Welcome and Introduction
David Christian — Thorsteinssons LLP, Vancouver
Corporate Taxation Overview: Incorporation
David Christian — Thorsteinssons LLP, Vancouver
I. Problems in Incorporation
A. Contractors and Personal services
- personal services business (PSB): what is it?
- tax consequences of carrying on a PSB
- tips to avoid PSB status
Donald W. Smetheram — Smetheram & Company Law Corporation, Vancouver
B. Rollovers and Share Structures
Annie Chen — Richards Buell Sutton LLP, Vancouver
Networking Break
C. Distributions
- salary
- dividends
- loans
- return of capital
Kim M. Ho — Thorsteinssons LLP, Vancouver
D. Purchases and Sales of Assets and Shares
- key tax issues in a sale of assets
- key tax issues in a sale of shares
- capital gains exemption issues
- tax clauses in acquisition agreements
- dealing with restrictive covenants
Leonard Glass — Lawson Lundell LLP, Vancouver
E. Divisive Reorganizations—Purifications, Splits, and Spins
- purification advantages and steps
- related party divisive reorganizations
- "butterfly" reorganizations
- s. 55 of the Income Tax Act
David R. Baxter — Thorsteinssons LLP, Vancouver
Lunch (on your own)
II. US Tax for Canadian Practitioners
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when to consider US tax issues
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US citizens and residents
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classification of entities
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businesses with US connections
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US tax compliance
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renunciation of US citizenship
David G. Roberts — Attorney, San Francisco
Networking Break
III. Roundtable Forum: Common Practice Issues
David Christian — Thorsteinssons LLP, Vancouver
Frank W. Quo Vadis — Koffman Kalef LLP, Vancouver
Nicholas P. Smith — Legacy Tax + Trust Lawyers, Vancouver
Ted M. Sutcliffe — Thorsteinssons LLP, Vancouver
Closing Remarks
David Christian — Thorsteinssons LLP, Vancouver