17th Tax Planning for the Wealthy Family

Cover all the bases for estate planning and avoid excess taxation
Date: September 17 & 18, 2015
Location: Toronto
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Highlights

Hear from Canada’s foremost personal tax and estate planning experts as they discuss:

- Strategies for using trusts to protect accumulated wealth in a tax efficient fashion

- The latest judicial decisions, CRA rulings and other pronouncements

- Most current developments in tax law pertaining to owner-managers and examine tax planning strategies in light of these tax changes

- The interplay between family and estate law and how it impacts estate planning for couples

- The latest insight on the tax and financial considerations of creative charitable techniques

Faculty

FACULTY
COURSE LEADERS
Michael Morgan, Simpson Wigle LLP
Michael Morgan is a Counsel at Simpson Wigle Law LLP. He is an accomplished tax lawyer, providing tax planning and estate planning advice, as well as tax dispute resolution advice, to individual and corporate clients.
Martin J. Rochwerg, Miller Thomson LLP
Martin Rochwerg is a Senior Tax Partner within the Tax and Private Client Services group at Miller Thomson LLP. He advises trustees & beneficiaries on estate, trust & charitable administration and dispute resolution, and corporate clients on tax minimization and ownership regimes
CO-LECTURERS
Hemal Balsara, Manulife Financial
Hemal Balsara is Assistant VP, Tax & Estate Planning at Manulife Financial. His experience includes researching and analyzing complicated technical tax issues dealing with owner-manager situations and corporate and personal tax issues.
Mark Blumberg, Blumberg Segal LLP
Mark Blumberg is a Partner at Blumberg Segal LLP. He works almost exclusively in the areas of non-profit and charity law. He provides legal services and advice to Canadian charities and foreign charities operating in Canada.
Ron Choudhury, Miller Thomson LLP
Ron Choudhury is a Partner at Miller Thomson LLP. His practice focuses on domestic and international tax. He advises on owner-manager tax issues, executive compensation, residency issues, estate freezes and succession planning.
Glenn M. Davis, Glenn M. Davis Insurance and Estate Consulting
Glenn M. Davis is Trust and Estate Planning Consultant at Glenn M. Davis Insurance and Estate Consulting. He works primarily to address human capital risk management issues.
Sunita D. Doobay, TaxChambers LLP
Sunita Doobay is a lawyer practicing taxation at TaxChambers LLP. Her areas of practice include corporate income taxation and succession planning.
Elie Roth, Davies Ward Phillips & Vineberg LLP
Elie Roth is a Partner at Davies Ward Phillips & Vineberg LLP. His practice concentrates on all aspects of domestic and international tax planning, corporate reorganizations, M&As and corporate finance.
David P. Stevens, Gowling Lafleur Henderson LLP
David Stevens is Partner at Gowling Lafleur Henderson LLP. His practice focuses exclusively on taxation concentrating on corporate tax, personal tax planning and charities.
Richard M. Wise, MNP LLP
Richard M. Wise is a Partner at MNP LLP. He has more than 35 years of experience performing valuations for corporate, transactional and taxation purposes as well as damage quantification.

Program

COURSE PROGRAM
Tax-Efficient Use of Life Insurance
Estate plans often do not contemplate or properly integrate the use of life insurance with the needs of business owners or high net-worth individuals. This discussion will focus on the effective use of life insurance in tax and estate planning.

Transferring ownership of life insurance

Using insurance to reduce tax on death

Business succession Insurance

Donation strategies

Use of Trusts in Estate Planning
Uncertainty regarding the specific type of trust to establish, or not considering the impact of recent tax legislative amendments and tax litigation, could expose a family or estate to unanticipated tax liabilities. This session will examine strategies for using trusts to protect accumulated wealth in a tax-effective manner.

