Knowledge Bureau Education Days—Fall CE Summits

THEME: YEAR END TAX PLANNING

Focus on Family Business and Retirement Income Planning

Learn the details behind the Fall Economic Report and how new tax changes and 2020 economic forecasts with Canadian tax expert Evelyn Jacks, who will prepare you for tax season 2020 and the tax planning you need to do before year end with individuals, families and boomers who want to keep more of their income now and the value of capital in retirement. Then shore up your knowledge on corporate owner-manager compensation planning and the new passive investment income rules with family business tax expert Larry Frostiak, who will also cover retirement and succession planning in light of new tax rules for private corporations. Finally retirement planning author and portfolio manager, Doug Nelson will discuss the latest issues in retirement income planning.

Take advantage of reduced rates for early-bird registration until October 15.

Prefer a personal touch? Call toll-free 1-866-953-4769 for a one-on-one consultation.

Winnipeg
Manitoba Club
November 4

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Toronto
Pearson Convention Centre
November 5

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Calgary
Marriott Courtyard Airport
November 6

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Vancouver
Sandman City Centre
November 7

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Who Should Attend?

These workshops are ideal for training new and returning staff working in independent tax filing firms, CPAs in public practice, financial services firms, public trustees, legal assistants, municipal officers, payroll and software companies who employ staff involved with any CRA remittances.

Professionals may earn: 10 CE/CPD credits

3.5 non-verifiable CE/CPD credits

6.5 verifiable CE/CPD credits

You can also participate in networking opportunities to build relationships across the financial services industry.

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Detailed Agenda

(Come back often as new details are released)

8:00 – 8:30

REGISTRATION AND COFFEE: Pick up your Comprehensive Knowledge Journal, Meet Our Special Guests and Delegates. Tuition Value Program: Take a sneak peek at special offers and tuition breaks for upcoming Knowledge Bureau programs and sign up on the spot for tuition reductions for CE Summit registrants only!

THOUGHT LEADERSHIP: ISSUES AND TRENDS

8:30 – 9:30

SESSION 1: TOPIC—YEAR END TAX PLANNING FOR INDIVIDUALS

KEYNOTE Speaker: Evelyn Jacks, President, Knowledge Bureau

Learn the details behind the Fall Economic Report and how new tax and economic forecasts and changes will affect individual family investment, retirement and estate planning in 2019 and beyond.

Additional Educational Resources: DFA-Tax Services Specialist Designation Program Online.


9:30 –10:30

SESSION 2: OWNER-MANAGER COMPENSATION, RETIREMENT AND SUCCESSION PLANNING

Special Guest Speaker: Larry H. Frostiak, FCPA, FCA, CFP, TEP

Session 2 will examine different ways that owner managers can structure remuneration…Particularly in light of the TOSI tax rules that have restricted the ability to pay dividends to other family members.

This session will also cover the building blocks for creating a successful transition plan and retirement nest egg for the owner manager.

For additional credit: Knowledge Bureau’s MFA-Business Services Specialist Program Online.

10:30 – 10:45

NETWORKING BREAK AND SPONSORSHIP FAIR

BEST PRACTICES: MANAGING CLIENT RISK

10:45 – 12:30

SESSION 3 - CORPORATE TAX PLANNING WITH NEW PASSIVE INVESTMENT INCOME RULES

Special Guest Speaker: Larry H. Frostiak, FCPA, FCA, CFP, TEP

This session will look at the new tax rules for passive income earned in a corporation, effective for taxation years commencing after 2018.

There has been a paradigm shift in the tax world, which will affect many of your clients who hold an interest in a private business corporation, and also use that corporation (or an associated corporation) to accumulate passive wealth.

This session will examine these recent tax changes, and analyze the ways that your clientscan prepare and optimize their tax situation.

12:30 – 1:00

MEET AND GREET NETWORKING LUNCH

ADVISOR ROUND TABLE: CASE STUDIES, Q & A

1:00 – 1:30

SESSION 4: TECHNOLOGY ADVANCES FOR TAX AND FINANCIAL PROFESSIONALS

For additional credit: Knowledge Bureau’s DFA-Bookkeeping Services Specialist Program Online.


