Agenda - May 23rd, 2019

   9:00

Welcome and Introduction by PBLI

   9:05

Chair's Welcome and Introduction

 

Alexander Demner

Thorsteinssons LLP

 

   9:15

Basics of Real Estate Taxation

 

Speaker to be announced

 

  • Development
  • Investment
  • Costs and related issues
  • Financing

      - Debt

      - Equity

      - Interest payments

  • Characterization: Income vs. capital

 

  10:05

Questions and Discussion

  10:15

Refreshment Adjournment

  10:30

Structuring the Deal: Part I

 

Speaker to be announced

 

  • Structuring alternatives: pros and cons
  • Non-resident considerations
  • Personal vs. commercial investments

 

  11:20

Questions and Discussion

  11:30

Structuring the Deal: Part II

 

Rebecca Cynader

Farris, Vaughan, Wills & Murphy LLP

 

Ron Dueck

Farris, Vaughan, Wills & Murphy LLP

 

  • Tax on Split Income (TOSI) and real estate investments
  • Taxation of passive investment income in private corporations
  • Partnership investments and stub period accrual rules
  • Acquisitions and "bump" planning

 

  12:20

Questions and Discussion

  12:30

Networking Lunch

   1:30

Dispositions of Real Estate

 

Michelle Moriartey

Legacy Tax + Trust Lawyers

 

Laura Peach

Legacy Tax + Trust Lawyers

 

  • Contractual considerations before the deal is finalized
  • Non-residents dispositions: Section 116 certificates
  • Audits and assessments: Dealing with the CRA

 

   2:20

Questions and Discussion

   2:30

Refreshment Adjournment

   2:45

Commodity Taxes and Property Transfers
 

Terry Barnett

Thorsteinssons LLP

 

Zheting Su

Thorsteinsson LLP

 

  • Good and services tax

      - Some basics: What is exempt and what is taxable?

      - Self-assessment versus payment to vendor

      - Recovery of GST paid: Don't take input tax credits for granted

      - Bare trusts and joint ventures: Registering the wrong person can cost

      - Assignment of  purchase contracts

  • Provincial sales  tax

      - When are fixtures subject to PST?

      - PST and construction contracts

  • Property Transfer Tax

 

   3:35

Questions and Discussion

   3:45 Provincial/Municipal Taxes
 

Alexander Demner

Thorsteinssons LLP

 

  • Speculation Tax
  • Foreign Buyers' Tax
  • Empty Homes Tax
  • Land Owner Transparency Act White Paper
  • School Tax

 

   4:35 Questions and Discussion
   4:45 Chair's Closing Remarks 
   4:50 Program Concludes