Critical Financial Education on Family Business Tax at November CE Summits

The tax proposals introduced on July 18, 2017, are complex and continue to evolve, promising some mind-numbing complexing for business clients. Tax and financial advisors need to gain a thorough understanding of the intricacies of these proposals in order to reduce the impact on their clients. The November CE Summits will address this need, in a focused session featuring family business tax expert Larry Frostiak. Note - Registration ends today, November 15.

“Earlier this September, I was pleased to participate in a special information session on the tax proposals was hosted by Frostiak and Leslie Chartered Accountants in Winnipeg,” said Evelyn Jacks, President of Knowledge Bureau. “Feedback from financial professionals and the business community demonstrated that there is plenty of concern and a lack of concise understanding on how to effectively reduce the impact of these tax proposals. Larry’s explanations of what lies ahead were comprehensive and we are pleased to bring his in-depth knowledge and experience to the delegates of CE Summits this November.”

Knowledge Bureau’s CE Summits are designed to instill greater confidence and knowledge for all professionals completing year-end processes and planning for the 2018 tax season.

This workshop will place particular focus on the analysis of the tax integration models with respect to active and passive income. The proposed changes are far-reaching and will affect corporate wealth accumulation and distribution. In some cases, the effective tax rates on certain passive income will hit 73 percent, and 93 percent on the death of certain non-active shareholders of such private corporations. It will be critical for the advisor to understand the interplay of these new proposals and position their clients to make the right decisions on a go-forward basis.

Case study examples will be presented to illustrate the concepts and implications for existing corporate structures with a look at the “before,” the “after” and the “now.”  Implications on a go-forward basis will be examined, as will the tax issues connected with respect to the existing value within the private corporation, and new “reasonableness tests” for family members working in the business.

Registration is available online or by phone until November 15, 2017. One-day workshops are offered in Winnipeg, Vancouver, Calgary and Toronto between November 21-28. Visit the complete CE Summit agenda for more information.

Additional educational resources: Online certificate courses now available:  Debt and Cash Flow Management,  T1 Tax Preparation - Proprietorships.

©2017 Knowledge Bureau Inc. All Rights Reserved.

Refer a Friend	Research	Calculators	Course Trials