New Trust Disclosure Rules: Preparing for the Upcoming Challenges
The new trust disclosure rules will be in effect for taxation years ending on or after Dec 31, 2021.
Course content
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Presentation
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Recording
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About this course
- $39.00
- 1 CPD hour
- October 20, 2020
Course Description
The new trust disclosure rules will be in effect for taxation years ending on or after Dec 31, 2021. The rules require a broad disclosure and in particular we discuss the issue related to contingent beneficiaries - it is unclear based on the legislation if a contingent beneficiary will also be required to be disclosed. The talk will also go over the tax consequences of a beneficiary and contingent beneficiary in particular reference to corporate association rule.
Instructor(s)
Balaji Katlai
[email protected]
Based out of Toronto, Balaji (Bal) Katlai is an experienced tax professional specialized in assisting technology corporations with tax incentives, planning and advisory. In over a decade, Bal has successfully assisted many owner managed businesses (of varied sizes) across Canada with the tax incentives - this includes defence with CRA audits. Bal also contributes regularly to the Canadian Tax Foundation, and Thomson Reuters publications.