Welcome and Introduction by PBLI


Chair's Welcome and Introduction


David Christian   

Thorsteinssons LLP


Closely Held Corporations: Taxation of Corporate Income


Asif Abdulla                     

Thorsteinssons LLP

  • Outline of corporate taxation
  • Taxation of business income
  • Taxation of investment income
  • Taxation of capital gains



Questions and Discussion


Refreshment Adjournment


Closely Held Corporations: Taxation of Corporate Distributions


Michael Coburn

Fasken Martineau DuMoulin LLP


  • Shareholder and inter-corporative dividends
  • Benefits, salary, and bonuses
  • Capital transactions and deemed dividends
  • Return of capital



Questions and Discussion


Taxation of Partnerships


Ron Dueck
Farris, Vaughan, Wills & Murphy LLP

  • Taxation of partnerships generally
  • Differences in taxation of general and limited partnerships (at-risk and negative ACB rules)
  • Acquisitions and dispositions of partnership interests
  • Cross-border tax issues
  • Winding-up partnerships



Questions and Discussion


Networking Lunch


Taxation of Trusts


Stephanie J. Daniels

Farris, Vaughan, Wills & Murphy LLP


  • Rules of taxation of personal trusts
  • Taxation of graduated-rate estates
  • Taxation of inter vivos trusts
  • Attribution rules and the "kiddie" tax



Questions and Discussion


Refreshment Adjournment

   2:45 Anti-Avoidance Rules for Common Business Structures
  David Christian

Thorsteinssons LLP


  • Tips for navigating section 84.1 of the Income Tax Act
  • Tips for navigating section 55 of the Income Tax Act


   3:35 Questions and Discussion
   3:45 Panel Discussion: Analyzing and Exploring a Complex Fact Pattern


  • A discussion between the faculty and delegates on a mind-bending fact pattern that incorporates the taxation of all common business structures



Chair's Closing Remarks


Program Concludes