7:30 am – 7:45 am
7:45 am – 8:45 am
What’s New in The Canadian Tax World?
Presented by:
Kim G C Moody | CEO, Moodys Private Client, Moodys Tax
Brad Severin | Principal, Moodys Private Client Accounting
Kenneth Keung | Director, Canadian Tax Advisory, Moodys Tax
- April 7, 2022, Budget – residential property flipping rule, small business deduction amendment, etc
- February 4, and August 9, 2022, draft legislation including:
- The “new” trust reporting rules
- Mandatory disclosure rules
- Substantive CCPC proposals
- FAPI amendments
- GAAR amendments and consultation…. what can we expect?
- Best practices
8:45 am – 9:30 am
- Inflation Reduction Act – a quick review of changes that should interest Canadians and their advisors
- Any further amendments expected?
- Best practices
9:30 am – 10:15 am
- Numerous changes to the various provincial, federal statutes and applicable case law will be reviewed so that attendees are up-to-date on requirements and considerations
10:15 am – 10:30 am
Coffee Break
10:30 am – 11:15 am
A Review of the Basic Immigration Options and Considerations.
11:15 am – 12 pm
Numerous changes to the various provincial statutes and applicable case law will be reviewed so that attendees are up to date on requirements and considerations.
12 pm – 1:15 pm
Lunch and Feature Speaker
Are We Taxed Too Little?
Jack Mintz, President's Fellow - SPP, University of Calgary
With inflation and lower unemployment, public fiscal balances have improved as taxes have been pouring into government coffers. Two years ago, many think-tanks were arguing that we needed to raise taxes to cover the COVID-19 debt but inflation has helped solve that problem.
However, growth is weakening as interest rates climb.
1:30 pm – 2:30 pm
Presented by:
Kenneth Keung | Director, Canadian Tax Advisory, Moodys Tax
Aasim Hirji | Director, Canadian Tax Law | Barrister & Solicitor, Moodys Tax
Doug McCartney | Director | Business Law, Moodys Private Client Law
Roundtable discussion, using a case as an example, that discusses tax and corporate law considerations when purchasing or disposing of a business.
2:30 pm – 3:30 pm
- So, you’d like to expand your business into the US? What do you need to think about?
- Immigration issues are front and centre and will usually drive the legal structure considerations
- Taxation issues are important
- How will the business be capitalized? Considerations...
3:30 pm – 4:30 pm
- A basic review of a US citizen’s tax obligations
- Will drafting considerations
- Exposure to US estate tax?
- Gifting assets? Or will that be subject to US gift tax?
- Is the taxpayer compliant with their US tax filing obligations? Are you sure?
- Renouncing US citizenship?
4:30 pm – 5:00 pm
5:00 pm – 5:45 pm
Roundtable Sprint – A Sprint Through Some Questions and Topics of Interest
- Questions will be solicited in advance by participants on any topic of interest (with preference given to questions received from MPC Plus members)
- Update on Moodys Private Client government submissions – preferred share treatment, rectification / rescission remedies
- Moodys Private Client Plus opportunities
5:45 pm – close
Networking