Taxation of Family Trusts and Intergenerational Transfers under Bill C-208, CLE
Date: Wednesday, May 24, 2023
Time: 11:30AM - 1:30PM
Location: The Holman Grand Hotel, Grafton Street, Charlottetown
The Joint LSPEI / CBA PEI CLE Committee in collaboration with the CBA PEI Business Law Section are pleased to present “Taxation of Family Trusts and Intergenerational Transfers under Bill C-208” on Wednesday, May 24th, 12:00Noon, at The Holman Grand. A buffet lunch will be provided. Registration and lunch will be available at 11:30AM, with the session starting at Noon.
Please join us for a continuing professional development presentation jointly hosted by Chris Arsenault, CPA, CA and Laura Simmonds, CPA, CA of MRSB Group covering the following tax-related topics:
- Planning opportunities that still exist for family trusts – this portion of the presentation will also include a review of (i) tax implications for settlors, beneficiaries, and certain common trust provisions; and (ii) an overview of the new reporting requirements for trusts.
- Corporate Attribution considerations when establishing a family trust – Corporate attribution rules are designed to prevent taxpayers from splitting income with spouses and related minors. Chris and Laura shall provide an overview of the corporate attribution rules, the tax implications resulting therefrom, and certain structures which can be used to avoid and/or minimize consequences of the corporate attribution rules.
- Overview of Bill C-208 – The relatively recent Bill C-208 governs the taxation of intergenerational transfers of shares of family small businesses, farms, and fishing corporations. In addition to reviewing the tax implications of Bill C-208, Chris and Laura shall also discuss what lawyers should keep in mind when documenting transfers to which Bill C-208 is applicable.
CPD = 1.0 hours
Registration can be completed online. Registration is deadline Wednesday, May 17th.
Fees:
- LSPEI Member $100.00 + HST = $115.00
- CBA Discount (20%) $80.00 + HST = $92.00
Registration fee is due prior to the event and may be e-Transferred to lawsociety@lspei.pe.ca or paid by cheque to the Law Society of PEI.