Types of trusts used for estate planning

Income attribution rules

Use of trusts for probate tax planning

Alter ego trusts and joint partner trusts

Structuring trusts in the context of an estate freeze

Intra-family wealth preservation strategies

Charitable Gift Planning
In recent years, there have been many developments in the area of charitable gift planning and registered charities. This session will review the current developments relating to high net-worth individuals and families, focusing on the tax and financial considerations of creative charitable techniques.

Timing and structure of gifts to maximize tax credits

Charitable remainder trusts

Private foundations & donor-advised funds

New DQ rules: a shifting landscape

What is fundraising and why it matters

Charitable tax shelters and flow-through vehicles

Leveraged gifting arrangements

Succession Planning In The Family Law Context
Business succession within a family requires a well-organized and communicated plan to effectively deal with tax and legal issues that can arise on transfer of ownership from one generation to another, including family law considerations and issues surrounding family harmony. This session will identify the issues and consider potential solutions.

Reorganizing the corporation to separate business assets from investment assets

Freezing the value of the interests of existing owners

Using trusts to permit flexibility

Family law considerations and use of marriage contracts

Drafting shareholders agreements that are consistent with succession plan

Separating succession of ownership and succession of management

Postmortem tax planning strategies
Understanding the different postmortem tax strategies available is an important way to avoid excessive taxation and protect estate assets. This session will look at the different techniques to minimize tax owing after death.

Postmortem impact that taxes have on estates, trusts & beneficiaries

Disclaiming bequests

Unified credit

Election on stock valuations

Charitable contributions

Retirement plan distributions

Loss carryback & pipeline planning

Immigration & Emigration Issues
Whether moving from Canada to the U.S. or immigration from the U.S. to Canada, there is a wide range of personal tax and estate planning issues to consider. This session will focus on these immigration and emigration issues:

Emigration issues

Residency basics and termination issues

Treaty tie-breaker clauses & deemed disposition

Principal residence & stop-loss rule

Posting security & pre-departure planning

Pensions/retirement plans for immigrants from the U.S.

U.S. gift tax issues in Canada

Insurance Choices and their Tax Implications
With a confusing array of life insurance products available, it is often difficult to understand what they all mean and how they will affect tax planning. This presentation will look at the pros and cons of contemporary insurance products.

What products are best suited to what insurance needs

What are the tax consequences of each product choice

How can the tax benefits of life insurance be maximized

Unique opportunities for intergenerational policy ownership transfer

Valuations in Estate Planning: Avoiding Litigation among Family Members
What happens when all your planning goes wrong because of totally unforeseen events? What can you do to prevent litigation among family members before it even begins? This session covers recent cases of significance and will suggest steps that can be taken by the testator and their advisors to protect the family’s business and other assets.

Control vs. minority interests

Shareholder buy-sell agreements

Shareholder appraisal remedies: dissent and oppression

Valuation of beneficiaries’ capital and income interests in a trust

Minimizing Exposure to U.S. Estate Tax
It is not uncommon for a wealthy family to contain at least one U.S. person. This session will explore succession planning for such individuals and discuss the potential minefields and strategies to minimize exposure to US estate tax.

