7:30 am – 8:10 am

Welcome and Introductions

8:10 am – 8:55 am

What’s New in the World of Canadian Tax?

This session will be a fast-paced review of what’s been new in the world of private corporation tax matters that would interest private corporation advisors and their clients.  With the September 20, 2021 Canadian federal election behind us, what should advisors watch for?  What are some predictions for the future and, accordingly, what should private clients start planning for now?

8:55 am – 9:45 am

The Succession / Sale of a Private Business – Issues to Consider

The last 2 years have really emphasized the need for a well-thought-out business succession plan. Not properly planned for, a succession or sale can be a lot different than the ideal.  This session will explore the legal issues that should be considered when planning for succession/sale (is there a shareholder or unanimous shareholders agreement in place, vendor take-back consideration pros vs cons, earn-out clauses, retention agreements, etc) and some of the common tax considerations that need to be considered (sale of shares vs assets, hybrid sales, tax issues on earn-outs, etc). 

9:45 am – 10:00 am



10:00 am – 11:00 am

So You Have a Client That is a US Citizen and is a Resident of Canada, eh?

This fast-paced session will quickly review the basic tax and reporting obligations of a US citizen resident in Canada. It will start with an overview of who in fact is a US citizen? What to do if your US citizen client is not up to speed on their US tax filings? What are some of the Canadian tax complications for such a person resident of Canada? Does their estate planning need to be different? Is renouncing US citizenship an option?

11:00 am – 12:00 pm

New Canada Revenue Agency Reporting Obligations for Foreign Affiliates and Trusts

The new T1134 reporting form is a significant departure from the old reporting form for foreign affiliates. It will require significant efforts from private client advisors to ensure any foreign affiliate interests are properly reported. In addition, it is expected that the proposed trust reporting rules – to take effect for the 2021 taxation year – will be finalized and the new form released soon. This session will walk through the new reporting requirements and provide hands-on practical suggestions to make the reporting easier. 

12:00 pm – 1:15 pm

Lunch and Featured Speaker Dr. Mark Milke

Taxes & Civilization: Myths and Facts about both in Canada

"Ever-higher taxes do not always lead to “more” civilization"

Mark Milke, Ph.D., is an author and a public policy analyst with over two decades of experience in advocacy and policy formation. Drawing from his books, studies, and years in policy work and advocacy, Dr. Milke will speak to us about taxes and civilization and the myths and facts that surround both topics in Canada. He will also explain how governments and politicians formulate policy and what you can do to impact the same. 

1:15 pm – 2:00 pm

The Features of a Well Thought-Out Estate Plan – Why Every Entrepreneur Needs It

This session will review the basics of a well-thought-out estate plan for successful entrepreneurs. A well-designed estate plan should include a well-designed will, personal directives and might include well-designed trusts to assist with the succession of assets including any philanthropic intentions. Planning for liquidity to pay for expenses after death (taxes, funeral costs, gifts, etc) should also be considered. Is your client a US citizen? How might this affect the estate plan?

2:00 pm – 3:00 pm

The Three Pillars of a Canadian Private Business Expanding Into the US

Is your Canadian business client looking to greener pastures in the US? If so, this session is for you. It will discuss the three pillars of such an expansion (tax, corporate and immigration considerations) and provide valuable tips for a successful venture.

3:00 pm – 3:15 pm


3:15 pm – 4:00 pm

So You’re Telling Me That Preferred Shares Issued on an Estate Freeze Might Have to be Disclosed as Debt on My Company’s Balance Sheet?

A common succession plan with entrepreneurs involves the classic “estate freeze” whereby the current value of an entrepreneur’s interest in a Canadian company is “frozen” into the value of newly issued redeemable, retractable preferred shares. The Accounting Standards Board proposed classification standards for many issued preferred shares to now be classified as debt on its balance sheet. This clashes greatly with the legal characteristics of preferred shares but such a rule is now in place for organizations whose fiscal period commences on or after January 1, 2021. This may have a negative effect on many of the classic balance sheet ratios, affect an organization’s ability to obtain financing and other implications. This session will explore the new rule, impacted organizations and what, if anything, you can do to inform and help affected clients.

4:00 pm – 4:55 pm

A Roundtable Discussion on the “Top 3 Planning Issues” for the Private Client in Various Disciplines

This Roundtable discussion will feature a rapid-fire “top 3” format that would provide the audience the top 3 issues of the day in Canada/US tax, immigration law, trust, and estate law, business law, accounting, and tax compliance/reporting that advisors and their clients need to be aware of when planning clients’ affairs. 

4:55 pm – 5:00 pm


5:00 – 5:30 pm

Social for in-person attendees