As much as people tend to think otherwise, memory is not infallible. Fortunately, tax professionals have the opportunity to relearn foundational material in the context of new changes (and we know how often the government loves to change things). This two-day course in corporate tax is designed for those who desire to update and refresh their knowledge in both technical and the review of concepts in tax planning, not specific strategies or commoditized “tax plans” for corporations. Although the course reviews taxation for public and private corporations, the session primarily focuses on the taxation of private companies.

You will receive detailed course materials covering a broad range of corporate tax topics, which serve as an invaluable future reference. In addition to receiving presentation material, you will work through case studies covering a wide range of corporate tax issues, collaborate with your peers, and share issues impacting their clients.

This course not only provides a review of issues relating to corporate taxpayers but also expands your knowledge about recent changes. Participants working with these taxpayers require an understanding of corporate tax legislation and its proper application.

Learning Objectives

By the end of this course, participants should be able to:

• Evaluate the residency of a corporation and its liability for taxes in Canada
• Calculate corporate taxes payable
• Describe the various corporate reorganization provisions
• Assist clients with various tax planning issues including but not limited to, remuneration planning, estate planning, and purchase and sale of business

Content

Topics include:

• The Income Tax Act (ITA) as it relates to corporations
• Determination of residency
• Calculation of corporate taxes
• Common definitions under the ITA that impact a corporate taxpayer, including related parties, affiliated parties, and associated corporations
• Various sources of income, including active business income, investment income, specified investment business income, and personal service business income
• Uncommon income items and deductions
• Commonly used corporate reorganization provisions: the use of the Section 85 rollover; Section 86 capital reorganization; Section 87 amalgamation; Section 88 wind-up
• Section 84.1 and Section 55(2) anti-avoidance provisions
• Corporate attribution
• Loss utilization
• Owner/manager remuneration planning
• Estate planning
• Issues for buy-sell agreements as well as the purchase and sale of business
• Acquisition of control
• Debt forgiveness

Please note, that this course does not cover the preparation of corporate tax returns.

Prerequisites – Knowledge, Experience or Courses

Individuals registering for this course require the following knowledge:

• Corporate Tax – Compliance & Planning in T2 Preparation
• Working experience with the preparation of corporate tax returns
• Moderate tax planning experience

Applicable For

This course will particularly benefit practitioners involved in corporate tax matters for private corporations and those who desire to expand or refresh their knowledge of corporate tax.

 What to Expect

• Two emails will be sent from CPA Manitoba following your registration: one to confirm your order and one including information on how to access the course through your Learning Hub.
• Once sent, these emails can also be found in the Communication tab of your CPA Manitoba Member Portal.
• Course materials, links and credentials can be found in your Learning Hub no less than two business days prior to the seminar.
• This is a Live Virtual seminar where class size has been limited to allow for an interactive learning environment.
• This seminar will not be recorded.
• Live webinars have varying levels of expected interaction, with many requiring webcam and microphone capabilities. 
  
  If you have concerns about the interaction required for this course or any other questions about this course, please email [email protected].  
  
  CPA Manitoba PD Terms and Conditions: https://cpamb.ca/pd/pd/Terms-and-Conditions.aspx
  For questions regarding this course, including registration and access, email [email protected].