Winter CE Summits

A Knowledge Bureau Education Day

THEME: A New Decade - Focus on a New Value Proposition


ADVANCED 2020 PERSONAL TAX UPDATE

Join Canadian tax expert Evelyn Jacks and special guest instructors from across Canada who will update you on the latest personal tax changes on the tax forms and dig deep behind the lines so you can find every tax deduction and credit available to the families you do tax returns for. Train your new seasonal and returning staff and save money by booking a whole table. This popular event sells out every year so enrol early.

The CE Summits January Advanced Personal Tax Update, provides a detailed refresher for your multi-advisory team and new and returning tax filing staff. Get ready with sharp and deep knowledge on filing 2019 tax returns. Each full-day workshop, featuring leading Canadian tax
experts, including best-selling author Evelyn Jacks, covers the new rules for the
2019 filing season in detail, as well as how to maximize your evolving relationship with CRA in the midst of rapid technological and compliance changes.

Taxpayer profiles covered include:

  • Families
  • Singles
  • Employees
  • Retirees
  • Investors
  • Real estate owners - including personal residence reporting for change of use and dispositions
  • Unincorporated small business owners

Winter CE Summit Speakers

Mark Mayer

Canada Revenue Agency

Special guest speaker in Toronto!

Mark Mayer is the manager of the Authorizations and Business Number Strategy Section, in the Assessment, Benefit, and Service Branch of the Canada Revenue Agency (CRA).

Mark has worked in the CRA for 29 years and has held a wide variety of positions over his career, including the marketing electronic services, appeals, systems development, media relations and public affairs. He is a graduate of Concordia University in Montreal.


Henry Shew

CPA, CA, TEP, CPA (WA), Sr. Tax Manager, Cadesky and Associates. LLP.

Henry Shew is a senior tax manager at Cadesky and Associates LLP, based out of Toronto. Henry specializes in domestic and international tax, with a focus on planning for high-net worth individuals, immigration/emigration, and estate planning. Henry has written numerous professional papers for the Canadian Tax Foundation.

Henry has been involved with STEP Canada (Society of Trusts and Practitioners) and is currently serving as a member of the Student Liaison Committee. Henry is a tutorial leader for the CPA In-depth Tax Course and Henry is part of the Toronto Young Practitioners Steering Committee for the Canadian Tax Foundation.


Walter Harder

DFA-Tax Services Specialist™

Walter Harder is President of Walter Harder and Associates, specializing in tax research, and business building tool development. In addition to preparing T1 returns for clients, Walter provides tax web tools development for Knowledge Bureau and is the co-author of several of Knowledge Bureau’s certificate courses. He has also worked as a lead researcher and personal tax content contributor to EverGreen Explanatory Notes. Walter Harder has achieved his Master Instructor Certification with Knowledge Bureau by participating in a number of required milestones.

Evelyn Jacks

President, Knowledge Bureau. MFA™, DFA- Tax Services Specialist

Knowledge Journal Table of Contents

    Winnipeg
    Holiday Inn Winnipeg Airport West
    January 16

    Enrol now


    Toronto
    Pearson Convention Centre
    January 20

    Enrol now


    Ottawa
    Rideau Club
    January 21

    Enrol now


    Calgary
    Marriott Courtyard Airport
    January 22

    Enrol now


    Edmonton
    Holiday Inn Edmonton South
    January 23

    Enrol now


    Vancouver
    Sandman City Centre
    January 24

    Enrol now


    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.

    Detailed Agenda

    (Come back often as new details are released)

    7:45 – 8:15 AM REGISTRATION AND COFFEE

    Pick up your Advanced Comprehensive Knowledge Journal

    8:15 - 9:30 AM PERSONAL TAX UPDATE: WHAT’S NEW IN PERSONAL TAXATION?

    Evelyn Jacks, President, Knowledge Bureau. MFA™, DFA- Tax Services Specialist™

    • What’s new at CRA – The all-new T1 for 2019
    • Elements of the tax Return, identification of taxpayer, lifecycles and dependants
    • Approaches to filing: (a) single lifestyle, income profile, benefits (b) households
    • Tax filing profiles - linking income declaration with deductions, credits, schedules and forms
    • Shake out the cobwebs: summary of tax changes for 2019, 2020
    • Tax Facts Precision Update: Knowledge Bureau Jeopardy Test

    9:00 - 10:30 AM FOCUS ON EMPLOYMENT INCOME, DEDUCTIONS & CREDITS

    Walter Harder, DFA-Tax Services Specialist™

    • Employer sponsored and private retirement plans, dues and non-refundable credits
    • Home-based employment deductions (T777) and (T2200)
    • Employed commission salespeople, sales expenses, home office, and auto expenses
    • Canadian forces personnel
    • Executives and their stock options
    • The Clergy
    • Working families - disability supports care, childcare, moving expenses, CWB
    • Students - income, deductions and credits
    • Northern residents

