Watch a qualified CPA instructor teaching the course and access a copy of the same course material that is provided to attendees of an in-person session. 

After registering for a Video on Demand course, CPA Saskatchewan will send you information on how to access the course within 2 business days.

Click HEREhttps://cpask.ca/events-and-professional-development/professional-development/video-on-demand for more information on Video-On-Demand courses.

OBJECTIVE:
The seminar will cover tax issues surrounding family trusts, with a focus on complex tax planning opportunities and tax traps. Issues are discussed in both the inter vivos and testamentary context. Participants will benefit from attending if their objective is to move from a compliance-based trusts practice to an advisory-based practice. The course should allow participants who advise clients with trust structures, or who are considering trust structures, as to opportunities that may be available and to identify further issues in the course of preparing returns. 

The seminar deals primarily with tax planning for trusts and potential traps and technical challenges that may be encountered in the course of tax planning. It is highly relevant to any practitioner who has a client with a family trust in its structure, as it offers a comprehensive analysis of the amendments to the Income Tax Act regarding tax on split income that came into effect in 2018. Participants will learn how to identify potential issues with any current client structures in place and future client structures being considered and be able to propose solutions. 

WHO WILL BENEFIT:
Practitioners who have taken the fundamentals course and wish to have a greater understanding of trust planning opportunities.

LEARNING OUTCOMES:
By the end of this course, participants will be able to: 

• identify tax and estate planning opportunities for clients with trusts or considering a trust,
• analyze the computation of trust income,
• explain issues and opportunities to clients, and
• identify instances where additional planning is required to avoid tax traps.

CONTENT:

•  Non-tax reasons for a trust 
• Tax traps 
• Tax planning 
• Estate planning 
• Determining trust income 
• Testamentary spousal trusts 
• 21-year rule 
• Post-mortem tax planning
• Audit-proofing your client 

PREREQUISITES:
Taxation of Domestic Trusts – Fundamentals or equivalent knowledge