OBJECTIVE:
Tax planners are confronted with a multitude of tax accounts that need to be considered in conjunction with each other This seminar provides a detailed review of the key tax accounts for private corporations and examines tax planning processes in the case of multiple tax accounts.

Integration is an important part of Canada’s Income tax system for private corporations and the notional tax pools reviewed in this course are an important part of integration.  This course will provide a common framework for considering GRIP, the three RDTOH pools, LRIP and CDA.  The focus of this course is applying an understanding of these pools to effective tax planning. . The seminar includes a series of mini-cases that demonstrate complex issues involving multiple tax accounts.

WHO WILL BENEFIT:
Although all tax practitioners may benefit from this session, the seminar targets professionals involved in tax planning for privately held companies and their shareholders.

LEARNING OUTCOMES:
By the end of the seminar, participants should be able to: 

• describe the key attributes that need to be considered for the various notional tax pools,
• explain how to calculate the balance for GRIP, ERDTOH, NERDTOH, and CDA,
• develop an annual tax plan that makes use of the notional tax pools, and
• explain how transactions that impact one pool might impact another.

CONTENT:

•  Basic considerations for all tax accounts
• GRIP, LRIP, RDTOH (ERDTOH and NERDTOH) and CDA – how to calculate and the impact each has on tax planning and transactions
• Loss carry-backs and the impact on each account
• Tax integration and planning considerations

PREREQUISITES:
Participants should be familiar with existing tax rules in the Income Tax Act.

COURSE LEADER: HUGH NEILSON, FCPA, FCA, TEP