Agenda - April 16th, 2021

   9:00

Welcome and Introduction by PBLI

   9:05

Chair's Welcome and Introduction

 

Cheyenne Reese

Legacy Tax + Trust Lawyers

 

   9:10

Choice of Law and Multiple Wills

 

Peter J. Glowacki

Borden Ladner Gervais LLP

 

  • Choice of law considerations
  • Determining location of different types of assets
  • Using separate wills for assets in different jurisdictions
  • Practice points when administering multiple wills
  • Drafting multiple wills: traps to avoid, sample language
  • Remote/virtual execution

 

   9:55 

Questions and Discussion

  10:05

Morning Break

  10:20

Real Estate Holdings

 

Rebecca Cynader

Farris LLP

 

Ryan McCracken

Farris LLP

 

  • Speculation Tax and Vancouver Vacancy Tax
  • Foreign Buyers Property Transfer Tax
  • Land Owner Transparency Act
  • Principal Residence Exemption
  • Inbound investment planning

 

 11:05

Questions and Discussion

 11:15

US Tax and Estate Issues

 

Cheyenne Reese

Legacy Tax + Trust Lawyers

 

  • US estate and gift tax issues
  • Select tax considerations of dual citizenship, expatriation
  • Considerations when choosing US decision-makers or beneficiaries
  • Moving trusts to the US: sample language

 

  12:15

Questions and Discussion

  12:25

Lunch Break

   1:20

Considerations When Choosing Your Decision-Makers

 

Litza N. Anderson

Scotia Wealth Management

 

Michelle L. Isaak

DLA Piper (Canada) LLP

 

  • Looking at the various estate planning roles:

    - Right person for the role
    - Co-appointments vs. sole appointments
    - Impact of naming non-residents
    - When to consider a professional

  • Sample language for acting decision-makers to appoint co-decision-makers when appropriate

 

   2:05

Questions and Discussion

   2:15

Afternoon Break

   2:30

Select Canadian Tax Considerations

 

Ian Worland

Legacy Tax + Trust Lawyers

 

  • Residency and deeming provisions
  • Source rules for taxation of income
  • Tax implications of repatriating to Canada
  • When and when not to use a trust

 

   3:20

Questions and Discussion

   3:30

Select International Tax Considerations
 

Tim Barrett

Thorsteinssons LLP

 

  • Offshore trusts: select planning points and repatriation
  • Offshore investment funds
  • Domestic trusts with non-resident beneficiaries
  • Emigration planning

 

   4:20 Questions and Discussion
   4:30 Chair's Closing Remarks
   4:35 Program Concludes