1:45 – 2:45

SESSION 5: OLDER CLIENTS—NEW ISSUES IN RETIREMENT INCOME PLANNING

Special Guest Speaker: Doug Nelson, B.Comm.(hons.), CFP, CLU, MFA, CIM, RWM

For the past 20 years discussions have focused on the aging of the baby boom generation. The age of this demographic group is now those between age 53 and 73, with the single biggest age group in 2019 being approximately 63. In the past the focus has been preparing and transitioning into retirement, but now that the bulk of this group is mainly retired, new issues are emerging:

  • How do we adjust the plan if one client requires care for an extended period of time while one spouse remains healthy and active?How do we adjust the plan if clients have a shorter or longer life expectancy andhow do we measure the impact to their spouse?
  • How do we help the aging client continue to live with dignity when the family may wish for the client to be placed in care prematurely?
  • How do we help the aging client in a situation when it appears that someone (family members, or non-family members, a new love interest or a predatory phone solicitor), begins to take advantage of your client and start initiating what may be considered as non-normal or inappropriate behaviour?
  • In essence, how do we initiate these really hard conversations and create a plan to minimize harm for each of these possible scenarios?
  • This session is designed to help financial and tax advisors a) recognize the importance of these new emerging issues, b) learn how to identify emerging issues through either the client behaviour, changes to the portfolio or changes seen on the tax return and c) present ideas that can
    be incorporated into your practice that would position you and your team to play a crucial role for the client and their family.

    For additional credit: MFA-Retirement & Estate Services Specialist Program online.

    2:45 – 3:00

    NETWORKING BREAK

    3:00 – 4:00

    SESSION 6: REAL WEALTH MANAGEMENT: CORPORATE OWNER-MANAGER PLANNING IN RETIREMENT

    Special Guest Speaker: Doug Nelson, B.Comm.(hons.), CFP, CLU, MFA, CIM, RWM

    When the Federal Government unilaterally changed 40 years of historical precedent on how small business owners can organize their corporate structure and manage their profits, advisors have to provide different guidance to their entrepreneurial clients. More specifically, most small

    business owners will be restricted in how they can split income, or profit, with other family members, resulting in a higher family tax bill and potentially less flexibility in where and how to invest for retirement. So, the key questions, and challenges, for entrepreneurs approaching retirement are:

  • How do you minimize tax and maximize after-tax income today and in retirement, based on these new realities?
  • How can you effectively split income with other family members, in this new and somewhat vague tax regime, and continue to use this approach to minimize tax and build wealth?
  • How and where to best save and invest for retirement going forward?
  • Which source of income to draw from first, second and third in retirement, and why?
  • How has this process changed from advice that may have been given in the past?
  • Are there new risks that need to be managed?
  • For additional credit: The RWM Designation Program online.

    LEADERSHIP AND ETHICS

    4:00 – 4:30

    SESSION 7: BUILDING RELATIONSHIPS IN YOUR KNOWLEDGE-BASED PRACTICE.

    Designates in your city will discuss the best practices to integrate tax efficient retirement income planning into your practices and how to overcome specific challenges in doing so.

    For additional credit: Knowledge Bureau’s Executive Business Builder Program online.

    4:30

    Closing Remarks and Certification

    Verifiable Credits—6.5 In Class Non-Verifiable Credits—3.5

    Pick up certification

    Attendee Experience

    Applicable, valuable and immediate opportunity to add value for clients.

    —L. Campbell, MB

    Why is this Timely?

    Every year there are significant tax and economic changes announced in federal budgets and economic updates from the Finance department. This information is necessary to facilitate end-to-end financial planning: from filing accurate and audit-proof tax returns, to planning investment, retirement, succession, estate and trust solutions.

    These Knowledge Bureau Education Days will help you better serve your clients with deep knowledge and confident skills. Most important, you will be positioned to become a more trusted advisor in a multi-advisory team of professionals who help in end-to-end financial services: from banking to bookkeeping and tax compliance, to holistic family wealth management.

    What’s Included?

    Pre-session: reading in EverGreen Explanatory Notes

    In-session: cutting-edge instruction from industry experts

    Post-session: special tuition fees for online studies

    Comprehensive Knowledge Journal— your desk-top reference

    Outstanding networking opportunities with a diverse audience

    Great food, valuable prizes and surprises

    CE Summits - Fall 2019 Sponsors