A Great New Way to Earn CE/CPD Credits from Knowledge Bureau

Knowledge Bureau is excited to introduce a new convenient, online learning opportunity:  continuing professional education on video – a great new way to earn 6 CE/CPD Credits.

SERIES THEME: FAMILY BUSINESS AND YEAR END TAX PLANNING

AVAILABILITY: DECEMBER 21, 2015 TO FEBRUARY 15, 2016

You can log in to the Distinguished Advisor Video Series. Then sit back and relax, listen & learn:

• Hear the expert  speakers on the theme:  Family Business and Year End Tax Planning
• Write your notes on their Powerpoint Presentations,
• Take a convenient online quiz to earn your CE /CPD certificate 

Designed for busy professionals looking to gain and update knowledge and skills in advanced technical subject areas, DAV is ideal for you. The content was filmed at the Distinguished Advisor Workshop Tour held coast-to-coast.  Now you too can benefit from the leading edge content enjoyed by your colleagues and peers in the comfort of your home or office and in your own time. The tax deductible tuition fees are $495 plus taxes. 

BENEFITS & SERIES THEME:  There are over a million small businesses which account for almost 78% of all private jobs created in Canada and 70% of the total labor force;  and they are flourishing.  Recent changes to tax law bring a sweet spot to advisors in the tax and financial services industry who serve this market.  Find out more about personal, corporate and trust tax changes that matter to business owners, and how to plan for fiscal independence for both the business and the people in it, including how to finance a business in volatile economic times.

SPEAKERS:  Listen to Canada’s most respected experts in personal and corporate tax and financial planning.  Participants will learn through a case study and peer-to-peer discussion approach: 

1. Year End Planning for the Family with Evelyn Jacks, MFA^TM, DFA-Tax Services Specialist^TM:  Featuring the provisions of the April 2015 budget and anticipated changes due to the October federal election.
2. Owner-Manager Planning with Larry Frostiak, FCA, CFP, TEP:   In this advanced practitioner’s update, learn year end strategies that affect compensation,  family income splitting, real estate and estate planning including problem solving with Graduated Rate Estates, life interest and testamentary trusts and new “pipeline strategies”.  
3. Growth Strategies for the Business with Jenifer Bartman, CA, CMC:  A growing company is an exciting place to be, but business leaders often face challenges in getting there.  Whether it’s obtaining the necessary financing to move forward, having a cohesive plan for success, or finding the right resources to build capacity for growth, all can halt the process.  Learn how to help your business leader clients navigate the challenges of building an independent business with practical strategies that help to set the stage for sustainable growth.

THE AGENDA:

VIDEO 1:  YEAR END TAX PLANNING FOR INDIVIDUALS - Evelyn Jacks, MFA^TM, DFA-Tax Services Specialist^TM

• After the election:  Economic update, tax changes for 2016, analysis of pending tax reforms
• Year end retirement income planning for business owners and their families
• Charitable strategies:  Donating proceeds of disposition of real estate or small business shares
• Planning with proprietors:  hiring family, claiming expenses, home office

VIDEO 2:    PEAK OF CAREER: OWNER-MANAGER COMPENSATION PLANNING - Larry Frostiak, FCA, CFP, TEP

• The Taxation  & Integration of Business and Personal Income
• Understanding Family Compensation Requirements:  Short & Long Term Income Tax Treatment of Salary, Benefits and Bonuses
• Income Tax Treatment of Dividends and Recent Tax Changes
• Family Income Splitting, timing, deferral
• Other Issues:  Limitations on Shareholder Loans, Excluded Loans, Personal Health Services Plans, personal services business income, employer-sponsored scholarships for employees
• Year-end tips – planning for capital asset acquisitions, risk management: sale of high value personal insurance policies to corporations 
• Missteps - Staying on track with CRA:  company cars, mixed used, meals & entertainment, spouse’s salary

VIDEO 3:  BUSINESS TRANSITION PLANNING:  BUILDING WEALTH FOR RETIREMENT - Larry Frostiak, FCA, CFP, TEP

• Building Wealth for retirement:    Use of  TFSAs, Registered plans – RPP, RRSP, RRIF, RCAs, IPPs, Unregistered &  Deferred Income Plans  
• Use of corporate wealth – Maximizing RRSPs; save corporately in holdco - wisely invested
• Extracting Corporate Surplus - Efficient use of RDTOH and family trusts
• Sale of business:  shares vs assets, restrictive covenants, reserves, financing issues

VIDEO 4:   TRUSTS AND ESTATE PLANNING FOR  PROPERTY AND BUSINESS OWNERS - Larry Frostiak, FCA, CFP, TEP

• Planning for death of High Net Worth Individuals
• Estate planning for next generation
• Wills, trusts, new rules that effect will planning
• Exit Planning:  The Capital Gains Deduction, CNIL, ABIL's
• Using Pipeline Strategies

VIDEO 5:   INVESTOR-READY BUSINESS PLANNING (IRBP)  WITH JENIFER BARTMAN, CA, CMC

Help your clients grow with the right resources requires an understanding – from Day 1 - what external parties are looking for in potential acquisitions, partnerships, or financing.  Advisors who help develop a business plan in a manner that resonates well will focus on the details to create an investor-ready business plan.  They will also assist with business model development and forecasting, as well as formulating a compelling summary of the plan.  Attendees will learn how to develop a definitive framework for an IRBP – including information about the industry, the market opportunity, and implementation.  This IRBP dovetails well with the financing plan.

VIDEO 6:  OWNER ROLE READINESS - BUILDING BUSINESS GROWTH CAPACITY WITH JENIFER BARTMAN, CA, CMC

Shareholders want value for their investment, which means growing both the top and bottom lines.  In order to generate growth, business leaders require strategies to build capacity beyond what they alone can achieve, while keeping a close eye on results.  This is a common stumbling block, and problems include role definition, timing, getting the right resources, monitoring performance, and taking corrective action where needed.  Learn how to help the business owner understand what can come off his/her plate, what shouldn’t, and how to get the necessary financial results to generate growth over the long term.

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