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Canadian Update: Current State of Surplus Stripping
Type: Webinar with NA CPE
Starts
02 December 2021 1:00 pm ET
Ends
02 December 2021 4:00 pm ET
1:00 – 4:00 pm ET
2 hrs CPE/CPD in Taxes
Program Level: Update
Canadian Update: Current State of Surplus Stripping
During this course Manu will discuss intricacies of Surplus Stripping. He will explain what a surplus strip is, why it is popular and what traps to avoid. This course is extremely timely as this very useful planning tool may soon be eliminated by the upcoming federal budget. This may be the last chance to implement such strategies that will save your clients a lot of personal tax!
Learning Objectives
- Understand Surplus Stripping
- Learn the differences between inter-vivos and testamentary pipelines
- Discover how to create corporate capital gains on internal rollovers
- Explain the relationship between surplus stripping and goodwill sales
- Explain Bill C-208 intergenerational transfer rules
Speaker Bio
Manu Kakkar, CPA, CA, MTax, TEP, B.Sc.(Hons)
President
Kakkar CPA
| Manu has over 20 years of experience in taxation in both domestic and international, personal and corporate taxation as well as expert witness reports and testimony. He is an award winning and prolific tax writer. His Master of Taxation thesis on butterfly reorganizations won 2 awards and was published in the Canadian Tax Journal. Manu has published and presented over 200 tax articles and presentations since 2001 across Canada. Manu is an authority in taxation as his name has been cited 29 times in the Income Tax Act. Manu has taught tax at The Canadian Institute of Chartered Professional Accountants, The Canadian Tax Foundation and The Society of Trust and Estate Practitioners, of and various provincial accounting bodies across Canada. Manu sits on the Steering Committees for the Canadian Institute of Chartered Professional Accountants’ National Conference on Income Taxes; the Canadian Tax Foundation Laval Program Committee; CPA Canada’s Small and Medium Practitioner’s Tax Committee; and the Canadian Tax Foundation’s Ontario Tax Conference. Manu is currently serving a three-year term on the Canadian Tax Foundation’s Board of Governors. | |