    10:30 - 10:45 AM NETWORKING BREAK

    10:45 - 11:45 AM FOCUS ON PROPRIETORSHIPS - T2125 and Schedules

    Walter Harder, DFA- Tax Services Specialist™

    • Reporting sources of income: fiscal year-ends, cash vs accrual
    • Acquiring assets: new capital cost allowance rules for 2018-2027
    • Auto, tangible and intangible properties; buy vs lease calculations
    • The Gig Economy - self-employed consultants
    • Retail stores - inventory-based and online
    • Professionals
    • Farming and fishing with inventory provisions and drought deferrals
    • Deductions: full, restricted, mixed use, conferences and training, cell phones, GST/HST
    • Partnerships: arm’s length, spousal partnerships, with adult children
    • Time for sale or incorporation: transfer/sale of assets, terminal loss, recapture, rollovers, other provisions

    11:45 - 12:30 PM FOCUS ON PERSONAL RESIDENCES

    Walter Harder, DFA- Tax Services Specialist™

    • Principal residences and 2nd personal residences
    • Home office rules - tips and traps
    • Change of use (rental to personal, personal to rental)
    • Calculating rental income in Canada, income from second residences abroad
    • Principal residence exemptions, adventures or concerns in the nature of trade, residences as inventory, farm properties, fishing boats and yachts, multiple unit dwellings, other Principal Residence disposition variations

      12:30 - 1:00 PM NETWORKING LUNCH

      1:00 - 1:30 PM TECHNOLOGY ROUND TABLE DISCUSSION; CASE STUDIES

      Evelyn Jacks with Society of RWM™ leaders.

      SPECIAL GUEST SPEAKER in Toronto - Mark Mayer, Management, Authorizations & BN Strategy Section, Assessment, Benefit & Service Branch, CRA.

      What’s new at the CRA: CRA authorization procedures, and the advisor’s role in executing a Real Wealth Management™ approach to the taxpayer’s relationship with the CRA.

      1:30 - 3:00 PM FOCUS ON INCOME FROM PROPERTY & INVESTMENTS

      Henry Shew, CPA, CA, TEP, CPA (WA), Sr. Tax Manager, Cadesky and Associates. LLP.

      • A. Investment income - regular public securities dividends, rental income, private company dividend, interest income investments, linked notes, flow-through investments, partnerships, mutual funds, mortgage investment corporation
      • B. Dispositions - loss carry forwards, qualifying small business corporation shares, capital gain reserve, deferral of small business corporation shares, voluntary and involuntary disposition, stop-loss rules, public security exchanges, short sales
      • C. Real estate - Mortgage foreclosures, conditional sales repossessions
      • D. Deductions - interest deductibility and CCA
      • E. Credits - foreign tax credits and donation
      • F. Insurance
      • G. TOSI
      • H. Alternative minimum tax
      • I. Attribution
      • J. Personal use property - listed personal use and personal use properties, deductions, interest

      3:00 - 3:15 PM NETWORKING BREAK

      3:15 - 4:15 PM FOCUS ON HNW RETIREES WITH PENSIONS, PENSION INCOME SPLITTING, DEATH OF A TAXPAYER

      Henry Shew, CPA, CA, TEP, CPA (WA), Sr. Tax Manager, Cadesky and Associates. LLP.

      New rules clarify the CRA’s position on tax treatment afforded to members of defined benefit pension plans who are commuting values into various pension options. Review principles for advising clients who have questions about their pension options for 2019 forward. Also review tax filing requirements in the year of death.

      • Case study: income reporting and deductions, income splitting, income layering
      • Case study: reporting income on death of a taxpayer
      • Foreign income: US real estate, T1125 rules, foreign tax credits
      • A. Registered plans overview
      • B. RRSP withdrawals
      • C. Terminating RPP
      • D. Locked accounts
      • E. 2020 Annuities - ALDA and VPLA
      • F. Spousal income splitting
      • Case study - Death of a taxpayer

      Also: US real estate, dispositions, T1135 rules

      4:15 - 4:30 PM LINE-BY-LINE TAX UPDATE REVIEW

        4:00- 4:30 PM

        Closing Remarks and Certification

        Verifiable Credits – 6.5 Non-Verifiable Credits – 3.5

        Attendee Experience

        Very informative. Picked up some good ideas; all topics were good. I will attend again. Most valuable business idea: learn to control your business.

        —K. Davis, Alberta

        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?

        Receive outstanding year-end tax planning information from the top experts in personal and corporate tax, and retirement and estate planning, plus $465 in extra value:

        CE Credits*: IIROC, Insurance Councils, Knowledge Bureau, and other professional organizations.

        Pre-session reading in EverGreen Explanatory Notes, plus a complimentary 3-month subscription.

        Post-session: special tuition fees for online studies. You save $200 when you enrol in one of Knowledge Bureau’s educational offerings.

        Comprehensive Knowledge Journal— your desk-top reference.

        Outstanding networking opportunities with a diverse audience.

        Great food (breakfast, lunch and coffee), valuable prizes and surprises.

        *CE Credits are pending approval by regulators.