Taxation Planning for Owner/Managers — On Demand About the author
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Taxation Planning for Owner/Managers — On Demand 
Level: CGA or Student Price: $129.00
Verifiable: Yes Non-CGA Price: $169.00
CPD Hours: Other Price: $139.00
Start Date: 01/01/2099  End Date: 01/01/2099 
Duration: 1 hour 35 minutes   

All prices in Canadian Dollars

Description

ON DEMAND WEBCAST

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Webcast description

Owner/managers of businesses enjoy unique tax planning opportunities. 

This webcast will discuss these various tax planning opportunities, beginning with the point at which a business is profitable and ending with the eventual sale or family succession of that business. 

Careful tax planning is critical for small business owners to ensure that they keep as much of their money as possible. Tax planning for owner/managers is different than other individual or corporate tax issues and contains a number of pitfalls for the unwary.


Presenters:

Rick Wong
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Josh Schmidt
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In this webcast, presenters Rick Wong and Josh Schmidt of Thorsteinssons LLP will provide an outline of the key issues of owner/manager tax planning and how to deal with them. 


This session will assist you to

  • identify unique tax planning opportunities available to owner/managers
  • advise owner/managers of planning opportunities
  • understand the important issues involved in owner/manager tax planning
  • know when to seek expert advice

 
Presentation outline

  • Sole Proprietorship versus Incorporation
    • Advantages and disadvantages of incorporating
  • Tax Planning Opportunities Once Incorporated
    • Tax Deferral: 
      • Business Income (deferral) versus Investment Income (no deferral)
      • Tax integration
    • Income Splitting: 
      • Share structures (dividend sprinkling shares)
      • Family trusts
      • Salaries to family members
    • Qualified Small Business Corporation Shares: 
      • Capital gains exemption
      • Crystallization transactions
      • Purification transactions
      • Arm’s length sales
    • Succession/Estate Planning: 
      • Estate freezes
      • Alter ego trusts and joint spousal trusts


How to access your On Demand Webcast

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    This webcast will be available to you for at least 90 days from the date of purchase.

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System requirements

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About the Author and/or Presenter

 

Richard Wong, LLB, received his Bachelor of Law degree from the University of British Columbia where he finished in the top of his class and received several awards for his academic achievement. Richard was called to the British Columbia Bar in 2003. Prior to joining Thorsteinssons in 2004, Richard articled at a large national law firm in Vancouver.

Richard assists individuals and corporations with their domestic and international tax planning and also represents clients who have disputes with Canada Revenue Agency.

In his civil litigation practice, Richard advises and represents clients with respect to Canada Revenue Agency audits and appeals and has appeared in tax-related cases before many courts, including the Tax Court of Canada, the Federal Court of Canada, and the Federal Court of Appeal.

Richard has lectured on various aspects of taxation law at conferences, meetings, and courses attended by members of the Canadian Tax Foundation, the Law Society of British Columbia, and the Canadian Bar Association Immigration subsection (BC).

Richard has completed Parts I, II, and III of the Canadian Institute of Chartered Accountants’ In-Depth Tax Course. He is a member of the Canadian Tax Foundation, the Canadian Bar Association, and the Law Society of British Columbia.

 

Josh Schmidt, LLB, received a Bachelor of Commerce degree (specialization in Entrepreneurship) from the University of Victoria in 1997, and received his Bachelor of Law degree from the University of Victoria in 2006.

Prior to joining Thorsteinssons, he practiced securities law at a national law firm.

Josh was called to the British Columbia Bar in 2007 and is a member of the Canadian Bar Association tax subsection.



 
Author Type: CGA-Canada 
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