Taxation of Domestic Trusts - Fundamentals (VO)

An overview of trust relationships, how to complete basic returns for trusts and their beneficiaries, and how to identify and communicate basic tax planning benefits and opportunities that involve family trusts. The course reviews the basic tenants of trust law, the provisions of the Income Tax Act, case law and CRA administrative positions that are fundamental to the taxation of trusts.

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 HERE for more information on Video-On-Demand courses.

OBJECTIVE:
The course is being offered to ensure that accountants who prepare trust returns or who advise clients with trust structures or who are considering trust structures have a functional knowledge of the applicable tax rules and the ability to issue-spot potential problems that may require specialist assistance. Participants will develop better knowledge of the rights and duties of settlors, trustees and beneficiaries. Both the inter vivos and testamentary trust context will be discussed. 

The seminar will provide an overview of trust relationships, how to complete basic returns for trusts and their beneficiaries, and how to identify and communicate basic tax planning benefits and opportunities that involve family trusts. It reviews the basic tenants of trust law, the provisions of the Income Tax Act, case law and CRA administrative positions that are fundamental to the taxation of trusts. Accountants of any experience level who have a working knowledge of personal income tax rules and whose clients include estates, trusts or high net worth individuals would benefit from this course.

WHO WILL BENEFIT:

Practitioners who wish to gain an understanding of trust taxation or wish to refresh their knowledge and stay abreast of current issues to better advise their clients.

LEARNING OUTCOMES:

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

  • describe the income tax treatment of trusts and their beneficiaries,
  • identify potential tax risks or tax issues associated with trust structures, and
  • analyze whether clients would benefit from a trust structure.

CONTENT:

  •  Recognizing the need for a trust structure 
  • Overview of trust law 
  • Design of a trust 
  • Types of trusts 
  • Taxation of trusts 
  • Taxation of beneficiaries 
  • Trusts and estates 
  • Planning opportunities
  • Administration 

PREREQUISITES:
Participants should have a working knowledge of the income tax rules applicable to individuals and corporations. 

When
11/1/2021 - 3/25/2022
Where
Video on Demand

Personal Passport Eligibility

Corporate Passport Eligibility

 

No content found

Please sign in to register