Virtual CE Summits
November 18, 2020


YEAR END TAX PLANNING:

FOCUS ON INVESTORS AND OWNER-MANAGERS

The All New Virtual CE Summits feature two dynamic components:

  1. Your Comprehensive YEAR END TAX PLANNING COURSE: Available November 3rd
  2. The Virtual CE SUMMIT EVENT on November 18th. Earn 10 CE Credits, too.

Everything is Included:

  • Your Comprehensive Online Course
  • Online Quizzes and Program Guide with Presentations brings you up-to-the minute information you can use immediately to advise your clients.
  • Access to EverGreen Explanatory Notes with recommended topics to read compliment this comprehensive professional development program.

Detailed Agenda

(Come back often as new details are released)

THE CONTENT

PART 1: THE YEAR END TAX PLANNING COURSE - ONLINE

INTRODUCTION

HOW TO COMPLETE YOUR KNOWLEDGE BUREAU ONLINE COURSE COMPONENTS

Access Your Comprehensive Knowledge Journal, Quizzes and EverGreen Explanatory Notes in the Virtual Campus as soon as you receive your enrolment confirmation. Study at your leisure out of your favorite self-isolation space, or study using Microsoft Teams or other platform, with your business colleagues or staff.Check out your Virtual CE Summits T uition Value Program and Prizes.

2020 PERSONAL TAX UPDATE AND ANALYSIS OF 2020 BUSINESS RESULTS

Tax filing statistics and new client profiles, behavioral finance issues

Tax brackets, rates, deductions, credits, clawbacks and tax calculations for 2020

Changes to taxation of income and income replacement program

Taxation on wealth: asset valuation, acquisition and disposition

Focus on Investments - 14 Opportunities

  • RPP, RRSP, RRIF, IPP, TFSA, RESP, RDSP, DPSP contributions
  • Reinvestment of tax refunds and refundable tax credits or social benefits received
  • Investments in tax exempt insurance policies
  • Investment in a tax-exempt principal residence
  • Investments in business enterprises
  • Investments in real estate
  • Focus on business ownership

CURRENT ISSUES AND TRENDS IN TAX AND WEALTH MANAGEMENT

CHAPTER 1

In this session three important components of year end business management are discussed:

  • how to help owner managers analyze their results,
  • budget for 2021 business outcomes and most important,
  • manage cash flows.

Learn to help your clients with cash flow budgeting to establish targets to manage cash flows, identify when new cash resources might be needed, and arrange for them, and decide what to do with surplus cash including the acquisition of new business-use property or increased distributions to owners.

CHAPTER 2

UNDERSTANDING THE CORPORATE BALANCE SHEET

  • Understanding the Corporate Balance Sheet
  • Section 85 Rollovers

BEST PRACTICES: MANAGING RISK TO YOUR BUSINESS

CHAPTER 3

UNDERSTANDING SHAREHOLDER EQUITY

  • The Shareholder Loan Account
  • The Capital Dividend Account

CHAPTER 4

SOURCES OF CORPORATE INCOME

  • Active Business Income
  • Small Business Deduction
  • Specified Business Income and RDTOH
  • Rental, Dividend and Personal Services Business Income

CHAPTER 5

COMPLETING T2 RETURNS

CHAPTER 6

SHAREHOLDER REMUNERATION

Understand Personal – Corporate Tax Rates and Integration

Shareholder Remuneration Options including when to take:

  • Salary, various Taxable/Tax Free Benefits including standby charges
  • Dividends From General Rate Income Pool and Low Rate Income Pool
  • From Public Company distributions in corporate investment accounts

Bonuses

  • Acquiring assets before year end

CHAPTER 7

TAXATION OF DIVIDENDS FOR THE WHOLE FAMILY

  • Hiring Family Members
  • Insurance Strategies for Small Business Owners
  • Sale of business issues – asset vs shares
  • Closing of business issues – insolvency, closure without return on investment

PART 2: INTERACTIVE ZOOM WEBINAR

November 18

9:30 AM – 2:00 PM

(all times list below in Central Standard Time)

9:30 AM

LOG IN TO ZOOM: A link will be emailed to you 48 hours before the Webinar. Each Session includes a 25 minute presentation, then 5 minutes for Q&A and Polling. Each Registrant must answer the Poll as part of the session to be eligible for CE.

9:45 AM

WELCOME AND OVERVIEW

With Your Host Evelyn Jacks, President, Knowledge Bureau and Moderator Barbara McRae, CMP, RWM™, Strategic Events.

10:00 AM

Session 1 – PERSONAL TAX UPDATE AND YEAR END INVESTMENT STRATEGIES

Evelyn Jacks

10:30 AM

Session 2 – BUSINESS RESULTS ANALYSIS, FORECASTING, BUDGETING

Jenifer Bartman

11:00 AM

Session 3 – CORPORATE TAX BOOTCAMP PART 1

Dr. Dean Smith

11:30 AM

Session 4 – CORPORATE TAX BOOTCAMP PART 2

Dr. Dean Smith

12:00 PM

Session 5 – OWNER-MANAGER REMUNERATION PART 1

Larry Frostiak

1:00 PM

Session 6 – OWNER-MANAGER REMUNERATION PART 2

Larry Frostiak

1:30 PM

Society of RWM™ Panel: YEAR END DONATION STRATEGIES FOR OWNER-MANAGERS

2:00 PM

Closing Remarks

My goal is always to learn more. I’d recommend the CE Summits, as we need to stay relevant and have the ability to make an

impact on our clients requires our knowledge and skills to grow exponentially.

- Ruth Horst