Agenda - November 27th, 2020

   9:00

Welcome and Introduction by PBLI

   9:05

Chair's Welcome and Introduction

 

Chris Ireland

PPI Advisory

 

   9:10

Tax and Legal Update: Key Developments Impacting the Family Business

 

Bill S. Maclagan, Q.C.

Blake, Cassels & Graydon LLP

 

Matthew Weaver

Blake, Cassels & Graydon LLP

 

  • COVID-driven economics aids and initiatives for small business
  • Canada Revenue Agency pronouncements
  • Income Tax Act amendments
  • Recent decisions

 

  10:00

Questions and Discussion

  10:10

Morning Break

  10:20

Employment Law Considerations: Managing Your Workforce

 

Eleni Kassaris

Dentons Canada LLP

 

  • Downsizing your workforce: what you need to know
  • Temporary layoffs
  • Employer health and safety obligations
  • Monitoring remote employees
  • Privacy considerations

 

  11:10

Questions and Discussion

  11:20

Trust and Estate Planning and Related Tax Planning

 

David R. Baxter

Thorsteinssons LLP

 

Ian Humphries

Thorsteinssons LLP

 

  • Planning considerations in a bear market
  • Two-step freezes, wasting freezes, stock dividend freezes and refreezes
  • Trust ownership structures and planning strategies
  • Reversing a freeze
  • New trust reporting rules

 

   12:20

Questions and Discussion

   12:30

Lunch Break

   1:30

US Tax and Estate Issues

 

Benita Loughlin

KPMG LLP

 

  • US Estate, Gift and Generation Skipping Transfer Tax
  • US anti-deferral rules
  • US beneficiaries of Canadian trusts
  • Cross-border estate freezes
  • Post-mortem planning with US taxpayers
  • Filing and reporting requirements

 

   2:30

Questions and Discussion

   2:40

Afternoon Break

   2:50

Challenging Relationships in Challenging Times: Family Law Considerations
 

Scott L. Booth

Jenkins Marzban Logan LLP

 

  • Implications of marital breakdowns
  • "Custody battles" for the business
  • Options for division: buyout, share transfer/redemption, sale, co-ownership etc.
  • Do you need a marriage agreement?

 

   3:40 Questions and Discussion
   3:50 Managing Family Dynamics in a Business Transition
 

Paul Attia

Your Family Enterprise

 

  • Identifying and managing the dynamics at play during the transition of a family business
  • Recognizing and understanding what the family business represents - much more than money, it is an identity, a legacy of the past, and an opportunity for the future
  • Each member of the family will have a different version of the future
  • Dealing with transition, change, and succession is much more than financial; it's emotional too

 

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