U.S. wealth planning opportunities and their pitfalls

U.S. taxation principles and their application

Treatment of multiple residencies

U.S. gifts and inheritance tax rules

Multimedia Presentations

MULTIMEDIA PRESENTATION
Tax-efficient use of life insurance
Nathan Wright
Nathan Wright Law Professional Corporation
International wealth and tax planning
James Hutchinson
Miller Thomson LLP
Insurance choices and their tax implications
Kevin Wark
CALU
Charitable gift planning
Peter A. Wouters
Empire Financial Group
Estate planning for spouses & couples (and related litigation issues)
Melanie McDonald
Borden Ladner Gervais LLP
Succession and tax planning for owner-managers
Deborah Kraft
University of Waterloo
The U.S.-Canada tax treaty protocol: Impacts and planning opportunities
Todd A. Miller
McMillan LLP
Estate planning litigation
Hugh S. McLellan
McLellan Herbert Barristers & Solicitors
Cross-border estate planning
Will Todd
Davis LLP
Postmortem tax planning strategies
Kay E. Gray
Grant Thornton LLP
The use of trusts in estate planning
Nicolas P. Smith
Legacy Tax + Trust Lawyers
Business succession planning
Alison Oxtoby
BMO Harris Private Banking
Wills: Litigation
Brian E. Cohen
Fraser Milner Casgrain LLP
Taxation of investment & retirement income
Fred Purkey
Davies Ward Phillips & Vineberg LLP
Succession planning in the family law context
Clare A. Sullivan
Aird & Berlis LLP
Owner manager tax planning
Gord Squire
Squire Law Firm
The use of estate freezes in succession planning
Brian Cohen
Dentons Canada LLP
Capital gains exemption and family business succession planning
Lorne Zeiler
TriDelta Financial
Alternatives to family succession: Arm’s length succession plans
Hemal Balsara
Manulife Financial
Income splitting and the attribution rules for a family business
Samantha Prasad
Minden Gross LLP
Structuring the sale of a family business
Brandon D. Wiener
Thorsteinssons LLP
Buy/Sell agreements and life insurance for business owners
Peter Wouters
The Empire Life Insurance Company
Residency issues: Qualifying for Canadian non-residency
Grace Chow
Cadesky and Associates LLP
Tax planning for new immigrants and returning residents
Lorne H. Saltman
Cassels Brock & Blackwell LLP
U.S. Income tax planning
Brian Dunkel
PricewaterhouseCoopers LLP

Participants

Blumberg Segal LLP

Davies Ward Phillips & Vineberg LLP

Glenn M Davis Insurance and Estate Consulting

Gowling Lafleur Henderson LLP

Manulife Financial

Miller Thomson LLP

MNP LLP

Simpson Wigle LLP

TaxChambers LLP

Who should attend

Lawyers in Tax Planning, Lawyers in Estate Planning, Financial Planners, Investment Planners

Price

Price list:-
  • Course: $1975
  • Webcast only : $1575
  • Webcast and Proceedings : $1874
  • Course and Proceedings : $2274
  • Proceedings Only: $799
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Additional Information

REGISTRATION:
To reserve your place, call Federated Press toll-free at 1-800-363-0722. In Toronto, call (416) 665-6868 or fax to (416) 665-7733. Then mail your payment along with the registration form. Places are limited. Your reservation will be confirmed before the event.
LOCATION:
Courtyard by Marriott Downtown Toronto, 475 Yonge Street, Toronto, ON, M4Y 1X7, (800) 847-5075
CONDITIONS:
Registration covers attendance for one person, the supplementary course material as described in this document, lunch, morning coffee and refreshments during breaks are provided for registered duration. The proceedings of the event will be captured on audio or video. Multimedia proceedings with all slides and handouts can be purchased separately on a CD-ROM which will also include the event material.
This event is being webcast. A camera will capture the person making the presentation. A camera may also capture the registration desk. The public webcast only includes the presentation. By registering, you agree to waive any recourse against Federated Press as a consequence of the webcast of your presence at the event. Please enquire with onsite hosts if you wish to ensure that your seat is outside the scope of the webcast.
Workshops are not covered in webcast.
TIME:
Registration begins at 8:00 a.m. The morning sessions start promptly at 9:00.
CANCELLATION:
Please note that non-attendance at the event does not entitle the registrant to a refund. In the event that a registrant becomes unable to attend following the deadline for cancellation, a substitute attendee may be delegated. Please notify Federated Press of any changes as soon as possible. Federated Press assumes no liability for changes in program content or speakers. A full refund of the attendance fee will be provided upon cancellation in writing received 13 days prior to event date. No refunds will be issued after this date. Please note that a 15% service charge will be held in case of a cancellation.
DISCOUNT:
Federated Press has special team discounts. Groups of 3 or more from the same organization receive 15%. For larger groups please call Sandra Frattolillo at 1-800-363-0722, ext. 223 to get more information.
PAYMENT:
Payment must be received seven days prior to the event date.