2023 TAX UPDATE SERIES
Discover new tax planning ideas, update your knowledge on owner-manager topics, and learn how to avoid costly traps and mistakes.
Join us for eight informative sessions from September to December 2023.
575 +TAX
16 CPD
Hours
Topics
for 2023
- What’s New for 2023
- Owner-Manager Remuneration Strategies
- Small Business Deduction Issues
- Transition of the Family Business
- Employee Ownership: A New Exit Strategy
- UHT, Rules, Issues, and Filings
- New Rules for AMT, Issues and Planning Strategies
- Profit Interest Shares: An Alternative to Stock Options
- US LLCs, Issues and Common Errors
- Top 10 Tax Mistakes That Are Often Missed
Your Course Registration Includes:
- 8 sessions, 2 hours each from September to December 2023
- 16 hours of CPD credits
- No Risk Guarantee for first-time registrants: If you’re not completely satisfied after your first session, you will receive a full refund of the program fee
- Review of the latest legislation and tax changes
- Live Q&A + technical corner to solve tax issues and questions live!
- Access to our course archives for 1 year
Dates
| September 14(Thursday) | October 31(Tuesday) |
| September 28(Thursday) | November 14(Tuesday) |
| October 5(Thursday) | November 23(Thursday) |
| October 17(Tuesday) | December 12(Tuesday) |
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Two choices of session time: 9:00 am – 11:00 am EST (plus technical corner 11-11:20) 12:00 pm – 2:00 pm EST (plus technical corner 2-2:20) |
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Learn Useful Tax Planning Ideas
Corporate Group Structure
A corporate group structure did not allow for the capital gains exemption to be available. Dropping the business into a subsidiary with a freeze transaction allowed access via new common shares issued to individual shareholders.
Rental Income in a Corporation
Rental income in a corporation was passive income, denying the small business deduction. The real estate was rented to a related operating business. As a counter-intuitive approach, causing the two corporations to become associated made the rental income active and allowed full access to the small business deduction.
Small Business Corporation Status
Keeping small business corporation status was a problem due to excess cash. Using a trust with a corporation as a beneficiary solved the problem without creating personal tax on removing the excess cash.
Holding Company Structure
An operating company/holding company structure caused several inactive shareholders to be subject to the top tax rate on dividends due to TOSI rules. A simple amalgamation solved this problem via the excluded shares exemption.
Family Business Transition
A transition of an active family business from parents to children caused a capital gain to arise when structured as a gift. When changed to a sale for a note, the gain was spread over ten years. The tax was greatly reduced and postponed.
Presenters
Michael Cadesky
FCPA, FCA, FTIHK, CTA, TEP (Emeritus)
Managing Partner
Michael Cadesky is the managing partner at Cadesky Tax and a committed contributor to the tax and accounting professions since 1980, earning the title of Fellow from CPA Ontario. He is a past governor of the Canadian Tax Foundation, past chair of STEP Canada and STEP Worldwide, and past chair of the CPA Canada Tax Committee for Small and Medium-Sized Enterprises. Michael is also the co-author of 11 books on tax subjects and the author or co-author of numerous papers and articles on Canadian and international taxation.
Peter Weissman
FCPA, FCA, TEP
Partner
Peter has been a tax specialist for over 30 years. His practice includes corporate tax and estate planning (domestic, cross-border and special needs situations), estate litigation support, corporate reorganizations, M&A, dispute resolution and expert witness testimony. Peter is also a past governor of the Canadian Tax Foundation.
Grace Chow
FCPA, FCA, TEP
Partner
As a founding partner of Cadesky Tax, Grace brings 30 years of experience in Canadian and international tax, foreign investment into Canada, international acquisitions, tax treaties, Canada/US tax, estate planning, transfer pricing, and tax disputes. She is a past governor of the Canadian Tax Foundation, a past chair of STEP Canada and the co-author of Taxation at Death: A Practitioner’s Guide.
Matthew Cho
CPA, CA, TEP
Partner
For almost two decades, Matthew has orchestrated tax efficient planning strategies involving estate matters, immigration / emigration, business restructuring, and remuneration planning for clients from different parts of the globe. He is often found assisting other accountants in addressing complicated tax matters and he is also a frequent contributor to the annual Cadesky Tax Seminar series, including the dedicated course regarding the new 2021 T1134 form.
Hugh Woolley
CPA, CA, TEP
Hugh Woolley is an independent tax consultant who has taught income tax for over 30 years for a number of different professional organizations. Hugh has written courses for CPA Canada and over 10 papers for the B.C. Tax Conference as well as papers for the CTF’s National Tax Conference and STEP Canada’s National Conference. From 1990–1992 he worked at the CRA’s Rulings Directorate in Ottawa writing “butterfly” tax rulings. Hugh is a past Governor of the Canadian Tax Foundation.
FAQs
No, this is an integrated eight-session program that is more comparable to a course than a series of webinars. Knowledge builds from session to session.
Reviews
The Tax Update Series is attended by more than 650 CPAs each year.
Here’s what they’re saying:
I have been attending Michael Cadesky’s tax seminars for general accounting practitioners with small to medium-sized clients, for over 30 years.
The knowledge and practical tax solutions that I have gained from Michael have been immeasurable and have contributed to the growth of my successful accounting practice.
It is the best tax training available to me. I sign up each year.
I have tried other programs. Nothing comes close.
The presentations are relevant. The material is easy to follow. Worked examples are excellent.
It is a great value. More of a course than a webinar.
The presenters are clear and know their subject material. Real-life examples allow me to relate to the issues.
They make complex issues understandable.
The presentations are engaging. Other courses often go over my head.