Expansion of Mineral Resource Definition: Inclusion of lithium from brines in the mineral resource definition.
  14. Immediate Expensing Rules: Understanding the updated immediate expensing rules.
  15. Transitional Rules for Eligible RDTOH: Analysis of the fixed transitional rules.
  16. Expansion of Fertility-related Medical Expenses: Coverage of the expanded medical expense coverage for fertility treatments.
  17. Global Corporate Minimum Tax: Discussion on the global corporate minimum tax.
  18. Digital Services Tax: In-depth coverage of the Digital Services Tax and its implications.

Course Content

1 activity • 1 videos • duration: 1h 57m

remove
Section 11 videos • 2 hours
  • videocam2023 Fall Tax Update – What’s New
    Duration 117:10

Your Instructors

Nathan Geib

menu_book56 courses
star6,941 reviews

The CPA Small Practitioners’ Forum was created to offer an inviting, semi-causal, and easygoing professional development weekend that provides substantial professional development value to small practitioners. All profit earned by the CPA Small Practitioners’ Forum is donated to the Alberta CPA Education Foundation, so you are helping young people in Canada get scholarships for university. All these courses are reviewed by the delegates at the Forum in Banff annually so we have a great lineup that is adjusted every year to keep things relevant to small practitioners. If you work at a public accounting firm in Canada with employees of 1-50 people, you are our target demographic and you should find this course useful.

Hugh Neilson

KRP/VTN

Hugh Neilson FCPA FCA TEP is an independent contractor to Kingston Ross Pasnak LLP, where he is a Director, Taxation Services. He is also an independent contractor to Video News Inc., where he serves as a member of the Editorial Board of Video Tax News, and appears regularly in their monthly video and newsletter. Hugh has over 30 years of public practice experience, focusing on income tax services for individuals and owner-managed private corporations. He provides tax consultation in many diverse areas, including business structuring and restructuring, negotiations with Canada Revenue Agency auditors and Appeals Officers, tax-effective compensation strategies, immigration and emigration planning and strategies for tax-effective personal, family and estate tax planning.

Credit Information

Is this course eligible for my CPD requirements as a Canadian CPA?

Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.

Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.

What Students Are Saying

4.5 out of 5
Student's Choice
281 reviews
  • CK
    Christine K.
    starstarstarstarstar

    Interesting topics and great presenter.

  • TT
    Tony T.
    starstarstarstarstar

    Very good course & resource

  • EF
    Eugene F.
    starstarstarstarstar

    Good tax outlook overview, presented in an interesting manner.

  • JH
    Johanus H.
    starstarstarstarstar

    This was actually one of the best tax update courses I've ever seen online. There was way more information than I usually see, it was blasted through really quickly, and in a format that was enjoyable. I'm REALLY glad that there was a handout, though. That's necessary because of the amount of information.

Frequently Asked Questions

We are a registered provider with 300+ associations and regulatory bodies worldwide. We operate across 27 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.

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